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


Mixed-use Stories


Owosso, MI

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

Memphis, TN

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

Greenville, SC

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

Lynn, MA

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

Seattle, WA

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

Saint Louis, MO

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