Indiana Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

Using a $5 million allocation, INHP was able to develop 29 affordable homes for sale to low and moderate income buyers in three neighborhoods. But for the NMTC equity, INHP would not have been able to 1. Support three neighborhoods-based strategies to spur private sector investment in disinvested neighborhoods. 2. Help pilot an Educator’s Village designed to attract first through third year teachers to establish residency in Indianapolis. This program strives to attract and retain teachers in the Indianapolis Public Schools or charter schools. 3. Encouraged participation by non-traditional and minority-owned builders in an effort to increase the capacity of the system to build affordable single-family homes.

-Rob Evans, Executive Vice President, Indianapolis Neighborhood Housing Partnership, Indianapolis, IN Tweet This

Community Testimonials​

Mahdee Iqbal, Director of Finance, Charter School of the Dunes, Gary, IN

The NMTC allows schools serving low economic activity areas to construct safe facilities conducing to education, the commercial channels of financing would never allow a $14MM construction in an area where immediate post construction value would be under $10MM. With limited capital, we can serve students in areas where traditional public schools are failing. This program is the very definition of lifting up the nation by the bootstraps. We, the administrative staff, are willing to comply with any and all oversight and compliance required to make this possible for students in Gary, Indiana.

Indiana NMTC Videos

Indiana NMTC Stories

2018
NMTC financing supported the creation of the Wigham Health Center in Anderson, Indiana. The health center is part of the Jane Pauley network of…
2019

Anderson, IN 

Italpollina USA Inc., a developer of organic biostimulant fertilizers will construct and equip a 15,000 square foot research & development facility on a seven-acre…
2020
The project is a $16.1MM, 56,925 square foot educational facility designed to provide in-demand automotive, mechanic, and other technical training in Indianapolis, Indiana. Central…
2020
The Wheeler Mission Center for Women and Children, located at 3208 East Michigan Street, was chosen for investment through the City of Indianapolis’ New…
2020

Indianapolis, IN 

Indy CDE financed the restoration and update of the historic 40,000 square foot building that once housed the Madam C.J. Walker Manufacturing Company with…
2020

Plymouth, IN 

Purchase and installation of new equipment for a building insulation products manufacturer. The new equipment will enable the company to expand its production and…
2017

Washington, IN 

Eagle Railcar Services acquired, remediated and renovated the former B&O Railroad Servicing facility, with 10 miles of track and 200,000 square feet of buildings…
2014

Warsaw, IN 

The project is a new state-of-the-art 72,000 sq. ft. Kosciusko County YMCA facility….
2016
Adaptive reuse of a former Studebaker automobile manufacturing facility (built between 1923 and 1946) into office, education, incubator, advanced manufacturing and training space. The…
2016

South Bend, IN 

Financing for a steel fabricating company that expanded a new line of busincess focused on product development….
2010

South Bend, IN 

The Michiana region gets a new headquarters for public television in South Bend….
2019

Richmond, IN 

NMTC financing helps mitigate environmental and economic development challenges in Richmond, Indiana. …
2018
2015
In partnership with The Arc of Indiana Foundation, Cinnaire celebrated the Grand Opening of the Erskine Green Training Institute & Teaching Hotel in 2016…
2017

Lafayette, IN 

Northend Community Center, a multi-facility, faith-based community center campus located in Lafayette, Indiana….
2017

Lafayette, IN 

In 2017, ground was broken on a $28M facility that houses a new Lafayette Family YMCA….
2018

Kokomo, IN 

Coast OEM acquired a vacant industrial facility as well as the onsite equipment that hosts the sanitary-ware manufacturing operations….
2018
Granted $97,500, The Second Helpings Culinary Job Training Program promotes productive citizenship and provides an opportunity for individuals to gain industry recognized skills and…
2019

Indianapolis, IN 

NMTC financing turns abandoned building into a hub for entrepreneurship and opportunity…
2012

Indianapolis, IN 

The Corporate College and Culinary Arts Training Center, a remarkable example of how resources from the CDFI Fund are put to use….
2006

Indianapolis, IN 

Family owned and operated for nearly 50 years in Indianapolis, Indiana, Hoosier Gasket Corporation is one of America’s top fabricators of die-cut gaskets for…
2011

Indianapolis, IN 

John H. Boner Community Center, an education and recreation center with a practice field, a track and an outside greenhouse….
2017

Indianapolis, IN 

Avondale Town Center is the third and final phase of the Avondale Choice Neighborhood Implementation Grant that TCB received in 2012….
2019
The project replaces the current facility – includes truck docks, a donation drive-thru, an area reserved for the Goodwill Excel Center and Community Career…
2012
Charter School of the Dunes (CSOD) constructed a new 50, 000 square foot facility to house its expanding student population and better serve and…
2019

Gary, IN 

Alliance Steel is a Flat Roll Steel Service center located in Bedford Park, IL….
2015
Turnstone Center for Children and Adults with Disabilities, Inc. (Turnstone Center) is northeast Indiana’s only not-for-profit organization that provides a full range of rehabilitative,…
2012

Fort Wayne, IN 

The Harrison occupies a strategic location on the southeast corner of Jefferson Boulevard and Ewing Street, commanding a singular vista of Parkview Field. Spanning…
2018

Fort Wayne, IN 

Fort Wayne Rescue Mission, $10 million. The Rescue Mission is a local non-profit organization providing restorative care to men, women and children experiencing a…