FINANCIAL_SERVICESPENDING

TD Bank Considered for Schenectady NMTC Financing

Empire State New Market Corporation is considering TD Bank as the NMTC investor for financing the construction of SCAP’s new multi-service community facility in Schenectady. TD Bank is expected to provide approximately $5.304 million in NMTC equity and is also identified as a source of approximately $5 million in QLICI loans, subject to final transaction approval and documentation.

Document date · October 7, 2026

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Approximately $5,304,000 in NMTC equity investment; approximately $5,000,000 in QLICI loans
Contract type
FINANCIAL_SERVICES
Contract term
Seven-year NMTC credit allowance period
Renewal
NMTC investors must retain their qualified equity investment throughout the seven-year credit allowance period. ESNMC may replace TD Bank with another approved NMTC investor before closing.
Document type
AgendaPacket
Source document
Empire State New Market Corporation AgendaPacket New Markets Tax Credit Projects 2026-10-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NY-State-Empire State Development?

Td Bank was awarded this financial services contract by NY-State-Empire State Development, as recorded on October 7, 2026. The contract value is Approximately $5,304,000 in NMTC equity investment; approximately $5,000,000 in QLICI loans.

How much is the Td Bank contract with NY-State-Empire State Development worth?

The Td Bank contract with NY-State-Empire State Development is valued at Approximately $5,304,000 in NMTC equity investment; approximately $5,000,000 in QLICI loans, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Empire State New Market Corporation AgendaPacket New Markets Tax Credit Projects 2026-10-07 (AgendaPacket), dated October 7, 2026 from NY-State-Empire State Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Td Bank hold?

Td Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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