About National Trust Community Investment Corporation
National Trust Community Investment Corporation (NTCIC) is among the largest and most active tax credit syndicators in America and has a well-earned reputation for innovation and impact combined with exceptional financial performance. The corporation supports the country’s architectural heritage, affordable and market-rate housing, renewable energy and community development initiatives through tax credit investments. Since its inception in 2000, NTCIC has provided over $2 billion in capital to 200 catalytic tax credit investments, with over $7 billion in total development costs, nationwide.
NTCIC is also the historic tax credit industry’s leading advocate for improving and expanding the use of federal and state HTCs. In 2009, NTCIC founded the Historic Tax Credit Coalition (HTTC), a diverse group of industry stakeholders that recognize the importance of the federal Historic Tax Credit (HTC) and work with Congress and the Executive Branch to improve and expand the use of this important economic development tool. NTCIC also pioneered the “twinning” of HTCs and New Markets Tax Credits (NMTCs) in 2003 and has now invested more than $680 million into 100+ NMTC transactions. NTCIC began syndicating Solar Investment Tax Credits (ITCs) in 2012 and since that time, has participated in 124 projects/portfolios representing $645M in equity and more than 650 megawatts of solar energy production.
NTCIC is a wholly owned for-profit subsidiary of the nonprofit National Trust for Historic Preservation headquartered in Washington, D.C., with an operating budget of $13M, assets under management totaling $1.25B and a team of 25 located throughout the country.
The Opportunity
The next President & CEO (“CEO”) will be a highly-visible leader in the tax credit field, responsible for shaping the future of NTCIC and ensuring the continued growth and profitability of the corporation, amplifying its profile and reach to achieve even greater levels of strategic influence, visibility and impact. The organization has a successful history including a strong financial position, high-caliber staff, an engaged Board of Directors, exceptional investment partners, and a solid reputation across the sector.
The CEO is responsible for relations with NTCIC’s Board of Directors and has chief responsibility for delivering on the organization’s strategic goals and revenue targets. The CEO will focus on providing an overall strategic vision, continuing NTCICs history of innovation and forward-thinking programming, and driving growth, impact and financial results simultaneously. As the primary liaison with its parent and sole stockholder, the National Trust for Historic Preservation, the CEO is responsible for managing that relationship and ensuring compliance with the Operating Agreement.