Brendan Boyle (D-PA02)

Tax Staffer: Gianluca Nigro, gianluca.nigro@mail.house.gov.

"
…with respect to new market tax credit and its permanency, I will say that the new market tax credit has a tremendous track record…
"

-Brendan Boyle (D-PA02)

District Highlights

45 projects
480,033,380 in NMTC allocation
667,203,836 total project financing
4,012 FTE jobs created or retained
4,635 construction jobs created
7 manufacturing businesses
6 federally qualified health centers

45

projects

$480,033,380

NMTC Allocation

$667,203,836

in total project financing

4,012

FTE jobs

4,635

construction jobs

6

federally qualified health centers

7

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Blumenthal Brothers Chocolate Factory

Philadelphia,
PA
(2024)

Manufacturing

CDE(s): Local Initiatives Support Corporation, National Trust Community Investment Corporation, PIDC Community Capital

A renovated community space in Philadelphia, PA is now home to youth and education programs

Center for Urban Community Services

New York,
NY
(2007)

Behavioral Health, Community, Daycare and Early Childhood, Healthcare, Nonprofit Hub, Youth and Families, Youth Program

CDE(s): Bank of America, PIDC Community Capital

The acquisition and renovation of a six-story commercial loft building for the Center for Urban Community Services to substantially expand its Career Network and Housing Resource Center.

New PATH Headquarters

Philadelphia,
PA
(2019)

Behavioral Health, Community, Daycare and Early Childhood, Healthcare, Mixed-use, Nonprofit Hub, Youth and Families, Youth Program

CDE(s): PIDC Community Capital, PNC

Redevelopment, expansion, and new construction of an owner-occupied nonprofit office and healthcare space with a community room that is accessible by multiple third-party nonprofits.

Don Pedro Meats and Market

Philadelphia,
PA
(2018)

Business Development, Food Manufacturing, Grocery and Fresh Food, Manufacturing, Mixed-use, Mixed-use and Commercial, Retail

CDE(s): PIDC Community Capital

Financing for a meat market to relocate to a larger location.

YouthBuild Philadelphia Charter School

Philadelphia,
PA
(2023)

Schools

CDE(s): Chase, Consortium America, PIDC Community Capital, TruFund

ERF allocation helped finance the purchase and installation of equipment, as well as provide working capital for the Charter School. The overall project will finance the redevelopment of a 36,000-sf

Esperanza Community Wellness Center

Philadelphia,
PA
(2021)

Addiction Treatment, Behavioral Health, Brownfield Remediation, Community, FQHCs, Healthcare

CDE(s): Nonprofit Finance Fund, PNC

The project developed a vacant brownfield lot into a 21,000 sq. ft. wellness cente providing services to 14,500 patients.

Paseo Verde

Philadelphia,
PA
(2012)

Adult Education, Affordable Housing, Brownfield Remediation, College or Vocational Training, Community, FQHCs, Healthcare, Housing, Mixed-use, Office, Retail, Retail and Commercial, Transit Oriented Development, Workforce Housing

CDE(s): Building America CDE, Corporation for Supportive Housing, Local Initiatives Support Corporation, WNC National Community Development Advisors

A $48.2M mixed-use, transit-oriented, green development in Philadelphia's Ludlow community - a low-income, distressed neighborhood currently undergoing a revitalization drive fueled by strong public and private collaboration.

Oxford Mills

Philadelphia,
PA
(2012)

Affordable Housing, Community, Historic Rehabilitation, Mixed-use, Retail

CDE(s): Enterprise Community Partners, National Trust Community Investment Corporation, PIDC Community Capital

In Philadelphia, the NMTC transformed a former textile mill and warehouse into apartments for teachers and non-profit office space designed for education related firms.

Esperanza Health Center

Philadelphia,
PA
(2018)

Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation, Recreation

CDE(s): Community Health Center Capital Fund, PIDC Community Capital

The purchase of a former bank and finance a full renovation and adaptive reuse as a health care clinic.

Clay Studio

Philadelphia,
PA
(2019)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Incubator, Makerspace, Retail, Youth and Families

CDE(s): PIDC Community Capital

Community-based nonprofit develops a new maker space and hub for ceramic arts and entrepreneurship

Projects Nearby the District

Camden, NJ (2014)

Salvation Army Kroc Community Center

Brendan Boyle (D-PA02)

"…with respect to new market tax credit and its permanency, I will say that the new market tax credit has a tremendous track record… "