National New Market Fund, Inc. (NNMF) will provide debt and equity capital for catalytic real estate projects (retail, office, light industrial, mixed-use, hotel, and, to a lesser extent, residential) that generate long-term jobs and services in severely distressed communities. The NMTC allocation will be used to provide gap financing on eligible projects, and will enable NNMF to offer loans that are generally 50% below market rates and equity that is generally 75% below market rates. NNMT also intends to apply more flexible underwriting standards, such as longer interest-only repayment periods and loan-to-value ratios as high as 100%, and will seek to incorporate an environmental sustainability component in all its projects.