Our occasional round-up of NMTC closings:
NCB partners with Wright-Patt CU to provide $16 million to Five Rivers Health Centers' new facility
National Cooperative Bank (NCB) along with Wright-Patt Credit Union, (WPCU) recently closed a $16 million loan to support a $31.6 million New Markets Tax Credit (NMTC) financing package for the development of a 2 ½ story, 84,000 sq. ft. healthcare facility on four acres of land in Dayton.
The facility will replace five existing leased clinic spaces and will provide integrated and expanded services in one location. Five Rivers new facility will be known as the Edgemont Campus. NCB and WPCU will each provide a term in loan in the amount up to $8 million
Choctaw tribe's educational efforts boosted by tax credit
Walnut Grove, MS
The Mississippi Band of Choctaw Indians recently closed a New Markets Tax Credit transaction related to its two new early childhood education centers and an elementary school expansion — resulting in a $2.3 million benefit to the Tribe.
The Tribe opened both the Pearl River and Standing Pine Early Childhood Education Center(s) and the Pearl River Elementary School expansion in late 2020.