National Community Investment Fund

Nmtc and lending: the nmtc program was created by the cdfi Fund to catalyze economic development Investment into economically distressed, low-income communities. With the nmtc program, ncif facilitates lending to projects located in underserved markets and enables our network bank partners to book high quality loans. Ncif has been awarded a total of $376 million in nmtc allocations since 2003. As of december 31, 2022, ncif has closed 52 deals utilizing $354 million of its nmtc allocation.see schedule o for continuationin 2019, ncif credit strategies Fund llc received initial loan commitments of $15 million from five financial institutions. The loan commitments were made to build the lending line of business. During 2022, ncif has raised an additional $15 million to further its mission goals. As of 12/31/2022, ncif had borrowed $27.4 million of the $30 million loan commitments and deployed $19.2 million in the form of loans to businesses in underserved markets.

Other program services primarily consist of expenses relate to the ncif network - ncif operates the ncif network for providing ideas to facilitate growth of the sector including but not limited to new product development, capital raising, risk management, new technology, valuation, governance and impact analysis. Ncif regularly leverages and expands this network of banks and cdfis to provide valuable events for both organizations and individuals.

Equity investing: as of 12/31/2022, ncif and csf's portfolio consists of equity investments of $13.2 million in 19 mofis and deposits throughout the nation. Ncif and csf receives revenue in the form of interest, dividends, and capital gains upon sale from direct investments.