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Bob Casey (D-PA)

Tax Staffer: Livia Shmavonian, [email protected] (Updated: 02/22/2021)

NMTC Site Visits

Rep. Ruiz delivered remarks at the grand opening of the Desert Hot Springs Community Health and Wellness Center

January 14, 2013 “I am proud to support this new facility, which will expand access to comprehensive health and wellness services for thousands of people in and around the Desert Hot Springs community,” said Rep. Ruiz. “As a doctor who has worked extensively in underserved areas across the Coachella Valley, I have seen firsthand the vital role that community health centers play in providing essential, affordable health services to our local families. The Desert Hot Springs Community Health and Wellness Center is a great example of what we can achieve as a community to improve health care access through

Voices from the Community

The NMTC is an important source of financing for businesses and community facilities in America’s most economically distressed rural and urban communities. Over the past 15 years, communities have come to count on the NMTC as a source of low-cost capital for challenging projects that would not have been possible but-for the NMTC. Since 2003, the Credit has delivered well over $100 billion in flexible capital to farming towns and urban neighborhoods left outside the economic mainstream. Those investments have generated over one million jobs at a cost to the federal government of less than $20,000 per job.
Without an NMTC extension, many of America’s urban neighborhoods and rural communities, struggling with high rates of poverty and unemployment, will lose access to billions of dollars for high-impact, community revitalization projects. For these reasons, we urge Congress to provide a permanent extension and expansion of the New Markets Tax Credit.

-Brian Higgins, Executive Director, Parson Avenue, Columbus, Ohio

District Highlights

NMTC Project Profiles (Inside the District)

2004

Madison, WI

Villager Mall is a redevelopment project that involved renovating the former Villager Center on the City of Madison’s south…
2015

Portland, OR

Green Zebra Grocery is a neighborhood grocery offering convenient access to fresh, healthy foods. Convenience is in a smaller…
2016

Detroit, MI

The PrivateBank, through its subsidiary, Midwest Industrial Redevelopment Fund, announced it provided $2.5 million in financing to Alco Products,…
2019

Burlington, VT

Jake’s ONE, LLC, entails the acquisition of equipment, tenant buildout of 6,000 retail space and working capital to bring…

State Fact Sheet