Vacant (TX-18)

Tax Staffer: Laura Rincon-Bianchi, laura.rincon-bianchi@mail.house.gov.

District Highlights

28 projects
340,788,204 in NMTC allocation
655,253,674 total project financing
3,517 FTE jobs created or retained
5,685 construction jobs created
3 manufacturing businesses
3 federally qualified health centers

28

projects

$340,788,204

NMTC Allocation

$655,253,674

in total project financing

3,517

FTE jobs

5,685

construction jobs

3

federally qualified health centers

3

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Houston Food Bank 1

Houston,
TX
(2016)

Community, Harvey, Shelters and Community Food

CDE(s): Urban Development Fund (Aries Capital)

The Houston Food Bank utilized NMTC financing to rehabilitate and add space to their current properties and to move the location of their kitchen to this updated site in order

Houston Food Bank 2

Houston,
TX
(2010)

Community, Harvey, Shelters and Community Food

CDE(s): CRFUSA, Grow America, Local Initiatives Support Corporation

The construction of a warehouse for Houston Food Bank, a freezer/distribution facility.

Hope Harbor

Houston,
TX
(2018)

Addiction Treatment, Behavioral Health, Healthcare, Shelters and Community Food

CDE(s): Capital One, PeopleFund NMTC, Urban Action Community Development

NMTC financing supported a nonprofit organization providing transitional housing for Houston's homeless population

Avenue Community Development Corporation

Houston,
TX
(2022)

Affordable Housing

CDE(s): Community Housing Capital

$5 million allocation will create approximately 18 homes for low-income buyers with median incomes averaging $36,000 per year. These buyers will receive pre-purchase financial counseling, homebuyer education, and ongoing support.

Houston Habitat for Humanity

Houston,
TX
(2021)

Affordable Housing, Community, Disaster Recovery, Habitat for Humanity, Harvey, Housing, Retail

CDE(s): Habitat for Humanity

Houston Habitat used NMTC financing for the site development and construction of 39 of the 84 affordable single-family homes planned in Phase 1 of their Robins Landing project.

Aker BioMarine

Houston,
TX
(2013)

Business Development, Manufacturing

CDE(s): Chase, National New Markets Fund, Texas Mezzanine Fund

Aker BioMarine, a Norwegian biotechnology firm, is partnering with the French nutraceutical firm, Naturex Inc., to convert a vacant Dryer’s Grand Ice Cream facility into a biomarine manufacturing plant which