McCormack Baron Salazar's MBS Urban Initiatives CDE is an allocatee of the Treasury’s CDFI fund’s New Markets Tax Credit (NMTC) program and brings together a team of experts in the use of NMTCs. We use NMTC to help fund commercial, retail, mixed-use and for-sale developments to enhance our development efforts in distressed communities across the country. The goal is to bring these neighborhoods critical jobs, services, and opportunities for advancement that will ensure and expedite their revitalization.

We offer a combination of below-market debt and patient equity investments to developments which can demonstrate significant impact, both in their own right and as catalysts for others to follow.

Since receiving our first award, we have used our NMTCs to close financing gaps on $150 million in high-impact developments in deeply distressed neighborhoods. These projects are only the beginning, as McCormack Baron Salazar’s work and partnerships around the country provide us a pipeline of catalytic investments critical to revitalizing neighborhoods, but made possible only with the help of the NMTC program.