CDE: GS New Markets Fund

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

National Urban League Empowerment Center in Harlem

Harlem,
NY
(2020)

Affordable Housing, Arts, Museums, Nonprofit Hub, Youth Program

CDE(s): GS New Markets Fund, NYCR-CDE

NMTC allocation to assist with the construction of the National Urban League Empowerment Center.

Kearny Point Building 197

Kearny,
NJ
(2017)

Incubator, Manufacturing

CDE(s): GS New Markets Fund, New Jersey Community Loan Fund

A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

Aerofarms – VEGS1

Newark,
NJ
(2018)

Timber and Agriculture

CDE(s): GS New Markets Fund, MBS Urban Initiatives, New Jersey Community Loan Fund

Improvement of a light industrial building and its temperature control systems to improve the operations of aeroponic vertical farming company; Industrial facility anchored by fresh food grower and distributor.

$250M Lighthouse Point project taking shape on Staten Island waterfront

Community, Disaster Recovery, Grocery and Fresh Food, Healthcare, HFFI, Incubator, Mixed-use, Retail, Retail and Commercial, Sandy, Transit Oriented Development

CDE(s): CCG Community Partners, GS New Markets Fund, United Fund Advisors

Fairmont Creamery

Cleveland,
OH
(2013)

Housing, Mixed-use, Recreation

CDE(s): Cleveland Development Advisors, GS New Markets Fund

The 5-story Fairmont Creamery was constructed in 1930 and has been vacant since 1980. In addition to providing much needed housing and commercial space for the neighborhood, the redevelopment of

Brooklyn Navy Yard, Building 128

Brooklyn,
NY
(2012)

Business Development, Incubator, Manufacturing, Science and Tech

CDE(s): Empire State Development Corporation, GS New Markets Fund, TruFund

Three CDEs turned a deserted, rotted-out structure and turned it into a hub for job creation.

Brooklyn Navy Yard, Building 127

Brooklyn,
NY
(2018)

Arts, Business Development, Community, Manufacturing, Mixed-use, Mixed-use and Commercial, Theaters and Performing Arts Spaces

CDE(s): Dudley Ventures, GS New Markets Fund, MBS Urban Initiatives, NYC Neighborhood Capital Corporation, NYCR-CDE

Renovation of Building 127 into a light industrial and innovative office space

Brooklyn Navy Yard, Building 77

Brooklyn,
NY
(2014)

Business Development, College or Vocational Training, Community, Healthcare, Incubator, Manufacturing, Vocational Training

CDE(s): BRP, Dudley Ventures, GS New Markets Fund

NMTC financing transforms vacant structure into world-class center for manufacturing and workforce development.

Wheatley School Facility Foundation, Inc.

New Orleans,
LA
(2013)

Affordable Housing, Community, Healthcare, Housing, Schools, Theaters and Performing Arts Spaces, Youth and Families

CDE(s): GS New Markets Fund, MBS Urban Initiatives

The Phillis Wheatley pre-K-8 School project brought a state-of-the-art facility to the impoverished Iberville-Tremé neighborhood of New Orleans.

David L. Podell House – Educational Alliance of NY

New York,
NY
(2012)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Mixed-use, Youth and Families

CDE(s): Consortium America, Dudley Ventures, GS New Markets Fund, MBS Urban Initiatives

A $51.5 million one-of-a-kind community facility is now home to early childhood education programs, youth development and education programs, mental health counseling, art education programs for young artists and seniors,

Aerofarms/Makers Village

Newark,
NJ
(2015)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, HFFI, Incubator, Manufacturing, Retail

CDE(s): Dudley Ventures, GS New Markets Fund

AeroFarms, a mission-driven company, developed a 69,000 sq. ft. industrial site into the world's largest indoor vertical farm for baby leafy greens, producing up to 2 million pounds annually.

Lighthouse Point

Staten Island,
NY
(2016)

Community, Disaster Recovery, Grocery and Fresh Food, Healthcare, HFFI, Incubator, Mixed-use, Retail, Retail and Commercial, Sandy, Transit Oriented Development

CDE(s): CCG Community Partners, GS New Markets Fund, United Fund Advisors

Mixed-use development brought fresh food, accessible healthcare and job opportunities to a highly distressed community in the South Bronx.

Flance Early Learning Center

Saint Louis,
MO
(2013)

Community, Daycare and Early Childhood, FQHCs, Healthcare, Youth and Families

CDE(s): GS New Markets Fund

An innovative community facility that offers exceptional care and education for 154 children and their families in a child-focused, center-based, and diverse learning environment.

The Armory – Gerding Theater

Portland,
OR
(2004)

Arts, Community, Historic Rehabilitation, Theaters and Performing Arts Spaces

CDE(s): Catalyst Investment Fund, GS New Markets Fund

A broad coalition of project partners envisioned a historic rehabilitation of the unique building as a world class theater and community space, designed to achieve the US Green Building Council's

Halsey Street Teachers Village Workforce Housing A

Newark,
NJ
(2012)

Community, Daycare and Early Childhood, Grocery and Fresh Food, HFFI, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

CDE(s): Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

The $64 million Halsey Street Workforce Housing project was the second phase of a larger Teachers Village development designed to revitalize downtown Newark, one of the country's most economically depressed

Halsey Street Teachers Village Worforce Housing B

Newark,
NJ
(2018)

Community, Daycare and Early Childhood, Grocery and Fresh Food, HFFI, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

CDE(s): Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey.

The ReFresh Project

New Orleans,
LA
(2013)

Community, Community Kitchen, Food Manufacturing, HFFI, Manufacturing, Mixed-use, Retail, Schools

CDE(s): Chase, GS New Markets Fund

As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization.

Odyssey House Louisiana

New Orleans,
LA
(2017)

Addiction Treatment, Behavioral Health, Community, Community Kitchen, Culinary Entrepreneurship, Disaster Recovery, Food Bank or Pantry, FQHCs, Healthcare, Historic Rehabilitation, Historic Tax Credit, Homeless Services, Katrina, Shelters and Community Food

CDE(s): Enterprise Community Partners, GS New Markets Fund

Abandoned automotive facility transformed into health center, empowering people to overcome addiction.

City Point

Brooklyn,
NY
(2012)

Affordable Housing, Grocery and Fresh Food, HFFI, Mixed-use, Retail, Retail and Commercial

CDE(s): GS New Markets Fund, United Fund Advisors

Catalytic multi-use development generates thousands of jobs, provides affordable housing, and brings fresh food and retail opportunities to an underserved neighborhood in Brooklyn, NY.

Triangle Plaza Hub

Bronx,
NY
(2013)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Grocery and Fresh Food, Healthcare, HFFI, Mixed-use, Retail, Retail and Commercial, Youth and Families

CDE(s): GS New Markets Fund, Low Income Investment Fund, United Fund Advisors

Mixed-use development to bring fresh food, accessible healthcare and job opportunities to a highly distressed community in the South Bronx.