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
2019
Bennington, VT
The renovation of 3 historic buildings in downtown Bennington, VT….
2017
Helena, MT
Rehabilitation of abandoned downtown buildings into commercial office space….
2018
Raleigh, NC
The Southeast Raleigh YMCA/Elementary School is the first phase of a 31-acre master planned site to improve access to…
2008
San Francisco, CA
This multi-tenant nonprofit complex, formerly a warehouse, located in San Francisco’s Mission District is a one-stop center of financial,…
2005
Bridgeport, CT
The rehabilitation of the historic Arcade Building and 144 Golden Hill Street is a vital part of Bridgeport’s downtown…
2015
New York, NY
Essex Crossing includes 1,000 residential for-sale and rental units, a 15,000 sq. ft. public park, a 10,000 sq. ft….
2019
Philadelphia, PA
Redevelopment, expansion, and new construction of an owner-occupied nonprofit office and healthcare space with a community room that is…
2010
Newark, NJ
The new Ivy Hill Preschool creates a place of beauty, a place where children would feel competent – and…
2016
Staten Island, NY
Mixed-use development brought fresh food, accessible healthcare and job opportunities to a highly distressed community in the South Bronx….
2019
Monroeville, AL
This project involves the acquisition and rehabilitation of multiple commercial buildings in downtown Monroeville, AL. The project brought a…