CHARLES TOWN, W.Va. — Partner Community Capital (PCAP) has been awarded a $40 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund.

The highly competitive NMTC Program attracts private investment to economically distressed communities by financing projects that create jobs, expand essential services, and strengthen local economies. PCAP will deploy this $40 million allocation to support transformative projects in the Appalachian region with a focus on rural areas and West Virginia.

“This award is a testament to the strength of our mission, the depth of our impact, and the exceptional work of the PCAP team and Board of Directors,” said Marten Jenkins, President & CEO of Partner Community Capital. “Receiving an NMTC allocation reflects years of disciplined growth and our readiness to deploy this powerful tool in communities that need it most.”

Jenkins also acknowledged the role of federal champions in advancing community development finance.

“We are deeply grateful for the longstanding support of Senator Shelley Moore Capito and her continued advocacy for PCAP and the CDFI Fund. That leadership has been instrumental in ensuring resources like NMTC remain available to rural and distressed communities,” Jenkins said.

PCAP extends special thanks to the internal team members who led the NMTC application process, as well as the Board for its strategic guidance and leadership.

With this allocation, PCAP will expand its ability to finance projects such as healthcare facilities, manufacturing and operating businesses, community facilities, and other catalytic investments that generate jobs and long-term economic opportunities.