Bank of America Merrill Lynch provides New Markets Tax Credit financing to qualifying commercial projects, with a special focus on industrial, community facility and retail projects.

Qualifying investments may be structured using Bank of America Merrill Lynch’s NMTC allocation and/or allocation from one of our CDE partners

The bank helped DC Preparatory Academy in Washington, D.C. with $12.7 million in new markets tax credit (NMTC) equity and $14.8 million in NMTC debt loans for acquisition of a campus, renovation of the existing elementary school and construction of a new middle school.

The school was able to increase the number of preschool to eighth grade students served from 506 to 711 and create 32 new staff positions.


Investor Name / Contact Person:
Bank of America Merrill Lynch
Leigh Ann Smith
980.386.3855

Preferred Minimum Investment:
$2 Million

Principal Financing Activity:
Real Estate/
Non-Real Estate

Location Preference:
Urban/Sub./Rural


Preferred Service Area:
Bank of America's Operating Footprint

Specialization Area:
Community Facilities, Manufacturing, Performing Arts, Grocery-Anchored Retail