New Markets Tax Credits

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 NMTC experts.

Urban Initiatives uses its NMTC allocations to provide deeply discounted and highly flexible equity equivalent debt to invest in community-aligned projects that directly impact highly distressed communities.

  • Investment Goals: We make NMTC investments in projects and businesses that demonstrate the following impacts: increase economic activity by creating quality, accessible jobs and training; improve outcomes for neighborhoods through education and healthcare services; bring affordable, accessible fresh food into communities that lack access; and create sustainable development.
  • Investment Types: We use NMTCs to help fund commercial, retail, mixed-use and for-sale developments, as well as the operations of qualified-low-income businesses, to enhance other 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.
  • Consulting Services: Our highly-experienced and accomplished team also provides NMTC consulting services, including structuring, sourcing allocation, identifying other gap funds, and compliance/asset management services for catalytic projects in low income distressed communities.


In accordance with federal law and the U.S. Department of the Treasury policy, MBS Urban Initiatives CDE, LLC is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability.  To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington D.C., 20220 or call (202) 622-1160.