Ilhan Omar (D-MN05)

Tax Staffer: Yonathan Teclu, yonathan.teclu@mail.house.gov.

District Highlights

85 projects
589,913,886 in NMTC allocation
1,081,102,100 total project financing
8,550 FTE jobs created or retained
6,469 construction jobs created
9 manufacturing businesses
6 federally qualified health centers

85

projects

$589,913,886

NMTC Allocation

$1,081,102,100

in total project financing

8,550

FTE jobs

6,469

construction jobs

6

federally qualified health centers

9

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

The Historic Coliseum Building

Minneapolis,
MN
(2024)

Business Development, Historic Rehabilitation, Mixed-use and Commercial

CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

NMTC financing from MMCDC will help build a more equitable economic future for Minneapolis

George Modular

Minneapolis,
MN
(2024)

Manufacturing

CDE(s): CRFUSA, University Financial Corp., USBCDE

Much-needed investment by an innovative manufacturer provides economic boost for north Minneapolis, Minnesota community.

South Bend Chocolate Company Destination Project

South Bend,
IN
(2022)

Daycare and Early Childhood, Manufacturing, Museums

CDE(s): New Market Opportunity Fund

Leveraging investment to make a chocolate factory a hub of manufacturing and tourism.

V3 Sports Center Phase 1

Minneapolis,
MN
(2023)

Recreation

CDE(s): University Financial Corp.

Gap Financing Loan to V3 Sports Inc.

Historic Coliseum Building project

Minneapolis,
MN
(2023)

Business Development, Incubator, Racial Equity, Targeted Populations

CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

The NMTC financed facility aims to help community members realize their dreams by lifting up local BIPOC artists, while offering some permanent offices and several co-working spaces.

Camdentown Flats

Minneapolis,
MN
(2022)

Mixed-use

CDE(s): USBCDE

This investment will finance the construction of a 7,119 sq. ft., 9-unit multi-family corporate housing development designed to provide affordable live/workspace for professionals of color in the Camden neighborhood of

Minneapolis American Indian Center

Minneapolis,
MN
(2022)

Community, Healthcare, Indian Country

CDE(s): Midwest Minnesota CDC, Old National CDE Corporation, University Financial Corp.

NMTC financing for the renovation and expansion of the Minneapolis American Indian Center (MAIC), a nonprofit community center in the heart of the American Indian community of Minneapolis providing comprehensive

Northern Star Council

Saint Paul,
MN
(2017)

Recreation, Youth and Families

CDE(s): Chase, University Financial Corp.

Owned and operated by Northern Star Council, Basecamp's mission is to serve all youth through field trips, lock-ins, retreats, summer camps, private parties, and community group activities.

Ford Center

Minneapolis,
MN
(2011)

Community, Historic Rehabilitation, Mixed-use, Mixed-use and Commercial

CDE(s): CCG Community Partners, Midwest Minnesota CDC, WNC National Community Development Advisors

Renovation of historic office building with community facilities.

800 West Broadway Workforce Center

Minneapolis,
MN
(2015)

Community, FQHCs, Healthcare, Mixed-use, Mixed-use and Commercial, Retail, Vocational Training

CDE(s): University Financial Corp.

NMTC financing renovated 800 West Broadway, a highly visible and blighted structure in an economically struggling area of North Minneapolis.

Five Square

Minneapolis,
MN
(2017)

Community, Historic Rehabilitation, Indian Country, Museums, Nonprofit Hub

CDE(s): University Financial Corp.

The three-story office building was originally built in 1889 and has been a seminary, a macaroni factory, a generator factory, and an office building. Redesign maintained leases with three nonprofit

Izzy’s Ice Cream

Minneapolis,
MN
(2012)

Business Development, Food Manufacturing, Manufacturing, Retail

CDE(s): University Financial Corp.

A purpose-built ice cream kitchen designed by award-winning Minnesota architect David Salmela - is taking shape across and up the Mississippi in a lot just across Gold Medal Park from