Nydia Velázquez (D-NY07)

Tax Staffer: Rick Erkel, richard.erkel@mail.house.gov.

District Highlights

20 projects
324,805,771 in NMTC allocation
587,328,157 total project financing
5,247 FTE jobs created or retained
1,936 construction jobs created
6 manufacturing businesses
3 federally qualified health centers

20

projects

$324,805,771

NMTC Allocation

$587,328,157

in total project financing

5,247

FTE jobs

1,936

construction jobs

3

federally qualified health centers

6

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Ovenly

Brooklyn,
NY
(2018)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Local Initiatives Support Corporation

$600,000 working capital for bakery based in Brooklyn, NY with a focus on quality job creation and providing jobs to formerly incarcerated people.

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.

Institute For Community (Icl) Integrated Health Hub (Brooklyn, Ny)

Brooklyn,
NY
(2016)

Behavioral Health, Community, FQHCs, Recreation

CDE(s): Corporation for Supportive Housing, Primary Care Development Corporation, USBCDE

Construction of a healthcare facility that serves clients who suffer from mental illness, substance abuse, chronic homelessness and other hardships. The project allowed the organization to expand its 9,300 sq.

50 PENN

Brooklyn,
NY
(2022)

Affordable Housing, Grocery and Fresh Food

CDE(s): RBC Community Development

NMTC funding will provide funds for a new “FRESH” supermarket, plus operating expenses during lease-up and working capital during rent-abatement period. This project’s financing is part of a $10.5 million

Brooklyn Navy Yard, Building 128

Brooklyn,
NY
(2012)

Business Development, Incubator, Manufacturing, Science and Tech

CDE(s): Empire State Development Corporation, GS New Markets Fund, TruFund

Three CDEs turned a deserted, rotted-out structure and turned it into a hub for job creation.

Brooklyn Navy Yard, Building 77

Brooklyn,
NY
(2014)

Business Development, College or Vocational Training, Community, Healthcare, Incubator, Manufacturing, Vocational Training

CDE(s): BRP, Dudley Ventures, GS New Markets Fund

NMTC financing transforms vacant structure into world-class center for manufacturing and workforce development.

Projects Nearby the District

Brooklyn, NY (2016)

Institute For Community (Icl) Integrated Health Hub (Brooklyn, Ny)

Nydia Velázquez (D-NY07)

District Highlights

20

$324,805,771

$587,328,157

5,247

1,936

3

6

NMTC Project Profiles (Inside the District)

Projects Nearby the District

Projects Nearby the District

Institute For Community (Icl) Integrated Health Hub (Brooklyn, Ny)

St. John’s Bread and Life

City Point

Pitkin Avenue Theatre Redevelopment

Fine Fare Brooklyn

David L. Podell House – Educational Alliance of NY

Essex Crossing

Basketball City

Grand Basket Co Inc

GJDC Business Training Center