The National Trust Community Investment Corporation (NTCIC) is a private, for-profit subsidiary of the American National Trust for Historic Preservation, founded in 2000 and based in Washington, DC.
It operates by forming a legal partnership with a developer of historic real estate that results in NTCIC making an equity investment in the project in exchange for receiving rights to the federal tax credits generated by the rehabilitation of the property.
Combining state and/or federal historic tax credits with the federal New Markets Tax Credit is also a possibility if the project is located in a low-income census tract.
The "selling" of tax credits is also a useful means to acquire cash up front, that can be poured into the project once the partnership is formed, rather than waiting until federal or state taxes are filed and processed.
The result is that developers are able to "make the numbers work", enabling the rehabilitation of older and historic structures and ensuring that these pieces of America's cultural fabric will endure for future generations.