NCB Capital Impact Awarded $40 million in New Markets Tax Credits by Treasury Department

WASHINGTON, DC (April 24, 2013) —The U.S. Department of the Treasury’s CDFI Fund announced today that NCB Capital Impact was awarded $40 million in New Markets Tax Credit (NMTC) allocation. Capital Impact was one of 85 organizations to receive a combined $3.5 billion in allocation nationally. This is Capital Impact’s 6th award, increasing Capital Impact’s total allocation to $449 million.

NCB Capital Impact Again Receives Highest CARS™ Rating

Washington, DC (January 31, 2013) -NCB Capital Impact (Capital Impact) announced today that it had again received the highest rating from the CDFI Assessment and Rating Service (CARS™) for 2012. For the fourth straight year, Capital Impact received an AAA +1 rating. The AAA is the highest mark for the organization’s social impact, and the numerical part of the rating, which ranges from a high of 1 to a low of 5, measures financial strength and performance of the institution.