New York Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

… they are all business incubators, things that will create jobs. And these are good paying jobs and give people the opportunity…once they create their business, I want them to move out. I want them to go and make more money… Then somebody new will come in, take their space, and they will grow their business, move out and the whole process starts over.

Community Testimonials​

Jill Steen, Corporation for Supportive Housing, New York, NY

CSH has received five NMTC allocations totaling $235 M in credit allocations to finance 16 projects and counting that serve low-income, high-health need individuals that are homeless or at risk of homelessness. These projects include: 1) community health centers, 2) projects that offer supportive services including social, healthcare, educational, food security and/or workforce development programs; and (3) mixed-use projects with onsite supportive housing and the uses specified above. Our goal is to strengthen links between housing and services, and CSH offers free technical assistance and training to our borrowers to help further those connections. Specifically, our NMTC investments have:- Helped to build over 580,000 SF of service space, including nearly 250,000 SF for healthcare; – Generated a projected 1,600 construction jobs and over 800 permanent jobs; – Expanded access to primary healthcare, behavioral healthcare, early childhood and adult education programs, and case management services to over 89,000 people annually; and – Supported the development of over 1,200 affordable housing units, including over 800 supportive housing units.

New York NMTC Videos

New York NMTC Stories

2020
New 78,000 square foot mixed-use development that transforms a vacant lot, located at the intersection of 3 impoverished neighborhoods, into a mixed-use, multicultural, community…
2020
Finances the renovation of the historic National Biscuit Company Building. The 300-seat theater is developed in partnership with the City of Albany. It’s projected…
2020

Olean, NY 

The First National Project will renovate the historic former headquarters of the 1915 First National Bank and adjoining and Siegel’s Shoes buildings located in…
2019
NMTC financing supported the renovation of several buildings for the Boys and Girls Club of Newburgh. …
2008

Yonkers, NY 

The Yonkers Pier is the only turn-of-the 20th century pier still in use on the Hudson River….
2004

Yonkers, NY 

2011
The renovation of 28,000 sq. ft. of existing space and the construction of 27,000 sq. ft. of new space, designed to meet LEED Gold…
2005

Syracuse, NY 

Fralo Plastech Manufacturing LLC is a new Salina, New York based firm (near Syracuse, NY) that used the critical funding to purchase the world’s…
2016

Staten Island, NY 

Mixed-use development to bring fresh food, accessible healthcare and job opportunities to a highly distressed community in the South Bronx….
2016

South Bronx, NY 

The acquisition and renovation of a 35,000 sq. ft. building in the South Bronx for Boom!Health’s new Wellness Center….
2018
NMTC financing supported the Adeline Wright-Graham Boys & Girls Club (Boys and Girls Club of Schenectady NY)’s new location, which serves 300 children daily…
2013

Rochester, NY 

College Town is an exciting mixed-use, close-knit district providing the Rochester, New York community, University of Rochester and University of Rochester Medical Center students,…
2018

Rego Park, NY 

One of five small loans in the amount of $2 million or less to: (i) finance the construction and renovation of five ALDI food…
2018
A transformative, $25 million, 55,000-square-foot state-of-the-art medical arts complex providing high-quality health care services to an underserved low-income community in a Federal Medically Underserved…
2015

Peekskill, NY 

2007
The acquisition and renovation of a six-story commercial loft building for the Center for Urban Community Services to substantially expand its Career Network and…
2007

New York, NY 

StreetSquash is an innovative and successful urban youth enrichment program founded in 1999….
2013
Renovation of a former high school facility into a 24,000 sq. ft. state-of-the-art community center/K-12 school…
2009

New York, NY 

African art museum finds a permanent location on “Museum Mile” of New York City….
2017
A new, $48 million, 50,000-square-foot youth recreation and academic support center in Central Harlem, Manhattan, one of the most underserved urban neighborhoods in the…
2012

New York, NY 

New construction and renovation of acute-care hospital increases patient services and ensures the highest quality of care for economically disadvantaged NY neighborhoods….
2015

New York, NY 

Essex Crossing includes 1,000 residential for-sale and rental units, a 15,000 sf public park, a 10,000 sf rooftop urban farm and 1.9 million square…
2010

New York, NY 

New York’s classical music community gets a new, state-of-the-art rehearsal and recording space….
2010

New York, NY 

Warehouse space on a Lower East Side pier becomes a new athletic facility and public waterfront esplanade….
2018

Massena, NY 

One of five small loans in the amount of $2 million or less to: (i) finance the construction and renovation of five ALDI food…
2017

Maspeth, NY 

Financing for the expansion of a patio furniture manufacturer in Maspeth, NY…
2017

Jamestown, NY 

New national attraction generates laughs and investment in Jamestown, New York…
2010

Hornell, NY 

A new YMCA replaced the facilities of the 100-year-old Hornell Family YMCA, which plays a central role in the life of Cornell…
2018
The fit out and equipping of 17,000 square-feet of medical office space….