CDE: Wells Fargo

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 Resurgent

Greensboro,
NC
(2024)

Healthcare, Higher Education, Incubator, Mixed-use

CDE(s): Innovate Fund, Partners for the Common Good, Wells Fargo

NMTCs address need for additional health services in medically underserved area

Orange EV

Manufacturing

CDE(s): Central Bank of Kansas City, Central States Development Partners, Wells Fargo

Orange EV expands manufacturing capabilities in a Severely Distressed Kansas City area.

The Resurgent

Healthcare, Higher Education, Incubator, Mixed-use

CDE(s): Innovate Fund, Partners for the Common Good, Wells Fargo

NMTCs address need for additional health services in medically underserved area

Sovereign Pipe

Shawnee,
OK
(2022)

Indian Country, Manufacturing

CDE(s): Heartland Renaissance Fund, Wells Fargo

The NMTC investment will be used by Sovereign Pipe to purchase a portion of the new equipment that will be used in the manufacturing of HDPE pipe

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.

Orange EV

Kansas City,
KS
(2023)

Manufacturing

CDE(s): Central Bank of Kansas City, Central States Development Partners, Wells Fargo

Orange EV expands manufacturing capabilities in a Severely Distressed Kansas City area.

San Carlos Apache Healthcare Clinic

Peridot,
AZ
(2023)

FQHCs, Indian Country

CDE(s): CCG Community Partners, Clearinghouse CDFI, Dakotas America, Ecotrust, Pacesetter CDE, Wells Fargo

NMTC funding was used to construct a 45,000 sq. ft. hospital annex and a 34,000 sq. ft. medical clinic that will provide primary care medical services and specialty care services

Roberta Glinton Medical Office Building

Port Jervis,
NY
(2007)

Healthcare

CDE(s): Wells Fargo

Albert Glinton, husband of the late Roberta “Bobbie” Glinton, was one of several family members and public officials in attendance at the 2011 dedication ceremony of the Roberta Glinton Medical

Ariens Company

Fayetteville,
TN
(2023)

Manufacturing

CDE(s): Legacy Economic Growth Fund, MuniStrategies, Rural Development Partners, Waveland Community Development, Wells Fargo

New Markets Tax Credits to help Ariens Company revitalize an abandoned facility bringing 350 new quality jobs to the Fayetteville

Center for Business & Industry | Chemeketa Commmunity College

Salem,
OR
(2009)

College or Vocational Training, Higher Education

CDE(s): Wells Fargo

The tools and training programs of the Chemeketa Center for Business & Industry help create success in employees, managers and organizations. The services of CCBI range from online classes to

New Manchester Flats

Richmond,
VA
(2008)

Affordable Housing, Community, Healthcare, Historic Rehabilitation, Housing, Mixed-use, Mixed-use and Commercial, PACE

CDE(s): Florida Community Loan Fund, Wells Fargo

PACE, opened in January 2009, enables frail seniors to maintain as much independence as possible and to stay in their own homes by providing all levels of medical, social, personal

Spartanburg Community College Downtown Campus

Spartanburg,
SC
(2012)

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

CDE(s): Grow America, Wells Fargo

Spartanburg Community College renovated a vacant historic building, originally a local high school, into a new Downtown Campus.

Bedford-Union Courts Armory

Brooklyn,
NY
(2019)

Affordable Housing, Community, Food Bank or Pantry, FQHCs, Healthcare, Homeless Services, Housing, Incubator, Mixed-use, Nonprofit Hub, Shelters and Community Food

CDE(s): Citibank, National Community Investment Fund, NYCR-CDE, Wells Fargo

The redevelopment of the historic Bedford-Union Armory located in the Crown Heights community in Brooklyn.

Robert Wood Johnson Fitness and Wellness Center

New Brunswick,
NJ
(2011)

Community, Grocery and Fresh Food, HFFI, Housing, Infrastructure, Mixed-use, Recreation, Retail, Retail and Commercial, Transit Oriented Development, Transportation and Ports, YMCAs and YWCAs

CDE(s): CCG Community Partners, Wells Fargo, WNC National Community Development Advisors

Transformation of an underutilized downtown New Brunswick site into a major transit-oriented, mixed-use facility focused on community health.

Second Harvest Food Bank of Central Florida

Orlando,
FL
(2012)

Community, Daycare and Early Childhood, Food Bank or Pantry, HFFI, Homeless Services, Shelters and Community Food, Youth and Families, Youth Program

CDE(s): CCG Community Partners, Urban America, Wells Fargo

Second Harvest Food Bank of Central was able to secure a new, 100,000 sq. ft. food bank and distribution center serving central Florida communities thanks to the NMTC.

Rehab of Roebling Mansion

Trenton,
NJ
(2005)

Community, Daycare and Early Childhood, Historic Rehabilitation, Mixed-use, Youth and Families

CDE(s): Wells Fargo

NMTCS were also a significant source of funding in the restoration of the Ferdinand W. Roebling mansion.

Grocery Outlet Bargain Market

Turklock,
CA
(2011)

Grocery and Fresh Food, HFFI, Retail, Retail and Commercial

CDE(s): Wells Fargo

Financing for a discount grocery store in an area lacking many affordable food options.

Union Rescue Mission

Los Angeles,
CA
(2020)

Community, Community Kitchen, Daycare and Early Childhood, Dental Services, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families

CDE(s): Genesis LA CDE, Los Angeles Development Fund, Wells Fargo

With homelessness in Los Angeles continuing to rise at alarming rates, community development financial institution Genesis LA partnered with service provider Union Rescue Mission to construct a new 74,866 square

Pascua Yaqui Tribe Head Start

Tucson,
AZ
(2011)

Community, Daycare and Early Childhood, Head Start, Indian Country, Targeted Populations, Youth and Families

CDE(s): Wells Fargo

Travois New Markets recently helped the Pascua Yaqui Tribe secure NMTC financing for its new $8.7M education center that broke ground in December 2011.

Clark County Family YMCA

Vancouver,
WA
(2012)

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

CDE(s): National Community Investment Fund, Wells Fargo

At the time this project was financed, Vancouver was home to the only YMCA facility in the state of Washington, and its impressive outreach efforts currently touched over 14,000 people

Kalispel Tribe Wastewater Treatment and Buffalo Preserve

Usk,
WA
(2014)

Community, Daycare and Early Childhood, Environment, Indian Country, Manufacturing, Targeted Populations, Waste Management, Water Management, Youth and Families

CDE(s): Ecotrust, Wells Fargo

A new facility providing immediate cost savings and prevents emergency overflows and environmental contamination.

Butterfly Wonderland

Scottsdale,
AZ
(2013)

Arts, Community, Daycare and Early Childhood, Indian Country, Recreation, Retail, Theaters and Performing Arts Spaces, Youth and Families

CDE(s): Dudley Ventures, Wells Fargo

Butterfly Wonderland is a butterfly habitat and educational attraction facility located on the Salt River Pima-Maricopa Indian Community.

Youth and Family Services of South Dakota

Rapid City,
SD
(2018)

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

CDE(s): National Community Investment Fund, Partners for the Common Good, Wells Fargo

A new facility allowing YFS to serve an additional 2,000 children each year.

Port of Hueneme

Port Hueneme,
CA
(2013)

Community, Environment, Food Bank or Pantry, HFFI, Homeless Services, Infrastructure, Manufacturing, Shelters and Community Food, Transportation and Ports

CDE(s): Clearinghouse CDFI, Wells Fargo

The modernization of the Port of Hueneme retained $7 billion in trade business and 500 livable wage jobs.

Educare Arizona

Phoenix,
AZ
(2011)

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

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

Early education center with an on-site health clinic and family support training center.

Petersburg Library

Petersburg,
VA
(2013)

Community, Daycare and Early Childhood, Infrastructure, Library, Municipal Facilities, Youth and Families

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

A new 42,160 sq. ft. library in Petersburg, VA.

The Kailapa Community Resources Center

Pepeekeo,
HI
(2017)

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

CDE(s): Wells Fargo

NMTC financing made the planning, design, and construction of the Kailapa Community Resource Center possible.

Viracon Glass

Owatonna,
MN
(2016)

Business Development, Hotels and Tourism, Manufacturing, Rural

CDE(s): CEI Capital Management, Wells Fargo

When it comes to architectural design, glass is big, and it’s only getting bigger.

Rail and Commerce

Omaha,
NE
(2016)

Business Development, Community, Historic Tax Credit, Incubator, Manufacturing

CDE(s): National Trust Community Investment Corporation, Urban Action Community Development, Wells Fargo

The substantial rehabilitation of a former United States Postal Service mail sorting facility into commercial office and creative co-working space supporting local startups and growing businesses.

Museum for African Art

New York,
NY
(2009)

Arts, Community, Museums, Restaurants and Catering, Retail and Commercial

CDE(s): United Fund Advisors, Wells Fargo

African art museum finds a permanent location on “Museum Mile” of New York City.

Essex Crossing

New York,
NY
(2015)

Affordable Housing, Community, Community Center, Creative Farming, Mixed-use, Retail, Timber and Agriculture

CDE(s): Enterprise Community Partners, Low Income Investment Fund, Wells Fargo

Essex Crossing includes 1,000 residential for-sale and rental units, a 15,000 sq. ft. public park, a 10,000 sq. ft. rooftop urban farm and 1.9 million sq. ft. of residential, commercial,

McAllen VA Outpatient Clinic

Mcallen,
TX
(2013)

Behavioral Health, Community, FQHCs, Healthcare, Veterans Services

CDE(s): Wells Fargo

NMTC financing supported the construction of a new primary care service center for veterans in the McAllen area.

Spruce Street Community Center

Lawrence,
NJ
(2015)

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

CDE(s): New Jersey Community Loan Fund, Wells Fargo

NMTC financing supported the creation of the Spruce Street Community Center, a 35,000 sq. ft. multi-purpose facility open to any youth in greater Mercer County.

West Hawaii Community Health Center

Kailua Kona,
HI
(2013)

Behavioral Health, Community, Dental Services, Food Bank or Pantry, FQHCs, Healthcare, Homeless Services, Indian Country, Rural, Shelters and Community Food

CDE(s): Chickasaw Nation CDE, Nonprofit Finance Fund, Punawai 'O Pu'uhonua, USBCDE, Wells Fargo

A new Federally Qualified Health Cente now provides integrated medical, dental and behavioral health services to primarily low-income individuals and families in three clinic locations on the big island, with

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.

Crosby Group Lebus Manufacturing

Gregg,
TX
(2017)

Business Development, Manufacturing

CDE(s): Enhanced Capital, River Gorge Capital, Texas Mezzanine Fund, TruFund, Wells Fargo

Forgings Manufacturing facility.