Twenty years ago, the National Trust for Historic Preservation formed the National Trust Community Investment Corporation (NTCIC) as a dedicated subsidiary to finance impactful preservation and community development projects. Today, NTCIC raises money through several state and federal tax incentive programs, such as the Historic Tax Credit (HTC), New Markets Tax Credit (NMTC), and Solar Tax Credit (STC); and makes investments in mission-oriented projects. Since its inception, the subsidiary has invested over $1.6 billion into over 200 transformative projects across 36 states.
To recognize the organization’s twenty years of saving places, we interviewed Merrill Hoopengardner, the president of NTCIC, to talk about the role of tax credits and creative financing in revitalizing communities and protecting the historic places we love. We discussed NTCIC’s recent successes and significant accomplishments over the company’s history, the impact of COVID-19 on community development and preservation, initiatives to support the BIPOC community in the industry, and what the Historic Tax Credit community can expect with the new administration.
Read the full interview at the National Trust for Historic Preservation Preservation’s Leadership Forum