As the former Mayor of Huron, and current Economic Development Director, I can speak directly to the impact that the NMTC program has had in Huron.
NMTC funding was a critical component of the funding package for Central Park, a brownfield redevelopment project in the heart of Huron. This project had been languishing for years due to a lack of funding, along with significant challenges that had been identified within the project, including asbestos in buildings, petroleum contaminated soils, mold abatement, and other environmental challenges.
I can unequivocally state that the availability of NMTC funding was the only reason that the health hazards, environmental issues, and community blight located in the center of our city was able to be resolved. The project truly was a turning point for Huron; the resulting outcome not only created jobs and eliminated a blighted environmental hazard in Huron, but also provided enhancement for the arts, recreation, and education in our community.