2Q-2-2

Kevin Hern (R-OK01)

Tax Staffer: Jefferson Willis, jefferson.willis@mail.house.gov.

District Highlights

  • 26 projects
  • 268,729,365 in NMTC allocation
  • 408,171,173 total project financing
  • 1,766 FTE jobs created or retained
  • 2,578 construction jobs created
  • 4 manufacturing businesses

26

projects

$268,729,365

NMTC Allocation

$408,171,173

in total project financing

1,766

FTE jobs

2,578

construction jobs

4

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Tulsa Economic Development Corporation (TEDC) has constructed a new 17,000 sq. ft. grocery store in Tulsa, Oklahoma. The project is part of the ongoing redevelopment of Tulsa’s African American Community,

Food Bank Expansion is Fighting Hunger and Feeding Hope
The Thornton Family YMCA has doubled its size to 92,000 sq. ft. with a project made possible by the NMTC
Renovation of a building in Tulsa's downtown warehouse and industrial district, now known as Brady Arts, site of the Tulsa race riot in 1921.
NMTCs incentivized private investment from US Bank and created a subsidy which closed Crossover’s fundraising gap to develop the new community center.

Medefy, Inc. (“Medefy”) is a healthcare app providing employers with the unique ability to directly guide and navigate their employees to make high-quality, low-cost individualized care decisions in real time.

NMTC financing was used to make some much needed improvements to a YMCA facility including to the pool, gym, adding air conditioning to the building.
The renovation of the landmark building into a mixed-use building with ground floor retail and eight floors of residential apartments, including 30% affordable apartments; and the addition of the Podium
Freestanding, state-of-the-art cancer center incorporates the latest advances in cancer treatment, all under one roof