B001281

Joyce Beatty (D-OH03)

DC Phone: 202-225-4324

Tax Staffer: Nick Semanko, [email protected] (Updated: 07/28/2021)

The NMTC is an important source of financing for businesses and community facilities in America’s most economically distressed rural and urban communities. Over the past 15 years, communities have come to count on the NMTC as a source of low-cost capital for challenging projects that would not have been possible but-for the NMTC. Since 2003, the Credit has delivered well over $100 billion in flexible capital to farming towns and urban neighborhoods left outside the economic mainstream. Those investments have generated over one million jobs at a cost to the federal government of less than $20,000 per job.
Without an NMTC extension, many of America’s urban neighborhoods and rural communities, struggling with high rates of poverty and unemployment, will lose access to billions of dollars for high-impact, community revitalization projects. For these reasons, we urge Congress to provide a permanent extension and expansion of the New Markets Tax Credit.

-Brian Higgins, Executive Director, Parson Avenue, Columbus, Ohio

District Highlights

NMTC Project Profiles (Inside the District)

Columbus, OH (2,020)

Redevelopment of five historic buildings located on the near east side of Columbus, Ohio, into an approximately 61,445 sq. ft., mixed-use, multi-tenant development to…

Columbus, OH (2,015)

The Childhood League Center (CLC) doubled both its space and the number of children it serves through construction of a new, LEED-certified 41,000 sq….

Columbus, OH (2,014)

Cristo Rey Columbus provides low-income families of all faiths with access to a strong college-preparatory education that is affordable. Finance Fund provided $10.56 million…

Columbus, OH (2,011)

The King Lincoln Gateway Building is located in the historic King Lincoln district of downtown Columbus, Ohio, directly across the street from the newly…

Columbus, OH (2,006)

Economically distressed urban communities face many challenges, including access to affordable healthcare, childcare, and housing. One often overlooked, but equally important challenge is access…

Columbus, OH (2,005)

This 21,000 square foot urban redevelopment project is located at the northeast corner of Cleveland and 11th Avenues in the Greater Linden area of…

State Fact Sheet