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
Erie Center for Arts and Technology (2020)
- Arts, Community, Daycare and Early Childhood, FQHCs, Healthcare, Mixed-use, Nonprofit Hub, Schools, Youth and Families
- CDEs: Commonwealth Cornerstone Group
Block 22 (2019)
- Adult Education, College or Vocational Training, Community, Mixed-use, Rural
- CDEs: Dakotas America, Enterprise Financial CDE
Banyan (2016)
- Community, Community Center, Daycare and Early Childhood, Food Bank or Pantry, HFFI, Homeless Services, Mixed-use, Nonprofit Hub, Racial Equity, Shelters and Community Food, Targeted Populations, Youth and Families
- CDEs: CRFUSA
Pitkin Avenue Theatre Redevelopment (2010)
- Mixed-use, Retail, Schools
- CDEs: Carver National Bank, Nonprofit Finance Fund, Rose Urban Green Fund, TruFund
Oxford Mills (2012)
- Affordable Housing, Community, Historic Rehabilitation, Historic Tax Credit, Mixed-use, Retail
- CDEs: Enterprise Community Partners, National Trust Community Investment Corporation, PIDC Community Capital
Capital One 360 Café (2008)
- Mixed-use
- CDEs: Midwest Minnesota CDC
West 25th and Detroit (2016)
- Grocery and Fresh Food, HFFI, Mixed-use, Retail
- CDEs: Capital One, Cleveland Development Advisors, Finance Fund
Construction of mixed-use building with commercial space, parking, grocery store, Eastside School (early childhood education), co-office space and a restaurant.
Brooks House (2011)
- Affordable Housing, Historic Rehabilitation, Historic Tax Credit, Housing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial, Rural
- CDEs: Evernorth Rural Ventures, MHIC
The Avenida – Warehouse 7 Lofts (2009)
- Historic Rehabilitation, Mixed-use, Office, Retail, Retail and Commercial
- CDEs: Waveland Community Development
Abraham Lincoln Tower (2017)
- Business Development, Community, FQHCs, Healthcare, Hotels and Tourism, Housing, Infrastructure, Mixed-use, Retail, Retail and Commercial, Transportation and Ports
- CDEs: Community First Fund
