CDE: Raza Development 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

Esperanza – Brighton Park

Chicago,
IL
(2018)

Behavioral Health, Community, COVID-19, Disaster Recovery, FQHCs, Healthcare

CDE(s): Chicago Development Fund, PNC, Raza Development Fund

Trusted provider, Esperanza, provides health and hope to Chicago’s under-served communities

Cristo Rey – Milwaukee

Milwaukee,
WI
(2019)

Community, Daycare and Early Childhood, FQHCs, Grocery and Fresh Food, Healthcare, Private School, Religious Organizations, Retail, Retail and Commercial, Schools, Targeted Populations, Youth and Families, Youth Program

CDE(s): First-Ring Industrial Redevelopment Enterprise, Forward Community Investments, Raza Development Fund, USBCDE

Construction of a 106,369 sq. ft. educational facility on donated property.

Casa De Maryland, Baltimore

Baltimore,
MD
(2019)

Adult Education, College or Vocational Training, Community, Theaters and Performing Arts Spaces, Vocational Training

CDE(s): Raza Development Fund, The Reinvestment Fund

A $14M renovation project in Southeast Baltimore to turn the former Belnord Theater into an employment center for city residents.

Latino Network’s La Plaza Esperanza

Portland,
OR
(2023)

Healthcare, Nonprofit Hub

CDE(s): PNC, Raza Development Fund

The La Plaza Esperanza project, is the new construction of an 18,000 sq. ft. community center. The project is located in the poorest area of Multnomah County, the Rockwood neighborhood.

Coastal Bend Food Bank

Corpus Christi,
(2022)

CDE(s): Capital Impact Partners, Raza Development Fund, Texas Mezzanine Fund, USBCDE

Coastal Bend Food Bank, a nonprofit providing emergency food assistance across an eleven-county service area in South Texas, constructed an approximately 108,200 sq. ft. warehouse and distribution center to increase

Tennessee Justice Center

Nashville,
TN
(2022)

Community

CDE(s): Raza Development Fund

The Tennessee Justice Center provides free legal representation in civil cases to 1,700 low-income clients each year from across Tennessee, principally in cases involving access to health care, nutrition assistance

Food Bank Of Rio Grande Valley

Pharr,
TX
(2012)

Shelters and Community Food

CDE(s): Raza Development Fund

Expanding Food Bank Services in Pharr

Project Everest

Water Valley,
MS
(2020)

Adult Education, College or Vocational Training, Community, Incubator, Mixed-use, Nonprofit Hub, Rural

CDE(s): Raza Development Fund

Multi-Tenant Education and Technology Innovation Hub that expands coding-education and workforce training opportunities for an underserved diverse population in rural Mississippi.

St. Vincent de Paul

Atlanta,
GA
(2020)

Community, Daycare and Early Childhood, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families

CDE(s): Raza Development Fund

The build out of a 25,500 sq ft community facility that quadruples the existing direct client serving space.

Lawrence CommunityWorks

Lawrenceville,
MA
(2024)

Community, FQHCs, Grocery and Fresh Food, Healthcare, Retail, Retail and Commercial

CDE(s): Mascoma Community Development, Raza Development Fund

Lawrence CommunityWorks is set to transform this historic mill into a hub of activity and growth.

Youth Orchestra of LA (YOLA)

Inglewood,
CA
(2019)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Genesis LA CDE, Raza Development Fund

NMTC financing rehabilitates and transforms an existing 18,000 sq. ft. commercial building into a music education facility and community center for low-income youth.

Mountain Park Heatlh Center – Jesse Owens Clinic

Phoenix,
AZ
(2024)

FQHCs

CDE(s): Raza Development Fund

Elevating Healthcare Access in South Phoenix

Interfaith Dental Clinic 2

Nashville,
TN
(2018)

Community, Healthcare, Nonprofit Hub

CDE(s): Raza Development Fund, Truist

The clinic is undertaking an $8 million renovation of the 30,000 sq. ft. Aladdin Industries building on Murfreesboro Road, where it will be joined by Prevent Child Abuse Tennessee and

Mountain Park Heatlh Center

FQHCs

CDE(s): Raza Development Fund

Elevating Healthcare Access in South Phoenix

Canal Alliance

San Rafael,
CA
(2023)

Healthcare, Mixed-use

CDE(s): Chase, Raza Development Fund

Acquisition and rehabilitation of the former Grand Marina Building to serve as the organization’s new headquarters and key service location. Rehab of an existing two-story building on approximately one acre

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.

Jerry Smith Community Wellness Center

Reno,
NV
(2023)

FQHCs, Healthcare

CDE(s): Accion Opportunity Fund, Raza Development Fund

Northern Nevada HOPES' new community wellness center prepares to serve 12,000 residents

Family and Children’s Service celebrates opening of new facility named for Honey Alexander

Healthcare, Youth and Families

CDE(s): Raza Development Fund

Honey Alexander Center – Family and Children’s Services

Nashville,
TN
(2018)

Community, Healthcare, Youth and Families

CDE(s): Raza Development Fund

The 2400 Clifton Ave. building, dubbed the Honey Alexander Center, is 32,000 sq. ft. and includes a crisis call center that can handle more than 60,000 calls per year, a

Trinity Basin Prep

Fort Worth,
TX
(2018)

Municipal Facilities, Schools

CDE(s): Capital One, Raza Development Fund

A $7 million federal NMTC financing to construct the first phase of the new Trinity Basin Prep charter school in Fort Worth, TX.

Greater Lawrence Community Action Council Childcare Center

Lawrence,
MA
(2021)

Community, Healthcare, Youth and Families

CDE(s): Raza Development Fund

The construction of a new two-story, 30,000 sq. ft. modern, child-oriented facility that will improve the quality of education, child safety and functionality for the children and staff, replacing a

Yakima Valley Farmworkers Clinic

Portland,
OR
(2021)

Behavioral Health, Community, FQHCs

CDE(s): Raza Development Fund

The project supports the construction of a new 2-story, 36,000 sq. ft. medical and dental clinic that will replace an existing facility that is only 10,000 sq. ft.

Amy Laughlin

CDE(s): Raza Development Fund

Amy Laughlin joined Raza Development Fund in 2023 as Senior Director of New Markets Tax Credits. In this role, she is responsible for setting the strategic direction for the NMTC

Mater Grove Academy

Miami,
FL
(2017)

Community, Schools

CDE(s): Raza Development Fund, Truist

Construction financing for two school buildings totaling 54,000 sq. ft.

Woodlawn/I3 Academy Charter School

Birmingham,
AL
(2020)

Behavioral Health, Community, Dental Services, Healthcare, Schools

CDE(s): Raza Development Fund

The rehabilitation and new construction of a public charter elementary school.

Sociedad Latina

Boston,
MA
(2019)

Adult Education, College or Vocational Training, Community, Historic Rehabilitation, Vocational Training

CDE(s): Raza Development Fund

The renovation of a historic building in Boston's Mission Hill/Roxbury neighborhood, in which it has been operating for 35 years.

Shelton YMCA

Shelton,
WA
(2019)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Recreation, Rural, Targeted Populations, YMCAs and YWCAs, Youth and Families

CDE(s): Capital One, Raza Development Fund

The project is the construction of a new 37,000-sf facility.

Tiburcio Vasquez Health Center – Ashland Community Clinic

San Leandro,
CA
(2013)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Parks and Forests

CDE(s): Chase, Raza Development Fund

Thanks in part to NMTC financing, in 2014, Tiburcio Vasquez Health Center opened the Ashland Community Clinic, a 20,000 sq. ft. state-of-the-art facility that houses primary medical and dental, mental

Lexington Regional Health Center

Lexington,
NE
(2015)

Adult Daycare, Behavioral Health, Community, FQHCs, Healthcare, Hospitals and Emergency Services, Nursing Homes and Hospice, Rural

CDE(s): Raza Development Fund

NMTC financing supported the construction of the Lexington Regional Health Center

BakerRipley East End Business and Employment Center

Houston,
TX
(2017)

Incubator, Office, Retail, Retail and Commercial

CDE(s): Capital One, Raza Development Fund

Financing for a Business and Employment Center.

East Topeka Learning Center

East Topeka,
KS
(2018)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Raza Development Fund

Financing through the NMTCS program to develop the center, which focuses on adult education, on a 6-acre former Army Reserve property at 2014 S. E. Washington.

Cristo Rey Dallas College Prep

Dallas,
TX
(2019)

Community, Daycare and Early Childhood, Schools, Youth and Families

CDE(s): Capital One, Dallas Development Fund, Raza Development Fund

The construction and equipping of a new 41,000 sq. ft. facility that encompasses an upgraded arts space, new cultural art center, social work/counseling department, kitchen and dining space, and a

Berea College

Berea,
KY
(2017)

Adult Education, College or Vocational Training, Community, Rural, Vocational Training

CDE(s): Raza Development Fund

This project was for a phase in the largest capital expenditure in Berea's history.

Cristo Rey Jesuit High School Breaks Ground On New $33 Million School

Community, Schools, Youth and Families

CDE(s): First-Ring Industrial Redevelopment Enterprise, Forward Community Investments, Raza Development Fund, USBCDE

Construction of a 106,369 sq. ft. educational facility on donated property.

Whats Behind the New Charter School I3 Academy Coming to Woodlawn in 2020

Community, Healthcare, Schools, Youth and Families

CDE(s): Raza Development Fund

The rehabilitation and new construction of a public charter elementary school.

Casa de Maryland to Break Ground On $14M Employment Hub

College or Vocational Training, Community, Historic Rehabilitation, Theaters and Performing Arts Spaces

CDE(s): Raza Development Fund, The Reinvestment Fund

A $14M renovation project in Southeast Baltimore to turn the former Belnord Theater into an employment center for immigrant and minority city residents.