Mike Kelly (R-PA16)

Tax Staffer: Elise Stebick, elise.stebick@mail.house.gov. Last updated: 10/14/2024

"

Over the years, the New Markets Tax Credit has well-proven its worth by revitalizing neighborhoods and cities and that need the help the most….Along with revitalizing American’s Main Streets, the NMTC program is a job creator and I’m proud to support [the NMTC Extension Act] again in the 118th Congress!

"

-Mike Kelly (R-PA16)

District Highlights (Through 2023)

  • 6 projects
  • 36,910,892 in NMTC allocation
  • 43,130,577 total project financing
  • 303 FTE jobs created or retained
  • 306 construction jobs created
  • 2 federally qualified health centers

6

projects

$36,910,892

NMTC Allocation

$43,130,577

in total project financing

303

FTE jobs

306

construction jobs

2

federally qualified health centers

NMTC Project Profiles (Inside the District)

Nonprofit Development Corporation (2023)

Butler, PA
Nonprofit Development Corporation is renovating a space to accommodate its growth and provide more services.

New Castle Mixed-use (2022) (2022)

New Castle, PA
Revitalization of the corridor buildings leading into downtown New Castle, PA.

New Castle Mixed-use (2021) (2021)

New Castle, PA

In the first of two revitalization projects (read about the other project), Wesbanco used NMTC financing to help a borrower purchase and renovate a vacant commercial building at 101 Mercer

Erie Center for Arts and Technology (2020)

Erie, PA
A $10.3M renovation of the 107-year-old former school.

Primary Health Network – Sharon (2014)

Sharon, PA
This project involved the completion of a new, $18 million transaction to help fund the expansion and consolidation of healthcare services provided by Primary Health Network (PHN) in Sharon.

Projects Nearby the District

Akron, OH (2018)

The Bowery

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Cleveland, OH (2016)

Greatwave Communications

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Projects Nearby the District

Akron, OH (2018)

The Bowery

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Cleveland, OH (2016)

Greatwave Communications

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