Chase | New Markets Tax Credit Coalition

Beloit Powerhouse, LLC

The project is building a uniquely integrated student union, recreation center, and athletic facility that will benefit generations of college students and the greater community.

As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization. A former abandoned building will soon become a new space for businesses to operate, and for community groups and residents to engage and collaborate. Approximately 88 permanent and 61 temporary full time jobs will also be created. Chase originated an $8 million New Markets Tax Credit construction loan to support revitalization efforts for the corridor. Additional financing includes a $1 million loan from the City of New Orleans Fresh Food Retailers Initiative and $900,000 in the form of two loans from the New Orleans Redevelopment Authority. The building supports Firstline Charter Schools, Broad Community Connections, Whole Foods Market, Liberty’s Kitchen, and Tulane Unviersity.

Mercado la Paloma

For decades, the residents of the diverse Figueroa Corridor in Los Angeles struggled with a lack of quality jobs and business opportunities, low educational attainment, high poverty, health issues and substandard housing conditions.

After a period of research, planning and engagement, the concept of Mercado La Paloma was born, providing hope and opportunity for the community. Esperanza Community Housing Corporation, a nonprofit organization that supports affordable housing, health, arts and sciences, education and economic development, renovated a former garment factory into a 35,000-square-foot mixed-use building. Mercado La Paloma opened its doors in early 2000, with space for retail, restaurants, local small businesses, nonprofits and art and cultural groups.

The mixed-use rehab project has been a huge success. On the ground floor they have an incubator for restaurants, basically, and a few of those restaurants have graduated to having their own freestanding restaurant elsewhere. Upstairs, they offer space to several nonprofits through Esperanza. They offer community facilities upstairs with community services while on the ground floor they offer healthy foods for the community as well as job creation with the incubator element.

Orthopedic Center for Children

Build-out of a new ambulatory surgery center and rehab another building to include an urgent care center, slinical space, research facilities and administration facilities.

Roswell Park Cancer Institute

Roswell Park Cancer Institute (RPCI), is America’s first cancer center founded in 1898 by Dr. Roswell Park. The non-profit institute has been providing hospital care to a medically underserved area in Buffalo, NY for over 100 years. With the assistance of the NMTC Program, RPCI will construct a 140,000 square foot Clinical Science Center (CSC) building on its campus. The 11-story CSC building will connect the Main Hospital to a new Research Center and expand the Institute’s Cancer Prevention program space by 100%. Benefits include space for administrative offices previously held in the Main Hospital and space for up to 10,000 additional community mammogram screenings to be performed each year. The institute also plans to work with several area nonprofit and governmental organizations to recruit low-income employees to fill jobs created by the project. NDC’s $8 million Qualified Equity Investment in the $46 million project was combined with financing and NMTC allocation from Chase Bank, Building America CDE and Dudley Ventures, resulting in the projected creation of 200 construction jobs and 340 permanent jobs.

The Witte Museum

The Witte Museum promotes lifelong learning through innovative exhibitions, programs and collections in natural history, science and South Texas heritage. NMTC financing allowed the completion of the first phase of their redevelopment project, the Witte Research Center. The Center provides a permanent home for the collection stories, programs and exhibits related to South Texas. The redevelopment will expand Witte’s already significant impact on the community by increasing display and program activity areas that are designated to engage participants in the social, cultural and economic history of the area.

Madisonville Redevelopment

Madisonville Redevelopment aims to revitalize three buildings across three city blocks in the Madisonville neighborhood of Cincinnati, Ohio. The project is the first phase of a catalytic redevelopment of the Madisonville neighborhood. The project will include 106 apartments, 11,000 square feet of renovated and expanded Federally Qualified Health Center (FQHC) space,10,000 square feet of new construction office space and 24,500 square feet of new and renovated retail space. Almost a quarter of the homes will consist of below-market workforce apartments available to households earning 80% or less of Area Median Income (AMI).

Honeywell International, Inc.

The project, located on a 57-acre site, is the design, procurement, construction and startup of a new facility to produce a low-global-warming blowing agent and propellant (technical name – 1234ze) used in insulation and aerosols. The project’s environmental benefits include: ultra-low global warming potential, zero ozone depletion potential and a near drop-in replacement of R-134a. 1234ze has been accepted for use and sale in foam and aerosols by the U.S. Environmental Protection Agency. It is also currently used in Europe and Japan, with the majority of demand coming from Europe. As a significant quality job creation and retention project, it was greatly supported by state and local governments, receiving state and local commitments through the Industrial Tax Exemption, Retention and Modernization Program and Quality Jobs Program. Honeywell’s Baton Rouge facility was built in 1945 and continues to serve as one of its main manufacturing sites for its specialty materials business. Products made at the facility are shipped to customers around the world.

Kingsley House

Kingsley House, a United Way Community Impact Partner and nationally renowned as the oldest Settlement House in the South, has served more than half a million people since it was founded in 1896. Located in the Lower Garden District of New Orleans, the social service agency provides nearly 7,000 infants, children, youth, parents and disabled and elderly from throughout southeast Louisiana a comprehensive array of nationally accredited and state certified programs. These include Head Start and Early Head Start, the Educare New Orleans early childhood education program, and programs and services for adults and seniors on the campus or in their homes.

Anderson Munger YMCA

This project entailed the new construction of a YMCA health and fitness center (approximately 29,000 square feet) in the Koreatown neighborhood of the Wilshire Center District, a low-income community within the City of Los Angeles characterized by 42% obesity rate among youth. The project will promote healthy lifestyles to low-income residents by providing low-cost youth and family recreational programs, as well as affordable after-school and summer camp programs for children. The facility will employ a total of 100 permanent jobs. Construction of the facility generated 175 jobs.