New Markets Tax Credit Coalition

  • McMinnville,
  • TN
  • (2020)

McMinnville Hampton Inn

District: Scott DesJarlais (R-TN04)

Development of a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $9,362,000

IMPACT

  • 26 FTE jobs
  • 46 construction jobs
  • 20,000 sq. ft. of real estate

CDEs

,

Investor

Project Description

Enhanced partnered with Hunt Properties GP, a local, developer, to develop a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN. To help support the rural community, Enhanced Capital provided financing for the project through a $5 million federal NMTC allocation.

MAP

Address: 1560 Sparta Road, McMinnville, TN 37110

Census Tract: 47177930600

Missing information? Submit an update or correction.

Other Tennessee Projects

Southern Champion Tray
  • Chattanooga,
  • TN
  • (2021)
  • CDE(s): AMCREF Community Capital, MuniStrategies, National New Markets Fund, Southern Community Capital, Truist
In December 2021, AMCREF Community Capital provided $9 million of NMTC financing to Southern Champion Tray, a 94-year-old sustainable paperboard packaging converter specializing primarily in food packaging for the grocery,
Learn more..
Thomas B. Davis YMCA Expansion
  • Memphis,
  • TN
  • (2020)
  • CDE(s): Nonprofit Finance Fund
Renovation and expansion of 32,921 sq. ft. of space for the YMCA, supporting new community goods and services.
Learn more..
Williams Sausage
  • Union City,
  • TN
  • (2017)
  • CDE(s): Chase, Community Impact Fund, Pacesetter CDE, Stonehenge Community Development, TruFund
Financing for the equipping of a manufacturing production facility, cold and dry storage, disbution center, truck maintenance hsop and new corporate offices.
Learn more..
Dot Manchester 2022
  • Manchester,
  • TN
  • (2022)
  • CDE(s): Capital One, Mascoma Community Development, MuniStrategies

The construction of a 190,000 sq. ft. food product distribution center in a non-metropoletal low-income community in Manchester, Tennessee. The new facility allows Dot Foods to consolidate healthy food and

Learn more..