NTCIC Finances Electric Works Development, Largest HTC Investment in Company History


The National Trust Community Investment Corporation (NTCIC), an organization that supports the country’s architectural heritage, community development, and renewable energy initiatives through the provision of Federal and State Historic Preservation, Low-Income Housing, Renewable Energy, and New Markets Tax Credits, provided critical capital sources for Electric Works. This includes $35.7 million in federal Historic Tax Credit (HTC) equity and $12.5 million in New Markets Tax Credit Allocation; this represents NTCIC’s largest Historic Tax Credit investment in NTCIC history.