CDE: University Financial Corp.

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

The Historic Coliseum Building

Minneapolis,
MN
(2024)

Business Development, Historic Rehabilitation, Mixed-use and Commercial

CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

NMTC financing from MMCDC will help build a more equitable economic future for Minneapolis

George Modular

Minneapolis,
MN
(2024)

Manufacturing

CDE(s): CRFUSA, University Financial Corp., USBCDE

Much-needed investment by an innovative manufacturer provides economic boost for north Minneapolis, Minnesota community.

George Modular

Manufacturing

CDE(s): CRFUSA, University Financial Corp., USBCDE

Much-needed investment by an innovative manufacturer provides economic boost for north Minneapolis, Minnesota community.

The Historic Coliseum Building

Business Development, Historic Rehabilitation, Mixed-use and Commercial

CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

NMTC financing from MMCDC will help build a more equitable economic future for Minneapolis

V3 Sports Center Phase 1

Minneapolis,
MN
(2023)

Recreation

CDE(s): University Financial Corp.

Gap Financing Loan to V3 Sports Inc.

Historic Coliseum Building project

Minneapolis,
MN
(2023)

Business Development, Incubator, Racial Equity, Targeted Populations

CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

The NMTC financed facility aims to help community members realize their dreams by lifting up local BIPOC artists, while offering some permanent offices and several co-working spaces.

Minneapolis American Indian Center

Minneapolis,
MN
(2022)

Community, Healthcare, Indian Country

CDE(s): Midwest Minnesota CDC, Old National CDE Corporation, University Financial Corp.

NMTC financing for the renovation and expansion of the Minneapolis American Indian Center (MAIC), a nonprofit community center in the heart of the American Indian community of Minneapolis providing comprehensive

Climate by Design International, Inc.

Owatonna,
MN
(2022)

Manufacturing

CDE(s): Mascoma Community Development, Midwest Minnesota CDC, University Financial Corp.

The acquisition of land and new construction of a 200,000 sq. ft. manufacturing and warehouse facility

Northern Star Council

Saint Paul,
MN
(2017)

Recreation, Youth and Families

CDE(s): Chase, University Financial Corp.

Owned and operated by Northern Star Council, Basecamp's mission is to serve all youth through field trips, lock-ins, retreats, summer camps, private parties, and community group activities.

800 West Broadway Workforce Center

Minneapolis,
MN
(2015)

Community, FQHCs, Healthcare, Mixed-use, Mixed-use and Commercial, Retail, Vocational Training

CDE(s): University Financial Corp.

NMTC financing renovated 800 West Broadway, a highly visible and blighted structure in an economically struggling area of North Minneapolis.

Saint Paul City School, Charter School No. 4029

Saint Paul,
MN
(2021)

Community, Schools, Youth and Families

CDE(s): Midwest Minnesota CDC, University Financial Corp.

A new 65,900 sq. ft. facility will be constructed at the 1.79 acre site, featuring 28 classrooms, 3 flex rooms, 13 pullout spaces for small group learning, music, art, media

Five Square

Minneapolis,
MN
(2017)

Community, Historic Rehabilitation, Indian Country, Museums, Nonprofit Hub

CDE(s): University Financial Corp.

The three-story office building was originally built in 1889 and has been a seminary, a macaroni factory, a generator factory, and an office building. Redesign maintained leases with three nonprofit

Izzy’s Ice Cream

Minneapolis,
MN
(2012)

Business Development, Food Manufacturing, Manufacturing, Retail

CDE(s): University Financial Corp.

A purpose-built ice cream kitchen designed by award-winning Minnesota architect David Salmela - is taking shape across and up the Mississippi in a lot just across Gold Medal Park from

Quincy Street Brickyard

Minneapolis,
MN
(2017)

Arts, Business Development, Community, Incubator, Manufacturing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial

CDE(s): University Financial Corp.

Former Permitite adhesives manufacturing facility converted into a adaptive mixed-use in NE Arts District..

Hiawatha Academies

Minneapolis,
MN
(2017)

Community, Schools

CDE(s): Partners for the Common Good, University Financial Corp.

Through New Market Tax Credits, Sunrise provided financing for Hiawatha Collegiate High School’s new location, which was at the former Shasta bottling plant at 3500 E.

Twin Cities Habitat for Humanity Headquarters

Saint Paul,
MN
(2013)

Affordable Housing, Community, Habitat for Humanity, Housing

CDE(s): University Financial Corp.

Twin Cities Habitat for Humanity built a new headquarters building to house its staff, coordinate volunteers and provide space for educational and advocacy programs.

Highlight Center

Minneapolis,
MN
(2015)

Beverages, Business Development, Community, Food Manufacturing, Incubator, Manufacturing, Restaurants and Catering, Retail and Commercial

CDE(s): University Financial Corp.

The transformation of a brick building at 807 Broadway Street in Northeast Minneapolis into modern-day business park.

Navy Island Inc.

West Saint Paul,
MN
(2019)

Business Development, Manufacturing

CDE(s): University Financial Corp.

Navy Island constructed a 92,000 sq. ft manufacturing facility and upgraded its woodworking equipment.

Crescent Cove

Minneapolis,
MN
(2018)

Community, Healthcare

CDE(s): University Financial Corp.

Financing for a nonprofit that offers care and support to children and young adults with a shortened life-expectancy, and to their families who love them

The Family Partnership

Minneapolis,
MN
(2020)

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

CDE(s): Midwest Minnesota CDC, University Financial Corp.

Partial demolition, renovation, and a two-story addition to an existing commercial building.

Neighborhood Development Center

Saint Paul,
MN
(2020)

Business Development, Community, Incubator, Manufacturing

CDE(s): Midwest Minnesota CDC, University Financial Corp.

The construction of an appoximately 19,820 sq. ft. building for use serving low-income entrepreneurs as a small business incubator and entrepreneur training center in Saint Paul, MN.

Catholic Charities of St. Paul and Minneapolis: Exodus 2.0 Project

Minneapolis,
MN
(2020)

Behavioral Health, Community, Food Bank or Pantry, FQHCs, Healthcare, HFFI, Historic Rehabilitation, Historic Tax Credit, Homeless Services, Hospitals and Emergency Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Supportive Housing, Veterans Services

CDE(s): Corporation for Supportive Housing, University Financial Corp., USBCDE

Rehabilitation of a building for the development of a mixed-use project to include medical respite, transitional housing, healthcare, and social services for the homeless.

Open Cities Healthcare

St. Paul,
MN
(2016)

Community, FQHCs, Healthcare

CDE(s): University Financial Corp.

Recognizing the need to expand services along the Rice Street corridor, OCHC purchased a building at 916 Rice and has renovated and opened its second clinic.

The Wycliff

Saint Paul,
MN
(2020)

Business Development, Community, COVID-19, Disaster Recovery, Food Manufacturing, Incubator, Makerspace, Manufacturing, Parks and Forests, Retail

CDE(s): University Financial Corp.

The Wycliff’s project goals were strongly geared toward providing for small businesses and growing jobs, bringing over 500 permanent jobs to the Midway community. Evenwhile the 2020 COVID19 pandemic brought