Survey of 2019 Projects

The NMTC Coalition surveys all CDEs that have won NMTC allocation – past and present – on their loans, investments, and financial services.

Areas Targeted

  • Projects were located in nearly 200 cities in 48 states and territories.
  • Eighty-six percent of projects were located in severely distressed communities far exceeding the statutory requirements for distress, and 26 percent of NMTC financing went to non-metropolitan counties with an additional 5 percent in rural areas of metropolitan counties.
  • Five projects (1.7 percent) utilized the Target Population eligibility criteria. Those projects included a Meals on Wheels, a grocery store, a Detroit-based manufacturer, a youth center, and a homeless shelter.

Jobs and Investment

  • 288 projects totaling $4.5 billion received $2.7 billion in NMTC allocation (at a cost to the federal government of $679 million).
  • CDEs created 57,414 jobs in 2019, including 35,440 full-time equivalent (FTE) jobs and 21,973 temporary construction jobs. The federal cost per job comes to $12,144.

Types of Projects

  • Manufacturing was the most popular use of NMTC allocation (25.9 percent of 2019 Qualified Low-Income Community Investments) followed by healthcare (16 percent), mixed-use (10.2 percent), and childcare, youth, and family services (10 percent).

Components of Projects

2019 By The Numbers

288 Projects

NMTC financing helped make 288 projects possible, including the Hoen Lithograph complex rehabilitation (left). Projects spanned 48 states, Puerto Rico, and the District of Columbia.

$4.5 billion in investment

CDEs used $2.7 billion in NMTC allocation to deliver $4.5 billion in total project investment to low-income communities, including Concord, NC, where CAHEC New Markets used $9.5 million in NMTC financing to support the Boys & Girls Club of Cabarrus County Expansion (right).

57.4k jobs

Including 35,440 permanent full-time-equivalent (FTE) jobs, and 21,973 construction jobs.

232 manufacturing businesses

supported through new facilities and business incubators, creating over 11,000 FTE manufacturing jobs.

Manufacture worker turning on facility when launching machine in the morning

1.7 million people served

by NMTC-financed community facilities, including 1.1 million patients in healthcare facilities.

15.1M sq. ft. of space

rehabilitated or constructed thanks to NMTC financing.

62 Healthcare Facilities

financed by the NMTC in 2019, including 26 Federally Qualified Health Centers.

26 percent of financing in non-metro

counties and an additional 5 percent of projects in rural areas of metro counties.

beautiful rural landscape in a sunny morning