New Markets Tax Credit Coalition

Sylvia Garcia (D-TX29)

Tax Staffer: Tammy Pham, tammy.pham@mail.house.gov.

District Highlights

16 projects
180,814,529 in NMTC allocation
231,103,054 total project financing
2,151 FTE jobs created or retained
1,077 construction jobs created
5 manufacturing businesses
6 federally qualified health centers

16

projects

$180,814,529

NMTC Allocation

$231,103,054

in total project financing

2,151

FTE jobs

1,077

construction jobs

6

federally qualified health centers

5

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Houston Meat Distributors, Inc.

Pasadena,
TX
(2022)

Business Development, Food Manufacturing, Manufacturing, Retail

CDE(s): Five Points Capital

The relocation and expansion of Houston Meat Distributors, Inc. into their new headquarters, which includes a new, state-of-the-art, cold storage facility

The Center for Pursuit

Houston,
TX
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Healthcare, Mixed-use, Nonprofit Hub, Restaurants and Catering, Retail, Retail and Commercial, Shelters and Community Food

CDE(s): Local Initiatives Support Corporation, PeopleFund NMTC, Texas Mezzanine Fund, Urban Development Fund (Aries Capital)

Financing to acquire, develop, construct and lease certain improvements on a campus providing services for persons with intellectual and developmental disabilities.

The Rhodes School

Houston,
(2009)

Community, Public School, Schools, Youth and Families

CDE(s): Self-Help

Self-Help provided NMTC financing for the Rhodes School, which expanded parents' educational choices in the North Channel area

HOPE Clinic Health and Wellness Center

Houston,
TX
(2021)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Chase, PeopleFund NMTC, Primary Care Development Corporation

A FQHC established to provide quality healthcare services to all people in the Greater Houston area, regardless of the patient’s ability to pay.

Woodgrain Millwork

Houston,
TX
(2011)

Business Development, Manufacturing

CDE(s): Chase

Financing for Woodgrain Millwork, a distributor of wood molding and other lumber materials for the residential housing market.

Vecino Health Services

Houston,
TX
(2018)

Community, FQHCs, Healthcare

CDE(s): Capital One, MBS Urban Initiatives

The project supports the partial renovation and expansion of the two existing clinics owned by Vecino.

SER-Jobs for Progress

Houston,
TX
(2017)

Adult Education, College or Vocational Training, Community, Vocational Training

CDE(s): Capital One, Local Initiatives Support Corporation

New construction of a workforce opportunity center that provides job training, education and financial literacy services.

BakerRipley East End Business and Employment Center

Houston,
TX
(2017)

Incubator, Office, Retail, Retail and Commercial

CDE(s): Capital One, Raza Development Fund

Financing for a Business and Employment Center.

Projects Nearby the District

Houston, TX (2010)

Houston Food Bank 2

Houston, TX (2016)

Houston Food Bank 1

Houston, TX (2021)

Houston Habitat for Humanity

Projects Nearby the District

Houston Food Bank 2

Houston, TX (2010)

Project Photo of a project nearby the district

Houston Food Bank 1

Houston, TX (2016)

Project Photo of a project nearby the district

Houston Habitat for Humanity

Houston, TX (2021)

Project Photo of a project nearby the district