CDE: TruFund

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

Rouses Market

Picayune,
MS
(2023)

Grocery and Fresh Food

CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund

NMTC loans were used to finance the acquisition and rehabilitation of a retail shopping center anchored by a Rouse’s Grocery Store in Picayune, MS.

Calhoun Liberty Hospital

Blountstown,
FL
(2024)

Healthcare, Hospitals and Emergency Services

CDE(s): CCG Community Partners, Dudley Ventures, TruFund

Rural hurricane-damaged hospital is reconstructed and now supports over 24,000 visits annually.

Global Polymer

Madison,
SD
(2024)

Manufacturing

CDE(s): CEI Capital Management, Community Development Venture Capital Alliance, Dudley Ventures, TruFund

Industrial manufacturer expands their production facility following a long-awaited advancement in polyethylene production.

Calhoun Liberty Hospital

Healthcare, Hospitals and Emergency Services

CDE(s): CCG Community Partners, Dudley Ventures, TruFund

Rural hurricane-damaged hospital is reconstructed and now supports over 24,000 visits annually.

Global Polymer

Manufacturing

CDE(s): CEI Capital Management, Community Development Venture Capital Alliance, Dudley Ventures, TruFund

Industrial manufacturer expands their production facility following a long-awaited advancement in polyethylene production.

Rouses Market

Grocery and Fresh Food

CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund

NMTC loans were used to finance the acquisition and rehabilitation of a retail shopping center anchored by a Rouse’s Grocery Store in Picayune, MS.

Fine Fare

Grocery and Fresh Food

CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund

New grocery store in the Bronx brings healthy-food access and jobs to residents

Lift Orlando’s Heart of West Lakes Wellness Center

Orlando,
FL
(2021)

FQHCs

CDE(s): Black Business Investment Fund, TruFund

Finances tenant improvements, equipment purchases and closing costs associated with the expansion of a company’s Orlando location. The expanded facility will allow it to expand its research and development for

Eagle Valley Behavioral Health

Edwards,
CO
(2023)

FQHCs

CDE(s): Capital One, Colorado Enterprise Fund, Colorado Growth and Revitalization Fund, Stonehenge Community Development, TruFund

Supported the construction of a new facility to provide mental health inpatient psychiatric care and remodeling an adjacent facility to provide outpatient psychiatric care in a Medically Underserved Area.

Dream Charter School

Bronx,
NY
(2022)

Healthcare, Schools

CDE(s): NYCR-CDE, TruFund, USBCDE

This project will finance the redevelopment of the historic and iconic “History Channel Building,”previously vacant for more than 20 years, into a 188,181 sq. ft. educational facility in the Mott

Custom Foods of America, Inc.

Knoxville,
TN
(2023)

Manufacturing

CDE(s): CCG Community Partners, Mid-City Community CDE, National New Markets Fund, TruFund, Truist

NMTC allocation helped Custom Foods of America (CFA) finance a 50% expansion of their 350K sq. ft. Knoxville, TN production campus. CFA manufactures soups and sauces for chain restaurants and

YouthBuild Philadelphia Charter School

Philadelphia,
PA
(2023)

Schools

CDE(s): Chase, Consortium America, PIDC Community Capital, TruFund

ERF allocation helped finance the purchase and installation of equipment, as well as provide working capital for the Charter School. The overall project will finance the redevelopment of a 36,000-sf

Neighborhood Health Center

Fort Wayne,
IN
(2023)

FQHCs

CDE(s): CCG Community Partners, Dudley Ventures, Fort Wayne New Markets Revitalization Fund, TruFund

Founded in 1969, Neighborhood Health Clinics (“NHC”) is a federally qualified health center that provides comprehensive medical, dental, optometry, and integrated behavioral health services to the people of Fort Wayne,

University Charter School

Livingston,
AL
(2023)

Healthcare, Schools

CDE(s): PNC, TruFund, United Bank of Alabama, United Fund Advisors

Opened in 2018, UCS is a non-profit PreK-12 charter school in Livingston, Alabama. This small town is anchored by the University of Western Alabama (UWA), and the school currently shares

Grand Concorse Fordam

Bronx,
NY
(2023)

Mixed-use

CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund

The Grand Concourse project (minority-owned real estate development firm) will bring a Fine Fare grocery store in the Bronx, NY. The ERF allocation will help fund the purchase and rehabilitation

Dole Foods Bessemer Expansion

Bessemer City,
NC
(2007)

Business Development, Food Manufacturing, Manufacturing

CDE(s): TruFund, USBCDE

NMTC financing supported 900 jobs in Bessemer City.

Pitkin Avenue Theatre Redevelopment

Brooklyn,
NY
(2010)

Mixed-use, Retail, Schools

CDE(s): Carver National Bank, Nonprofit Finance Fund, Rose Urban Green Fund, TruFund

The redevelopment of the Pitkin Avenue Theatre in Brownsville Brooklyn into a mixed-use project.

Williams Sausage Company Breaks Ground on New Factory and Receives New Markets Tax Credits to Finance Major Expansion

Business Development, Manufacturing, Rural

CDE(s): Chase, Community Impact Fund, Pacesetter CDE, Stonehenge Community Development, TruFund

Work Begins on New Arts Education Center in Newburgh

Arts, Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): TruFund

Fine Fare Brooklyn

Brooklyn,
NY
(2023)

Grocery and Fresh Food, HFFI

CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund

Financing for the owner of a Fine Fare Supermarkets in Brooklyn to purchase the building she had leased for 13 years. The purchase will stabilize occupancy costs, secure a long-term

James H. Bason

CDE(s): TruFund

President | Chief Executive Officer, TruFund Financial Services James H. Bason sets and refines the broad strategic direction for the organization and leads a highly collaborative team in the execution

UHS VIA Linda Project

Scottsdale,
AZ
(2021)

Addiction Treatment, Behavioral Health, Community, Healthcare, Hospitals and Emergency Services, Indian Country

CDE(s): Phoenix Community Development and Investment Corporation, TruFund

Empowerment Reinvestment Fund provided financing to help finance the new construction of a 72,650 sq. ft., 120-bed community hospital located in the Salt River Pima-Maricopa Indian Community of the Salt

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.

Eastman School of Music

Rochester,
NY
(2009)

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

CDE(s): Grow America, TruFund

The renovation of the Eastman Theatre preserved the Italian Renaissance grandeur of the building’s performance hall, re-named Kodak Hall, while ushering in 21st century improvements, including a state-of-the-art sound system

Community Medical Centers

Fresno,
CA
(2008)

Community, FQHCs, Healthcare, Hospitals and Emergency Services

CDE(s): Citibank, TruFund, United Fund Advisors

Community Medical Centers, the largest and most comprehensive hospital system in California’s San Joaquin Valley, developed the Deran Koligian Ambulatory Care Center to increase medical services to surrounding underserved communities.

Loving Arms Home Care Agency

Memphis,
TN
(2020)

Adult Education, College or Vocational Training, Community, COVID-19, Disability Services, Disaster Recovery, Healthcare

CDE(s): TruFund, USBCDE

Finances working capital and expansion plans for Loving Arms, LLC, a minority owned business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual

Center for Food Education

Birmingham,
AL
(2020)

Adult Education, College or Vocational Training, Community, Food Manufacturing, Manufacturing, Vocational Training

CDE(s): Hope Enterprise, TruFund

Financing for a multi-use facility that anchors Jones ValleyTeaching Farm and creates an inviting permanent infrastructure that will reach more students, teachers, and surrounding community members—locally, regionally, and nationally.

Boys and Girls Club of Newburgh

Newburgh,
NY
(2019)

Arts, Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): TruFund

NMTC financing supported the renovation of several buildings for the Boys and Girls Club of Newburgh.

Girls Leadership Academy of Wilmington

Wilmington,
NC
(2018)

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

CDE(s): TruFund, Truist

The Girls Leadership Academy of Wilmington is a charter school affiliated with the Young Women's Leadership Network. Through generous support from the local community, the school is constructing a 60,000

Williams Sausage

Union City,
TN
(2017)

Business Development, Manufacturing, Retail, Rural

CDE(s): Chase, Community Impact Fund, Pacesetter CDE, Stonehenge Community Development, TruFund

Financing for the equipping of a manufacturing production facility, cold and dry storage, disbution center, truck maintenance hsop and new corporate offices.

Thomasville Regional Medical Center

Thomasville,
AL
(2018)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): Dudley Ventures, Hancock Whitney New Markets Fund, TruFund

Thomasville Regional Medical Center, LLC, in partnership with the City of Thomasville, constructed a $44.3 million, 68,320 sq. ft. new hospital in rural Thomasville, Alabama.

Pueblo YMCA

Pueblo,
CO
(2007)

Community, Daycare and Early Childhood, Library, Recreation, YMCAs and YWCAs, Youth and Families, Youth Program

CDE(s): TruFund

Construction of a 20,000 sq. ft. community facility for the YMCA in Pueblo, CO as part of a larger YMCA campus.

Madison Square Boys & Girls Club

New York,
NY
(2017)

Boys and Girls Clubs, Community, Community Center, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): Nonprofit Finance Fund, NYC Neighborhood Capital Corporation, PNC, TruFund

A new, $48 million, 50,000-sq. ft. youth recreation and academic support center in Central Harlem, Manhattan, one of the most underserved urban neighborhoods in the country.

Romark Global Pharma

Manati,
PR
(2018)

Business Development, Community, Disaster Recovery, Healthcare, Irma, Manufacturing, Maria

CDE(s): Capital One, Grow America, Mid-City Community CDE, Stonehenge Community Development, TruFund

NMTC financing supported the rehabilitation of a former warehouse into a 40,000 square foot pharmaceutical manufacturing plant where it produces Alinia, a prescription drug that treats illnesses caused by Crypotsporidium

National Comedy Center

Jamestown,
NY
(2017)

Arts, Community, Museums, Rural

CDE(s): Empire State Development Corporation, Mascoma Community Development, TruFund

New national attraction generates laughs and investment in Jamestown, New York

Chaucer Foods Hood River

Hood River,
OR
(2012)

Environment, Food Manufacturing, Manufacturing, Rural

CDE(s): TruFund, Wells Fargo

Financing to open a new freeze-dried food processing facility in Hood River.