City First Bank of D.C.'s 2014 Annual Report details the bank's continued growth and success in taking advantage of the New Markets Tax Credit (NMTC) Program. The bank received its sixth NMTC Program allocation in the amount of $48 million. Among the projects City First has financed using the program is the DC Prep Public Charter School, which was able to renovate and expand one of its campuses in a low-income section of Washington, D.C. The project created 211 additional seats, boosting the total student population to 711, 90% of whom are low income students who qualify for free and reduced cost lunches. Overall, City First providing more than $82 million in affordable capital and technical assistance to nonprofits and businesses -- a 25% increase over last year.