Featured:

NMTC Advocacy Week Day 3: Mixed-Use

After several decades of commercial strip malls and suburban single family home construction, the trend over the past several decades is toward the construction or renovation of mixed-use, multi-purpose facilities. Mixed-use projects have the following advantages:

  • help foster walkable communities;
  • allow for the co-location of housing, goods, and services;
  • repurpose vacant and abandoned buildings or parcels of land; and
  • generate local tax revenue.

The NMTC is commonly used for mixed-use and multi-purpose projects in distressed communities. In the Coalition’s 2021 Progress Report (Covering projects financed in 2020), 42% of projects included more than one component. Learn more:

Components of multi-purpose NMTC Projects, 2020

Components2020

Mixed-use Stories

2009

Owosso, MI

Woodard Lofts involved the renovation of a manufacturing building into a mixed-use development with student housing units, office space…
2006

Memphis, TN

The renovation of two historically-significant buildings and the construction of the green, LEED gold certified “Court Annex 2” building…
2008

Greenville, SC

An infill mixed-use development includes 197 apartments, 22 condominiums, a one-acre bank site, 500 parking spaces in a two-level…
2007

Lynn, MA

NMTC financing closed the feasibility gap to make possible the revitalization of the historic Old Lynn School and provide…
2012

Seattle, WA

Capitol Hill Housing Improvement Program redeveloped an underutilized, City-owned parking lot into a 150,000 sq. ft. mixed use, transit-oriented…
2020

Saint Louis, MO

Delmar Boulevard is an east-west street within the City of St. Louis, MO and known as the Delmar Divide….
Other Recent Posts