Essex Crossing includes 1,000 residential for-sale and rental units, a 15,000 sf public park, a 10,000 sf rooftop urban farm and 1.9 million square feet of residential, commercial, and community space.
Ovenly: Provided $600,000 working capital for bakery based in Brooklyn, NY with a focus on quality job creation and providing jobs to formerly incarcerated people and refugees. Ovenly has hired a third of its employees through GOSO and other workforce organizations such as the Ansob Center for Refugees and Seedco. The bakery’s staff now includes […]
We are developing a new housing model that includes 174 units of low-income housing (affordable and supportive) and ground floor light manufacturing. The model will only work if both the residential and manufacturing components receive tax credit allocations under LIHTC and NMTC. This will provide housing and economic development opportunities in a very poor neighborhood […]
The NMTC program has enabled PCDC to finance 177 projects for its community health center clients throughout the U.S. $248 million in awards to PCDC have supported over $1.1 billion in projects that have created or retained 5,800 permanent and 5,000 construction jobs in urban and rural under-served communities and enabled safety net community based […]
CSH has received five NMTC allocations totaling $235 M in credit allocations to finance 16 projects and counting that serve low-income, high-health need individuals that are homeless or at risk of homelessness. These projects include: 1) community health centers, 2) projects that offer supportive services including social, healthcare, educational, food security and/or workforce development programs; […]
As a Community Development professional with over 20 years as a Bank CRA Officer, I’ve witnessed the positive impact that the NMTC program has had since its inception, revitalizing the low-income communities which I serve, by permitting individual and corporate investors to receive a tax credit’s against their federal income tax in exchange for making […]