The WNC Companies - (Offices in) Irvine, Boston, Chicago, Columbus, Kansas City, New York, Richmond, St. Paul, Washington, D.C.

NMTC Key Terms

Qualified Active Low-Income Community Business (QALICB)
A corporation or partnership that meets NMTC requirements primarily dealing with the location of or conducting of business within a Low-Income Community. Potential QALICBs include real estate investments, including retail shopping centers, office, supermarkets, industrial/manufacturing facilities and warehouses; and business investments, including Small Business Loans.
Qualified Community Development Entity (CDE)
An entity that receives a NMTC allocation and makes the investments. A CDE is any domestic corporation, partnership, or limited liability company whose primary mission is serving or providing investment capital for low-income communities or persons.
Qualified Equity Investment (QEI)
The cash investment made by an investor. The investment must be in a Qualified Community Development Entity (CDE). Substantially all the cash must used by the CDE to make Qualified Low-Income Community Investments, and the investment must be designated by the CDE as a QEI.
Qualified Low-Income Community (QLIC)
A geographic census tract area in which NMTC investments may be made. In a QLIC the poverty rate is at least 20% OR the median family income does not exceed 80% of the area or statewide median family income.
Qualified Low-Income Community Investment (QLICI)
The investment that a CDE is required to make. A QLICI is any capital or equity investment in, or loan to, any Qualified Active Low-Income Community Businesses.