Valerie Foushee (D-NC04)

Tax Staffer: Arturo Reyes, arturo.reyes@mail.house.gov.

District Highlights

35 projects
375,028,940 in NMTC allocation
775,398,315 total project financing
6,750 FTE jobs created or retained
8,324 construction jobs created
5 manufacturing businesses

35

projects

$375,028,940

NMTC Allocation

$775,398,315

in total project financing

6,750

FTE jobs

8,324

construction jobs

5

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

North Carolina Central University

Durham,
NC
(2024)

College or Vocational Training, Community, FQHCs, Healthcare

CDE(s): Stonehenge Community Development, USBCDE

Financing to enable North Carolina Central University to enhance critical medical care at a new community health center in Halifax County, NC.

Hill Building Rehab

Durham,
NC
(2007)

Business Development, Historic Rehabilitation, Mixed-use

CDE(s): National Trust Community Investment Corporation, Urban America

NMTC financing to rehab the Morgens Brothers building, constructed in 1910.

Weaver Street Market’s Food House

Hillsborough,
NC
(2008)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Capital Impact Partners

A NMTC transaction supported the purchase and development of a third healthy food retail site, and to develop warehouse capacity that allowed the market to provide healthy, freshly-prepared foods to

Student U-Pearson Center

Durham,
NC
(2017)

Community, Schools

CDE(s): Northern Trust, Truist

NMTC financing supported the Student U-Pearson Center

KIPP Durham

Durham,
NC
(2016)

Community, Schools

CDE(s): National Trust Community Investment Corporation

The $13.8 million redevelopment of Durham’s Historic Holloway Street School

Golden Belt Complex

Durham,
NC
(2003)

Business Development, Community, Historic Rehabilitation, Housing, Incubator, Manufacturing, Mixed-use, Mixed-use and Commercial, Research, Retail

CDE(s): National Trust Community Investment Corporation

The $12 million in total NMTC financing enabled Scientific Properties, LLC to rehabilitate a deteriorating factory; generate 140 construction related jobs and 400 permanent jobs; put six warehouses back into

Carmichael Building

Durham,
NC
(2013)

Adult Education, Business Development, College or Vocational Training, Community, Healthcare, Incubator, Manufacturing, Research

CDE(s): CAHEC, Telesis CDE Corporation, Urban Research Park CDE, USBCDE

A former Liggett and Myers tobacco warehouse in Durham, NC, the Carmichael Building, is now home to lab, research, and office space for Duke University's Molecular Physiology Institute.

Projects Nearby the District

Henderson, NC (2013)

Henderson Collegiate Public Charter

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Projects Nearby the District

Henderson, NC (2013)

Henderson Collegiate Public Charter

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