State Fact Sheet
Community Testimonials​
Valley National Bank has demonstrated a steadfast commitment to the New Markets Tax Credits (NMTC) Program, actively participating as an investor and providing strong support for the NMTC Program. With a notable track record, Valley National Bank has invested over $530 million in 49 impactful NMTC transactions, located in distressed communities across the nation. Our Community Development Entity, DV Community Investment, has provided $509 million dollars of NMTC allocation to 65 projects. These projects have yielded remarkable outcomes, including the creation of over 12,000 full-time jobs, over 12,000 construction jobs, and provided community and social services to more than 250,000 low-income individuals annually. NMTCs are incredibly beneficial, providing needed financing to rural and low-income communities facing profound economic distress. To continue to create these catalytic and positive outcomes, Valley National Bank strongly urges the NMTC Program to be made permanent.
-Bernadette Mueller, Valley National Bank, Morristown, NJ
Illinois Project Profiles
2012
Los Angeles, CA | 30th District
2018
Cincinnati, OH | 1st District
2021
Columbia, MO | 3rd District
2016
Birmingham, AL | 7th District
2020
Kansas City, KS | 3rd District
2010
Quincy, IL | 15th District
2013
Burnsville, MS | 1st District
2021
Fort Wayne, IN | 3rd District
2019
East Los Angeles, CA | 34th District
2012
Desert Hot Springs, CA | 25th District