Recent NMTC projects in Akron, OH and Bellows Falls, VT

Recent NMTC projects in Akron, OH and Bellows Falls, VT

Chroma Technology, Bellows Falls, VT: The growth of Chroma Technology, a leading manufacturer of optical filters and related products, has far exceed their existing production capacity. Financing from MHIC will increase the company’s manufacturing and research and development facility by over 150%. The prosperity of this company is extraordinarily vital to this very low-income community […]

Rep. Lynn Jenkins (R-KS) visits Kansas City Tech Start-up Payit

Rep. Lynn Jenkins (R-KS) visits Kansas City Tech Start-up Payit

On June 29, 2016, U.S. Rep. Lynn Jenkins (KS-02), the fifth-highest-ranking member of House Republican leadership and a member of the U.S. Ways and Means Committee, toured Kansas City startup PayIt. PayIt is a cloud-based mobile solutions platform for government, leveraging its technology and insights to rewrite and automate the citizen engagement experience. PayIt’s patent-pending […]

Treasury Secretary Lew and Congressman Xavier Becerra Visit L.A. Prep Incubator

Treasury Secretary Lew and Congressman Xavier Becerra Visit L.A. Prep Incubator

UPDATE, 5/23/2019: L.A. Prep has changed names to Amped Kitchens. Same owners, same great team, and two new locations! Last month, to mark National Small Business Week, Congressman Xavier Becerra (D-CA), Chairman of the House Democratic Caucus, joined Treasury Secretary Jack Lew at the NMTC-financed L.A. Prep in Lincoln Heights. The L.A. Prep project involved […]

Rivera Beach Marina Village Promises to Transform the Distressed Waterfront

Rivera Beach Marina Village Promises to Transform the Distressed Waterfront

Yesterday in Riviera Beach, FL, they cut the ribbon on the new Riviera beach Marina Village. Hundreds showed up Thursday afternoon to get a first look at the new waterfront property. Project Fact Sheet The $35 million redevelopment project is almost complete and will have an event center, restaurants, hotels, shopping and office space. Officials […]

Lake Mead Christian Academy Project Part of a Surge in NMTC Activity in Nevada

Earlier this month, Clearinghouse CDFI and Lake Mead Christian Academy celebrated the groundbreaking of their new Henderson, NV facility. Clearinghouse CDFI provided long-term financing for the school, that provides infant day-care services and schooling for grades K-12. The Lake Mead project is part of a recent surge in NMTC activity in Nevada, a state that – until […]

San Jose Educare Project Shows the Importance of the NMTC for Nonprofits and Community Facilities

On Friday, October 16th, Educare of California at Silicon Valley (“ECSV”) and Opportunity Fund will celebrate the recent opening of a new Educare facility in San Jose’s Santee neighborhood. The new school, which is more than 7 years in the making, will provide year-round early childhood education and care to 160 children. The project would […]

US Conference of Mayors Considering Resolution Supporting the New Markets Tax Credit

The 83rd Annual Meeting of the US Conference of Mayors begins today in San Francisco, CA, and the fate of the New Markets Tax Credit (NMTC) – a critical tool for both urban areas and small towns – is on the minds of many of the conference attendees. The program expired last December, and without […]