National Community Investment Fund (NCIF), a certified Community Development Financial Institution (CDFI), was established in 1996 as a nonprofit entity “to invest capital in and enable knowledge transfer to Community Development Banking Institutions (CDBI) around the country.” CDBIs are depository financial institutions that operated in low- and moderate-income areas and have as their mission to generate economic and community development impact. NCIF currently has approximately $150 million in assets under management including $128 million of New Market Tax Credits. It has invested over $24 million in capital in 45 US CDBIs. Seventy-three percent of these institutions are either minority- or woman-owned or managed, and 19 percent are located in rural areas. NCIF has also provided seed capital to six de novo banks.