Minnesota 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.

We are providing beautiful affordable new homes to those that cannot afford to pay market rate. This is due to the NMTC program.

-Luis Perez, Controller, Greater Metropolitan Housing Corporation, Minneapolis, MN Tweet This

Community Testimonials​

Minnesota NMTC Videos

Minnesota NMTC Stories

2019
10 affordable homes created through the Greater Metropolitan Housing Corporation…
2020

Minneapolis, MN 

NMTC loan proceeds will be utilized to fund construction and other related costs. The project includes partial demolition, renovation, and a two-story addition to…
2020

Saint Paul, MN 

Hmong American Partnership, a nonprofit organization located in Saint Paul, MN has requested $5M of NMTC allocation from MMCDC to assist with a portion…
2020
The NMTC proceeds are to be used to finance the construction of an appoximately 19,820 SF building to be leased by Borrower to Project…
2020
The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 SF warehouse building in Wadena, MN, purchase equipment, and…
2020

Pine River, MN 

The NMTC loan proceeds will be utilized to finance construction and other project costs associated with a 23,040 SF manufacturing facility, 7,800 SF warehouse…
2020

Saint Paul, MN 

The NMTC loan proceeds will be utilized to finance a portion of the total project cost associated with installing 1 megawatt of solar panels…
2020

Saint Paul, MN 

This transaction will finance the acquisition of a renovated 32,000 square foot building that will house educational and job training programs for immigrants and…
2020
Rehabilitation of a building for the development of a mixed-use project to include medical respite, transitional housing, healthcare, and social services for the homeless….
2015

Minneapolis, MN 

The NMTC helped a food co-op expand and provide greater access to healthy food in a USDA food desert. …
2006

Saint Paul, MN 

Small coffee manufacturer expands business with a new facility in a new location. …
2016

St. Paul, MN 

Recognizing the need to expand services along the Rice Street corridor, OCHC purchased a building at 916 Rice and has renovated and opened its…
2008

St. Cloud, MN 

A new 75,000 sq. ft. four-story office space in downtown St. Cloud….
2020

Saint Paul, MN 

The Wycliff’s project goals were strongly geared toward providing for small businesses and growing jobs, bringing over 500 permanent jobs to the Midway community….
2012
The Ordway Concert Hall is a state-of-the-art performance and recording venue that was brought to life by the Ordway’s principal resident organizations….
2018
UEL provides wet labs, office space, and innovation/collaboration spaces, and expanding their current facility….
2017
Minnesota Museum of African Art…
2015
NMTC financing helped make the expansion and renovation of a childrens museum possible….
2015

Saint Paul, MN 

When you walk into the new Midway YMCA building, one thing stands out; if it weren’t for the uniforms and name tags, you would…
2018
The construction of 58,000 sq. ft. learning facility in the Midway Neighborhood of Saint Paul, MN….
2017
NMTC financing supported the construction of a new 60,900 sq. ft. service center targeted to very low income and homeless individuals co-located with housing…
2018

Red Lake, MN 

Red Lake Retail, are building a new grocery store to better serve the Red Lake Reservation and surrounding community….
2008

Perham, MN 

A new facility for Tuffy’s Pet Foods….
2016

Owatonna, MN 

When it comes to architectural design, glass is big, and it’s only getting bigger….
2019

Minneapolis, MN 

New facility to serve the Twin Cities area as a center of excellence in children’s mental health….
2008

Minneapolis, MN 

The Blaisdell YMCA in South Minneapolis, MN offers personal training, group exercise classes, swim lessons, child care and other great fitness and community building…
2004

Minneapolis, MN 

The rehabilitation and renovation of the former Antiques Minnesota building in the Midtown Phillips neighborhood of south Minneapolis to create high-quality retail, office/incubator, and…
2005

Minneapolis, MN 

The Midtown Global Market project in Minneapolis involved the creation of an 86,084-sq. ft. public marketplace for a mixture of start-up, second stage, and…
2010
Elderly with a clinic, an adult daycare, a fitness center and office space for social service provider…
2008

Minneapolis, MN 

The Center for Changing Lives (CFCL) project entailed the redevelopment of an existing site to create a 54,000 sq. ft. building in the Phillips…