CDE: Local Initiatives Support Corporation

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

Unicom-X

Deering,
AK
(2023)

Broadband

CDE(s): Alaska Growth Capital, Local Initiatives Support Corporation

Unicom, Inc., (a GCI Communication Corp. (GCI) subsidiary) is expanding broadband internet into two rural, Alaska Native communities (Deering and Kivalina) in Alaska’s Northwest Arctic Borough. Building on more than

Unicom X

Broadband

CDE(s): Alaska Growth Capital, Local Initiatives Support Corporation

NMTC Investment Expands Broadband Access for Alaska Native Communities

Lac Courte Oreilles Community Health

FQHCs, Healthcare, Indian Country

CDE(s): Forward Community Investments, IFF, Impact Seven, Local Initiatives Support Corporation, USBCDE

Lac Courte Oreilles Band of Lake Superior Chippewa Indians of Wisconsin builds a tribal state-of-the-art clinic addressing healthcare, behavioral health, dental and pharmaceutical needs

Detroit People’s Food Commons Development

Detroit,
MI
(2022)

Community, Incubator, Mixed-use

CDE(s): Local Initiatives Support Corporation, Michigan Community Capital, USBCDE

This project will finance the construction of a 31,000 sq. ft. multi use development of a co-op grocery store in the Central Woodward neighborhood of Detroit, Michigan.

MLK Community Hospital (MLKCH)

Los Angeles,
CA
(2023)

Hospitals and Emergency Services

CDE(s): Clearinghouse CDFI, Ecotrust, Local Initiatives Support Corporation, Urban Action Community Development

Urban Action Community Development (“UACD”) deployed $8.75 million in Round 18 NMTC allocation to the Martin Luther King Jr Community Healthcare (“MLKCH” and “Hospital”) located in the heart of South

Lac Courte Oreilles Community Health Center

Hayward,
WI
(2023)

FQHCs, Indian Country

CDE(s): Forward Community Investments, IFF, Impact Seven, Local Initiatives Support Corporation, USBCDE

Lac Courte Oreilles Band of Lake Superior Chippewa Indians of Wisconsin builds a tribal state-of-the-art clinic addressing healthcare, behavioral health, dental and pharmaceutical needs

Bay Area Tech High School

Oakland,
CA
(2023)

Schools

CDE(s): Local Initiatives Support Corporation, Raza Development Fund, Wells Fargo

NMTC funding was used for the purchase and redevelopment of a 22,000 sq. ft. abandon historic theater. The space will be occupied by Bay Tech STEM, an established charter school.

Child Advocacy Center of BestSelf

Buffalo,
NY
(2022)

Behavioral Health, Community, FQHCs

CDE(s): Local Initiatives Support Corporation

This transaction supports for the new home for the Erie County Child Advocacy Center and headquarters for BestSelf. BestSelf Behavioral Health is the largest community-based additional program locations. BestSelf is

The Crossing at Brick Church

East Orange,
NJ
(2022)

FQHCs, Mixed-use

CDE(s): Dudley Ventures, Enterprise Community Partners, Local Initiatives Support Corporation, Mid-City Community CDE, New Jersey Community Loan Fund, PNC, The Reinvestment Fund, Urban Action Community Development

The Crossings at Brick Church Station is an urban, mixed-use redevelopment anchored by a 68,000 sq. ft. ShopRite Supermarket, 24,000 sq. ft. of retail space including 2,000 sq. ft. of

DTN Ventures

Mesa,
AZ
(2021)

Business Development

CDE(s): Local Initiatives Support Corporation

New building allows business to expand in Mesa.

Highland Baking Company (2023)

Spartenburg,
SC
(2023)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Chase, Local Initiatives Support Corporation, National New Markets Fund, Urban Action Community Development

NMTC financing helped expand the Highland Baking Company plant in Spartanburg, South Carolina.

Escalante Meadows

Guadalupe,
CA

Affordable Housing, Community Center, Daycare and Early Childhood, Homeless Services, Nonprofit Hub

CDE(s): Enterprise Community Partners, Local Initiatives Support Corporation, PNC

The Housing Authority of the County of Santa Barbara (HACSB) is the largest property management organization for affordable housing in Santa Barbara County and a leader in supporting low-income families

A.G. Rhodes Cobb County

Marietta,
GA
(2022)

Healthcare, Nursing Homes and Hospice

CDE(s): Enterprise Community Partners, Local Initiatives Support Corporation, Rose Urban Green Fund, The Reinvestment Fund

The project will allow the region's oldest mission-driven nonprofit skilled nursing operator to provide high quality skilled nursing, memory care, and outpatient. services.

College Park

Jacksonville,
FL
(2022)

Business Development, Community, Grocery and Fresh Food, HFFI, Retail, Retail and Commercial

CDE(s): Local Initiatives Support Corporation, RBC Community Development

The $18 million rejuvenation of a shopping center creates over 100 jobs in Jacksonville, FL

BDB Enterprises

Riverside,
CA
(2021)

Professional Services, Retail

CDE(s): Local Initiatives Support Corporation

NMTC financing supported two operating companies.

Bethany House Services

Cincinnati,
OH
(2021)

College or Vocational Training, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Nonprofit Hub, Vocational Training, Youth Program

CDE(s): Cincinnati Development Fund, Local Initiatives Support Corporation, PNC

Bethany House Services used NMTC financing to construct a new 222-bed homeless shelter facility and comprehensive services center to significantly streamline its operations and expand its physical capacities.

Augusta Hub for Community Innovation

Augusta,
GA
(2021)

Boys and Girls Clubs, Community, Daycare and Early Childhood, FQHCs, HFFI, Incubator, Nonprofit Hub, Recreation

CDE(s): Carver State Bank, CRFUSA, Local Initiatives Support Corporation, Truist

The HUB for Community Innovation is an outreach center in Augusta’s Harrisburg community.

The entrepreneur who built an empire from a gas station

Business Development, Manufacturing, Warehouse and Wholesale

CDE(s): Local Initiatives Support Corporation

Daltons Aura Fabricators Expands to Fergus

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): Local Initiatives Support Corporation

$15 Million Center to be Built in Central Falls will offer One Stop Health Care

Community, FQHCs, Healthcare

CDE(s): Local Initiatives Support Corporation, Morgan Stanley

Citylink Center Opens in Cincinnati to Combat Poverty

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Healthcare, Mixed-use, Nonprofit Hub, Youth and Families

CDE(s): Local Initiatives Support Corporation, PNC

A Plus Gutter

Commerce,
CA
(2021)

Retail

CDE(s): Local Initiatives Support Corporation

The borrower was created in 2018 to purchase real estate at 4515 Dunham street for the OC (A Plus Gutter Systems) to operate out of. The Borrower will use the

100 Public Square

Cleveland,
OH
(2007)

Community, Healthcare

CDE(s): Cleveland Development Advisors, Consortium America, Local Initiatives Support Corporation

The project is a collaborative public/private effort to dramatically update the 10-acre Public Square into a catalytic, dynamic, world-class public space in the heart of downtown Cleveland.

Destination Crenshaw

Los Angeles,
CA
(2021)

Arts, College or Vocational Training, Incubator, Museums

CDE(s): BSD Capital, Building America CDE, Local Initiatives Support Corporation, USBCDE

A reparative development, open-air museum project and one of the largest black public art projects in the U.S.

Build, INC

Chicago,
IL
(2022)

Youth and Families

CDE(s): Chase, Chicago Development Fund, IFF, Local Initiatives Support Corporation

Construction of a headquarters for BUILD, a nonprofit that has worked for more than 50 years to help young people on the West Side of Chicago overcome systemic obstacles to

Grace Community Health Center

Corbin,
KY
(2021)

Behavioral Health, Community, FQHCs

CDE(s): Capital One, Community Health Center Capital Fund, Local Initiatives Support Corporation

The project will renovate an existing single floor 84,194 sq. ft. former K-Mart building.

Jackson County Austism

Marianna,
FL
(2021)

College or Vocational Training, Recreation, Vocational Training

CDE(s): Local Initiatives Support Corporation

New construction of an Autism Center, run by Endeavor Forward, the nonprofit, exclusive provider of Autism services of Jackson County.

Matt Josephs

CDE(s): Local Initiatives Support Corporation

Matt Josephs is the Senior Vice President for Policy for The Local Initiatives Support Corporation (LISC). LISC is a national non-profit organization that provides financial investments, policy support, and technical

Boys and Girls Club of San Antonio – May’s Family Clubhouse

San Antonio,
TX
(2017)

Boys and Girls Clubs, Community, Recreation, Youth and Families

CDE(s): Local Initiatives Support Corporation

Financing for the Boys and Girls Club of San Antonio - May’s Family Clubhouse

The Equity Project Charter School

New York,
NY
(2016)

Community, Schools, Youth and Families

CDE(s): Capital One, Local Initiatives Support Corporation

Construction of a 6-story facility with 16 classrooms, commercial kitchen & cafeteria, gym, green roof.

Alstom Transportation

Hornell,
NY
(2021)

Business Development, Manufacturing, Rural

CDE(s): Bluehub, Chase, Community Development Venture Capital Alliance, Hampton Roads Ventures, Local Initiatives Support Corporation, Rural Development Partners

RDP allocated $10M in NMTCs to help Alstom expand their specialized manufacturing equipment line to rural America, and continue investing in Hornell (NY) as a key long-term U.S.

Powel Elementary School and Science Leadership Academy Middle School

Philadelphia,
PA
(2019)

Community, Schools

CDE(s): Building America CDE, Local Initiatives Support Corporation, PIDC Community Capital, PNC

To expand educational opportunities for children and support families in West Philadelphia, Drexel University undertook the challenge of expanding the capacity and improving the facilities of two existing neighborhood public

Community Care Center

Brunswick,
GA
(2012)

Behavioral Health, Community, Dental Services, Healthcare

CDE(s): Chase, Local Initiatives Support Corporation

The Local Initiatives Support Corporation, in partnership with Chase, provided $14.25 million in NMTCs to Southeast Georgia Health System’s Community Care Center.

Garden Grove Commerce Park

Garden Grove,
CA
(2018)

Business Development, Manufacturing

CDE(s): Local Initiatives Support Corporation

The NMTC supported light industrial space outfitted for multiple manufacturers.

The Center for Pursuit

Houston,
TX
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Disability Services, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Mixed-use, Nonprofit Hub, Restaurants and Catering, Retail, Retail and Commercial, Shelters and Community Food

CDE(s): Local Initiatives Support Corporation, PeopleFund NMTC, Texas Mezzanine Fund, Urban Development Fund (Aries Capital)

Financing to acquire, develop, construct and lease certain improvements on a campus providing services for persons with intellectual and developmental disabilities.

Anna Julia Cooper Episcopal School

Richmond,
VA
(2020)

Community, Private School, Religious Organizations, Schools

CDE(s): Capital One, Local Initiatives Support Corporation

The project expands AJCES with a new building and gymnasium on a site adjacent to its existing school building.