Ilhan Omar (D-MN05)

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

District Highlights

94 projects
693,658,886 in NMTC allocation
1,175,678,154 total project financing
9,186 FTE jobs created or retained
6,967 construction jobs created
11 manufacturing businesses
7 federally qualified health centers

94

projects

$693,658,886

NMTC Allocation

$1,175,678,154

in total project financing

9,186

FTE jobs

6,967

construction jobs

7

federally qualified health centers

11

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

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 Camd […]

East Side Food Co-Op

Minneapolis,
MN
(2015)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Self-Help

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

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

Minneapolis American Indian Center

Minneapolis,
MN
(2022)

Community, Healthcare

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

Catholic Charities of St. Paul and Minneapolis: Exodus 2.0 Project

Minneapolis,
MN
(2020)

Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation, Hospitals and Emergency Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Supportive Housing, Veterans Services

CDE(s): Corporation for Supportive Housing, University Financial Corp., USBCDE

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.

Heritage Park Elder Community Center

Minneapolis,
MN
(2010)

Adult Daycare, Community, Daycare and Early Childhood, FQHCs, Healthcare, Nursing Homes and Hospice, Youth and Families

CDE(s): Local Initiatives Support Corporation

Elderly with a clinic, an adult daycare, a fitness center and office space for social service provider

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.

V3 Sports Center Phase 1

Minneapolis,
MN
(2023)

Recreation

CDE(s): University Financial Corp.

Gap Financing Loan to V3 Sports Inc.

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.

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