MBS Urban Initiatives - New Markets Tax Credit Coalition

2020

Harlem, NY | 13th District

National Urban League Empowerment Center in Harlem

GS New Markets Fund NYCR-CDE

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

2020

Kearny, NJ | 9th District

KPIP Building 78 Annex

Capital One New Jersey Community Loan Fund

Rehabilitation of the former “craneway” building adjacent to the Sponsor’s existing Building 78, which will result in 90,000 sq….

2017

Kearny, NJ | 8th District

Kearny Point Building 197

GS New Markets Fund New Jersey Community Loan Fund

New construction of a single story light industrial building. Kearny Point, a 130-acre former federal shipyard transformed into an…

2019

Plainfield, NJ | 12th District

Second Street Youth Center

New Jersey Community Loan Fund

The 25,000 sq. ft. Early Childhood Educational and Community Center has been developed for lease by the Second Street…

2018

Newark, NJ | 8th District

Aerofarms – VEGS1

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…

2022

Fort Worth, TX | 25th District

Rhino Health USA

MBS Urban Initiatives Pacesetter CDE Prestamos Stonehenge Community Development Texas Mezzanine Fund

The mixed-use home and headquarters for Kone Company….

2013

Cleveland, OH | 11th District

Fairmont Creamery

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…

2019

Austin, TX | 37th District

Mission Plaza – Foundation Communities

MBS Urban Initiatives PeopleFund NMTC

This $17 million NMTC financing, in partnership with PeopleFund, MBS Urban Initiatives CDE, and US Bancorp Community Development Corporation,…

2019

Camden, NJ | 1st District

ResinTech

Cinnaire New Markets Consortium America New Jersey Community Loan Fund

Construction of new production facilties for Resintech, Inc. and ActionPak, Inc. ResinTech Inc’s facility in Camden, NJ was the…

2012

Brooklyn, NY | 7th District

Brooklyn Navy Yard, Building 128

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….

2018

Brooklyn, NY | 7th District

Brooklyn Navy Yard, Building 127

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…

2014

Brooklyn, NY | 7th District

Brooklyn Navy Yard, Building 77

BRP Dudley Ventures GS New Markets Fund

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

CDE: MBS Urban Initiatives

Project Profiles

2020

National Urban League Empowerment Center in Harlem

2020

KPIP Building 78 Annex

2017

Kearny Point Building 197

2019

Second Street Youth Center

2018

Aerofarms – VEGS1

2022

Rhino Health USA

2013

Fairmont Creamery

2019

Mission Plaza – Foundation Communities

2019

ResinTech

2012

Brooklyn Navy Yard, Building 128

2018

Brooklyn Navy Yard, Building 127

2014

Brooklyn Navy Yard, Building 77

Recent Allocation Awards (2018-2021):