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
2014
Baltimore, MD | 7th District
2020
Baltimore, MD | 7th District
2009
Greenfield, MA | 2nd District
2008
Cleveland, OH | 11th District
2018
Spartanburg, SC | 4th District
2017
Saint Louis, MO | 1st District
2015
San Francisco, CA | 11th District
2012
Lemoore, CA | 20th District
2017
Hyattsville, MD | 4th District
2020
Denver, CO | 1st District