Hakeem Jeffries (D-NY08)

Tax Staffer: Vernon Baker, vernon.baker@mail.house.gov.

District Highlights

27 projects
341,272,259 in NMTC allocation
692,691,258 total project financing
3,289 FTE jobs created or retained
3,008 construction jobs created
5 manufacturing businesses
3 federally qualified health centers

27

projects

$341,272,259

NMTC Allocation

$692,691,258

in total project financing

3,289

FTE jobs

3,008

construction jobs

3

federally qualified health centers

5

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Bogopa BG Flatlands

Brooklyn,
NY
(2018)

Grocery and Fresh Food, Retail

CDE(s): NYCR-CDE

Renovation of a vacant retail grocery store into Food Bazaar grocery store. The facility will be tailored to the health and nutritional needs of the ethnically diverse neighborhood.

St. John’s Bread and Life

Brooklyn,
NY
(2009)

Community, Shelters and Community Food

CDE(s): Low Income Investment Fund

NMTC financing for an emergency food provider in Brooklyn

Madison Square Boys & Girls Club

New York,
NY
(2017)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): Nonprofit Finance Fund, NYC Neighborhood Capital Corporation, PNC, TruFund

A new, $48 million, 50,000-sq. ft. youth recreation and academic support center in Central Harlem, Manhattan, one of the most underserved urban neighborhoods in the country.

GMDC Brownsville Industrial Center

Brooklyn,
NY
(2022)

Business Development, Manufacturing

CDE(s): Chase, NYC Neighborhood Capital Corporation

Continued revitalization of an abandoned industrial complex creates additional jobs and urban manufacturing opportunities

Community Health Initiatives

Brooklyn,
NY
(2022)

Behavioral Health, FQHCs, Healthcare

CDE(s): Nonprofit Finance Fund

Coney Island FQHC receives NMTC financing to expand its services

Pitkin Avenue Theatre Redevelopment

Brooklyn,
NY
(2010)

Mixed-use, Retail, Schools

CDE(s): Carver National Bank, Nonprofit Finance Fund, Rose Urban Green Fund, TruFund

The redevelopment of the Pitkin Avenue Theatre in Brownsville Brooklyn into a mixed-use project.

Fine Fare Brooklyn

Brooklyn,
NY
(2023)

Grocery and Fresh Food

CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund

Financing for the owner of a Fine Fare Supermarkets in Brooklyn to purchase the building she had leased for 13 years. The purchase will stabilize occupancy costs, secure a long-term

GMDC Atlantic Avenue Industrial Center

Brooklyn,
NY
(2013)

Business Development, Manufacturing

CDE(s): Bank of America, Enterprise Community Partners

Greenpoint Manufacturing and Design Center renovated a 50,000 sq. ft. industrial building to create a manufacturing facility for several small-scale manufacturers.

Projects Nearby the District

Queens, NY (2018)

Rockaway Beach Medical Arts Campus