New York Community Bank

Downtown Cleveland.

To help New York Community Bank (NYCB) demonstrate its success in deploying Federal New Market Tax Credits (NMTC), Silverlode analyzed the economic impact of 12 investment projects totaling more than $118 million that were funded in part by NYCB’s New Markets Tax Credits. The study helped NYCB to quantify and communicate the significant construction period and permanent impacts that were generated by these projects and aid in NYCB’s applications for additional NMTC allocations.