Helping Meet Housing Needs After Katrina

Helping Meet Housing Needs After Katrina

After Katrina and Rita, the New Markets Tax Credit (NMTC) served an important role in rebuilding community facilities including hospitals and schools, helping businesses replace damaged furniture and equipment, and bringing life back to devastated areas. Disasters isolate low-income areas that already lag far behind affluent communities in the availability of basic services like healthcare […]

Recent NMTC projects in Akron, OH and Bellows Falls, VT

Recent NMTC projects in Akron, OH and Bellows Falls, VT

Chroma Technology, Bellows Falls, VT: The growth of Chroma Technology, a leading manufacturer of optical filters and related products, has far exceed their existing production capacity. Financing from MHIC will increase the company’s manufacturing and research and development facility by over 150%. The prosperity of this company is extraordinarily vital to this very low-income community […]

New Report: NMTC: At Work in Communities Across America

New Report: NMTC: At Work in Communities Across America

Today, the NMTC Coalition is excited to release a new report showcasing NMTC success stories from every state and the District of Columbia. These profiles from each state show the flexibility of the NMTC and demonstrate its ability to drive and leverage capital in investment-starved communities, creating economic opportunities and jobs in our country’s poorest […]

Sen. Roberts visits Children’s Campus of KC to discuss strategies that help close the achievement gap

Local health and education center highlights importance of high-quality facilities to the success of at-risk children KANSAS CITY, Kan., Aug. 8, 2016 — When Sen. Pat Roberts sat down with preschoolers today at the Children’s Campus of Kansas City (CCKC), he was focused on much more than story time and snacks. The senior senator from […]

Both Parties Embrace the NMTC for Rural Areas

Both Parties Embrace the NMTC for Rural Areas

Democratic Platform Supports the NMTC On Monday, July 25th, delegates at the Democratic National Convention approved a party platform that included several proposals to protect and expand the New Markets Tax Credit: Ending Poverty and Investing in Communities Left Behind: “We will expand and make permanent the New Markets Tax Credit.” Building Strong Cities and […]

NMTC Partnership Achieving Community Goals With Sibley

NMTC Partnership Achieving Community Goals With Sibley

What do you do with one million square feet of underutilized and vacant department store in your city center, with a building constructed in 1905? That’s the question community leaders in Rochester, New York needed solved with the Sibley Building, once the largest department store in America between New York City and Chicago. In May, […]

Lake Mead Christian Academy Project Part of a Surge in NMTC Activity in Nevada

Earlier this month, Clearinghouse CDFI and Lake Mead Christian Academy celebrated the groundbreaking of their new Henderson, NV facility. Clearinghouse CDFI provided long-term financing for the school, that provides infant day-care services and schooling for grades K-12. The Lake Mead project is part of a recent surge in NMTC activity in Nevada, a state that – until […]