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Community Testimonials

The NMTC program allowed us to establish a permanent home / office location in St. Paul. MSP Communications purchased an office building that supports not only our company but 3 other companies. In addition, the program allowed us to install solar panels and electric car charging stations in our pursuit to be carbon neutral. The NMTC program has been effective–we are now a permanent member of the St. Paul community, and re-investing into the space instead of paying rent. The program made a tremendous impact for us. I firmly recommend extending the program.

-Nathaniel Opperman, MSP Communications, St Paul, MN

To date, our company has successfully utilized NMTCs in 5 development projects in the toughest neighborhoods in Philadelphia. In all circumstances, we have created 100s of jobs, started new diverse businesses, brought quality goods and services to food and health deserts and created affordable housing opportunities in these neighborhoods. Stopping this funding source will negatively impact greatly, communities in need.

-Leslie Smallwood, Mosaic Development Partners, Philadelphia, PA

CDFA has received $150MM in NMTC Allocation over four award years. Since receiving our first allocation in 2011, CDFA has made $135,550,000 in direct NMTC Investments CDFAs Allocation provided funding of 15 projects with accumulated projects costs of over $176,367,000. Projects made a beneficial impact by providing education, healthcare, and mixed-use projects to LICs in 3 different counties. CDFA is currently in the process of closing the last of it’s allocation, has applied and is hopes of receiving future allocation to continue assist in the revitalization of many more Utah economies.

-Staci L. Olsen, Community Development Finance Alliance (CDFA), South Jordan, Utah