Citibank | New Markets Tax Credit Coalition

Camillus House 2

Camillus House is a full-service center offering a comprehensive system of care for the over 4,000 homeless individuals in Miami-Dade County. Founded in 1960 as a small overnight shelter to help Cuban exiles as they arrived in Miami, the organization has grown to provide services at 16 locations throughout Miami-Dade County. These services include substance abuse and mental health treatment; emergency, transitional, and permanent housing; hospitality (clothing, restrooms, showers) and food services; and healthcare through a sister organization. In 2015, Camillus House provided 350,000 free meals, treated 29,535 patients for behavioral health issues, and provided medical care to 4,200 patients. UACD provided Federal and Florida state NMTC allocation to Camillus House, the proceeds of which funded an expansion of their emergency shelter capacity by 118 beds, reactivated 28 Jail Diversion program beds, and funded an additional 120 service provision instances as part of the Lazarus Project, an outreach program for hard-to-reach homeless individuals with mental illness.

Northland Central

Northland Central is a project to redevelop a historic vacant industrial complex located in a distressed area on Buffalo’s East Side. The 239,500 square-foot facility includes the Northland Workforce Training Center, a cutting edge facility that will train over 300 local workers annually to fill manufacturing positions in machinery, welding, and transformers. The facilities will include administrative space, classrooms, and industrial labs designed to produce highly-skilled members of the local workforce who meet the requirements of the advanced manufacturing, electric utility, and clean energy industries.

McKibbin Street Industrial Center

Greenpoint Manufacturing and Design Center (GMDC) is a not-for-profit real estate developer dedicated to the preservation and creation of permanent, affordable manufacturing space for small and medium-sized industrial firms. Having successfully completed five of these projects in north Brooklyn, GMDC identified a former furniture manufacturing facility in the East Williamsburg neighborhood of Brooklyn. An innovative usage of state and local business incentives would help finance the project. The 72,000 square feet McKibbin Street Industrial Center has preserved an historic building and provided 20 built-to-suit work spaces to light manufacturing and artisinal businesses at below-market lease rates. As well as bringing positive impact to the surrounding neighborhoods, the project allows these businesses to remain in New York City and employ low-income members of the city’s immigrant population with living wage jobs. GMDC has received recognition for its historic preservation efforts on the McKibbin project, most notably the 2009 New York State Historic Preservation Award and the 2009 Building Brooklyn Award in the Historic Preservation category from the Brooklyn Chamber of Commerce.

LA Central

The La Central development (“La Central”) was designed to serve as a catalyst for economic development and will supply 992 units of much needed affordable housing, community-serving retail space and community facility space to the neighborhood. La Central NMTC utilized New Markets Tax Credits (“NMTCs”) to finance portions of the retail and community facility space, as well as portions of a an 174-space, 32,000 square foot parking garage to support the entire development.

Sharp Medical Center

NMCC contributed $15.89 million of NMTC’s for two QLICI’s totaling $15.7 million to construct a new, 68,000 sq ft replacement facility for Sharp HealthCare in downtown San Diego. The new LEED Gold facility replaced an existing, adjacent facility which had been in operation since 1926. The new building allowed Sharp to significantly expand services including uncompensated care for patients unable to pay, and unreimbursed costs of public programs such as Medicaid, Medicare, San Diego County Indigent Medical Services, Civilian Health and Medical Program of the Department of Veterans Affairs, and the regionally managed health care program for active duty and retired members of the uniformed services, their families and survivors (TRICARE). The project is in an area of high distress with a median income of 43.4% and an unemployment rate of 2.2 times the national average. Sharp was able to raise $29 million for the project, but a sizeable gap remained. NMCC used NMTCs to bridge the gap providing 2 QLICI’s at an interest rate of 1.26% interest only for 7 years.

MLK Wellness Center

The Martin Luther King Jr. Community Hospital’s (MLKCH) Wellness Center will provide much needed medical services to the residents of south Los Angeles. The $32.5 million, 52,000 square foot, medical office building will be anchored by the MLKCH Community Medical Group (MLK CMG). MLKCH is a private, nonprofit, safety-net hospital that opened in 2015 supported by a public-private partnership that includes University of California, the state of California and Los Angeles County, which built and equipped the state-of-the-art facility. The project will house MLK CMG specialists and family physicians trained in treating chronic conditions and behavioral health.

Living Rooms at the Border

Living Rooms at the Border is a 13,469 square-foot mixed-use project in the historic heart of San Ysidro, a predominantly Latino community in the City of San Diego. This economic development project also contains 10 units of affordable housing and is less than one mile from the U.S.-Mexico Border and includes expansion space for Casa Familiar’s immigration services and the El K-Fe Barista Youth Training Program. The project also includes the restoration of Our Lady of Mount Carmel Church, built in 1927, and its transformation into the El Salon multi-media theatre performing space in partnership with Teatro MÃ¡scara MÃ¡gica. – Living Rooms at the Border NMTC Investment Fund LLC – CEDEs Using NMTC (LMI Persons and LMI Areas)

Whittier Street Health Center

The Whittier Street Health Center project involved the new construction of a six-story, 78,900-square-foot community health facility for the Whittier Street Health Center Committee, Inc. Whittier is a 75-year-old, nonprofit community health clinic in the Roxbury neighborhood of Boston. The new facility replaces 33,000 square-feet of leased space in the same neighborhood and allows Whittier to serve a larger number of patients and expands the types of services offered. The project nearly doubles the size of Whittier’s clinical operations and includes complementary health services in partnership with the Dana-Farber Cancer Institute, the Whittier Pharmacy and a physical therapy office.

Mattapan Community Health Care Center

Founded in 1972, Mattapan Community Health Center (MCHC) is a private, nonprofit organization that provides high-quality medical and health education services to Boston residents, particularly for the low-income, medically underserved populations of Mattapan, Roxbury, Dorchester, and Hyde Park. MCHC currently serves over 7,000 patients annually, 81% of whom have an annual income less than or equal to 200% of the Federal Poverty Level. The long-awaited health center is more than double the size of MCHC’s old facility, and allows for enhancements to MCHC’s extensive medical and dental services, as well as mammography and behavioral health services. The new four-story LEED Silver, 59,000 square foot development includes 16,000 square feet of retail space to houses a bank branch and a new pharmacy-the only one in the immediate neighborhood.