Recent NMTC Projects – Sept 2020 Update

Despite the unprecedented challenges posed by the pandemic, NMTC projects are moving forward in 2020 when they’re arguably needed most. We’ve pulled together a collection of 2020 projects for you to browse:

Peterson Farms

Lansing,
MI
Peterson Farms
The Michigan Commission of Agriculture and Rural Development today approved a $135,000 performance-based Food and Agriculture Investment Fund grant to Peterson Farms, located in Shelby, Michigan. Already Oceana County’s largest ...
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Barton Hall

Mobile,
AL
Barton Hall
Renovation of the historic Barton Academy Building into an internationally focused, public school within the Mobile County Public School System ...
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Children’s Institute, Watts Campus

Los Angeles,
CA
Children's Institute, Watts Campus
Construction of a new 20,000 square foot state-of-the-art community facility in Watts for the Children’s Institute is expected to begin in January 2020 and be completed in July 2021. The ...
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Creative Class Lofts

Fall River,
MA
Creative Class Lofts
NTCIC is happy to announce the successful financing of the former Bradford Durfee Textile School in Fall River, Massachusetts. Once rehabilitated, the building will become the Creative Class Lofts, a ...
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Academy Lofts Adair Park

Atlanta,
GA
Academy Lofts Adair Park
The George W. Adair School, constructed in 1912 at the heart of the Adair Park neighborhood in Atlanta, Georgia operated as both a school and a community gathering center for ...
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Crescent Commons

Cortland,
NY
Crescent Commons
The Crescent Corset Company factory in Cortland, New York, was one of the leading employers for women in the region. This multi-phase project transformed the long vacant building into a ...
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Newark Arts Commons

Newark,
NJ
Newark Arts Commons
The original St. Michael’s Hospital, established by the Franciscan Sisters of the Poor in 1869, will soon become the Newark Arts Commons, a center for arts education and creative co-living ...
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Ron Clark Academy

Atlanta,
GA
Ron Clark Academy
The NMTC allocation will assist with the construction of the new 42,000-square-foot state-of-the-art Ryan Marshall Performing Arts Center, which will expand the existing school building both for student activities as ...
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Audubon Metals

Corsicana,
TX
Audubon Metals
Corsicana will soon be the location of a new manufacturing facility for an aluminum producer and metals processor, Audubon Metals, LLC. The announcement of the 100 jobs and $50 million ...
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Arris Manufacturing

Clio,
SC
Arris Manufacturing
Through its investment in Arris Manufacturing (“Arris”), The Innovate Fund was able to support the acquisition and retrofitting of the former Baldor Electric facility in Clio. Dormant since 2016, the ...
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Allen Place Project

Lansing,
MI
Allen Place Project
The development plans call for the rehabilitation of an existing two-story building that currently houses the Allen Neighborhood Center into a three-story mixed-use development in the City of Lansing. When ...
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University of Delaware’s Science, Technology and Advanced Research Campus

Newark,
DE
University of Delaware’s Science, Technology and Advanced Research Campus
A New Markets Tax Credit investment from Cinnaire will support the development of a new, 100,000-square-foot building dedicated to financial technologies at the University of Delaware’s Science, Technology and Advanced ...
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Treasures Market

Lancaster,
PA
Treasures Market
Treasures Markets gets $1.9M boost from federal tax credits for discount grocery/thrift store in Lancaster city. Gov. Tom Wolf announced Tuesday that Treasures Markets will get the help to buy ...
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The Ko-Kwel Wellness Center

Coos Bay,
OR
The Ko-Kwel Wellness Center
The Ko-Kwel Wellness Center will be a 22,000-square-foot building on the tribe’s Kilkich Reservation near Charleston. When it opens next year, the $12 million center will offer primary care, dental ...
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Erie Center for Arts and Technology

Erie,
PA
Erie Center for Arts and Technology
a $10.3 million renovation of the 107-year-old former school. With the former Wayne building purchased, ECAT then turned to financing the $10.3 million in renovations. Of that, ECAT will fund ...
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Scranton Counseling Center

Scranton,
PA
Scranton Counseling Center
The adaptive reuse of a historic cornerstone building at 329 Cherry Street in downtown Scranton. The rehabilitated building will be the site of SCC’s behavioral health clinic and administrative offices, ...
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Union Gospel Mission of Salem

Salem,
OR
Union Gospel Mission of Salem
NMTC financing for Union Gospel Mission of Salem (“UGMS”), the largest provider of meals and shelter for the homeless in the Salem, Oregon metro area. The loan, made possible with ...
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