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:

Scranton Counseling Center

Scranton,

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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Commonwealth Cornerstone (State of PA), Community, Healthcare, Historic Rehabilitation, Pennsylvania

Ron Clark Academy

Atlanta,

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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Atlanta Emerging Markets, Community, Georgia, Schools, Youth and Families

Union Gospel Mission of Salem

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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Community, Homeless Shelters, Opportunity Fund, Oregon, Raza Development Fund

Audubon Metals

Corsicana,

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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Manufacturing, Rural, Texas, The Valued Advisor Fund

Academy Lofts Adair Park

Atlanta,

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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Arts, Community, Georgia, Mixed-Use, National Trust Community Investment Corporation

Newark Arts Commons

Newark,

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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Arts, College or Vocational Training, Community, Mixed-Use, National Trust Community Investment Corporation, New Jersey

Crescent Commons

Cortland,

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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Community, Community Center, Healthcare, Mixed-Use, National Trust Community Investment Corporation, New York

Peterson Farms

Lansing,

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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Michigan, Michigan Community Capital, Rural, Timber and Agriculture

The Ko-Kwel Wellness Center

Coos Bay,

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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Community, Craft3, FQHCs, Healthcare, Oregon, Rural, Tribes and Native Populations

Creative Class Lofts

Fall River,

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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Community, Incubator, Massachusetts, Mixed-Use, National Trust Community Investment Corporation

Erie Center for Arts and Technology

Erie,

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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Arts, College or Vocational Training, Community, Pennsylvania, PNC

Barton Hall

Mobile,

Renovation of the historic Barton Academy Building into an internationally focused, public school within the Mobile County Public School System ...
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Alabama, Community, Schools, UB Community Development, Youth and Families

Children’s Institute, Watts Campus

Los Angeles,

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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California, Community, Daycare or Early Childhood, Los Angeles Development Fund, Youth and Families

Allen Place Project

Lansing,

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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Incubator, Michigan, Mixed-Use

Treasures Market

Lancaster,

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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Commonwealth Cornerstone (State of PA), Grocery and Fresh Food, Pennsylvania, Retail

RWDC Industries, LLC

Athens,

Marygrove Conservancy

Detroit,

$22 million financing package closes to support cutting edge early childhood center on Marygrove campus ...
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Capital Impact Partners, Cinnaire New Markets, Community, Community Center, Daycare or Early Childhood, MBS Urban Initiatives, Michigan, Youth and Families

Fintech Building

Newark,

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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Cinnaire New Markets, College or Vocational Training, Community, Delaware, Science and Tech

NuFarm

Greenville,

Tippah County Hospital

Ripley,