New Markets Tax Credit
Investments
Utilizing new markets tax credits, CCG Community Partners, LLC, an affiliate of CityScape Capital Group, offers investment capital to owners of businesses and commercial properties located within qualified low-income communities. The majority of CCG Community Partners' activities (98%) is targeted to providing equity in and/or loans to Qualified Low-Income Community Businesses for purposes of developing and rehabilitating commercial real estate.
Newark Farmers Market
Newark, NJ
Federal NMTC: $7,500,000
Project Cost: $22,500,000
Jobs: >200 temp construction, >160 new full-time perm
Poverty Rate: 20.9%
Winston Medical Center
Louisville, MS
Federal NMTC: $7,500,000
Project Cost: $45,000,000
Jobs: >250 temp construction, 60 new full-time perm
Poverty Rate: 32.2%
To date, the new market tax credit investments ("NMTC") include the dozens of projects that can be found in the NMTC Project Details Page.