Michael Rochford, St. Nicks Alliance, Brooklyn, NY
New Market Tax Credits permit private investment in critical public benefit projects. We have used the NMTC in past to purchase a new building that will yield a 30 year community benefit. We urge your support.
Edward Suh, Bogopa Enterprises, Inc., Long Island City, NY
Bogopa Enterprises, Inc. owns and operates grocery stores under the banner Food Bazaar Supermarket. We started with one store as a family business in 1988 and continue to do so today. We have been fortunate enough to grow to 32 locations with over 4000 employees. Most of our growth was founded on entering lower income, […]
50 PENN
NMTC funding will provide funds for a new “FRESH” supermarket, plus operating expenses during lease-up and working capital during rent-abatement period. This project’s financing is part of a $10.5 million capital stack needed for the build-out of the 34M sq. ft. commercial retail component of a $107 million mixed-use 100% affordable housing (LIHTC) project in […]
CHN East New York Health Clinic
$10.5 million new construction of a 9,500 sq. ft. Federally Qualified Health Clinic in East New York, Brooklyn.
Nydia Velázquez (D-NY07)
Brooklyn Navy Yard, Building 128
Three CDEs turned a deserted, rotted-out structure and turned it into a hub for job creation.