
Financing Community Projects in
New York City’s Underserved
Neighborhoods
Creating economic opportunity for all means bringing capital to communities that need it most. Founded in 2015, NYC Regional Community Development’s (NYCR-CDE) mission is to expand access to capital for underserved neighborhoods across New York City. Since that time, we’ve provided $390 million in tax credit financing that’s fueled the construction and renovation of over 1.7 million square feet of community facilities as well as enabled thousands of hours of youth programming in areas of the city starved for capital.
Our investment strategy targets five high-impact sectors that underserved neighborhoods need to thrive. We are one of the city’s leading sources of financing for the construction of public charter schools and early childhood education centers -- having funded twenty new school buildings that are serving over 9,200 students. We’ve helped strengthen the city’s healthcare safety net by financing the development of seven Federally Qualified Health Centers that are accommodating over 237,000 patient visits annually. Our funding has also fueled the construction and renovation of 450,000 square feet of new community centers, indispensable neighborhood infrastructure that is making New York City healthier and more connected. Finally, we’ve funded new supermarkets and food pantries in the city’s food deserts because access to affordable, quality food is critical to building strong communities.
Our financing is done through the New Markets Tax Credit program, a federal initiative that helps direct investment to low-income communities.
Our Impact by the Numbers
$390M
Tax credits invested in underserved communities in New York City
1.9M+
Square feet of new construction/
redevelopment financed
34
Community development projects financed
20
New school buildings financed
9231
Student seats funded
237400
Patient visits per year at community health centers financed
Areas of Impact
We’re sparking economic opportunity by investing in the building blocks of vibrant, underserved neighborhoods.

Public Charter Schools

Healthcare

Early Childhood
Education & Child Care

Community Centers &
Youth Development

Healthy Food
Financing Projects Across Four
Boroughs
Bronx
15
Brooklyn
24
Manhattan
29
Queens
34
All Financing
Browse the projects below to see how we’re investing in some of New York City’s most impactful organizations serving under-resourced communities.
