November 3, 2015

Three Rivers Community Development Entity (CDE)

Community Development Entity

About the Three Rivers Community Development Entity (CDE)

In 2015, Three Rivers Community Development Entity (CDE) received a $25 million allocation under the 2014 New Market Tax Credits (NMTC) Program to facilitate manufacturing and other high-impact community projects as well as improve access to health care in low-income communities in rural Mississippi. An applicant desiring NMTC financing from Three Rivers CDE should submit a client intake form that includes detailed information regarding the project and how it will benefit the applicable low-income communities. Please click here to download a Microsoft Word version of the form.

Three Rivers CDE’s project priorities are manufacturing, rural health care, and high community impact projects with significant job creation and private investment located in qualified low-income areas within the State of Mississippi. Three Rivers CDE offers senior and/or subordinated debt for the majority of its Qualified Low-Income Community Investments (QLICIs).

If you have any questions or would like additional information regarding the Three Rivers CDE, please contact John Byers ( For background information on the NMTC Program, please see below and/or visit the Community Development Financial Institution (CDFI) Fund website at

How Does the NMTC Program Work?

Through the NMTC Program, the Community Development Financial Institution (CDFI) Fund allocates tax credit authority to CDEs through a competitive application process. CDEs are financial intermediaries through which investment capital flows from an invester to a qualified business located in a low-income community. CDEs use their authority to offer tax credits to investors in exchange for equity in the CDE. With these capital investments, CDEs can make loans and investments to businesses operating in distressed areas that have better rates and terms as well as more flexible features than the market

The NMTC Program helps to offset the perceived or real risk of investing in distressed and low-income communities. In exchange for investing in CDEs, investors claim a tax credit worth 39% of their original CDE equity state, which is claimed over a seven-year period

In addition to receiving a tax benefit, investors have the advantage of entering new, unsaturated markets before their competitors, thereby increasing their chances of success. The NMTC Program enables investors to gain recognition for supporting the revitalization of America’s communities.

The NMTC Program allows CDEs to increase the volume of their lending and investing activities. Equity raised by a CDE through a NMTC award must be used within a period of twelve months and invested as loans or equity in qualified, active low-income businesses and/or other CDEs; used to purchase qualifying loans originated by other CDEs; or used to provide financial counseling to businesses in low-income communities.

How Do Communities Benefit?

The immediate and positive community effects of the NMTC Program substantiate this innovative program. The NMTC Program has supported a wide range of businesses including manufacturing, food, retail, housing, health, technology, energy, education, and child care. Communities benefit from the jobs associated with these investments as well as greater access to public facilities, goods, and services. In addition, as these communities develop, they become even more attractive to investors, catalyzing a ripple effect that spurs further investments and revitalization.

How Do Businesses Benefit?

The NMTC Programs helps small and medium-sized businesses with access to financing that is flexible and afforable. Investment decisions are made at the community level and typically 90 to 97% of NMTC business and real estate investments involve more favorable terms and conditions than the market usually offers. Terms can include lower interest rates, flexible provisions such as subordinated debt, lower origination fees, higher loan-to-values, lower debt coverage rations, and longer maturity.

Non-Discrimination Statement

In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220 or call (202) 622-1160.

75 South Main Street
Pontotoc, MS 38863
Post Office Box 690
Pontotoc, MS 38863
P: 662-489-2415
F: 662-489-6815