Below, find recent stories related to the New Markets Tax Credit.
The Confederated Tribes of the Colville Reservation built a new adult residential treatment center in the heart of its ancestral-land in Keller, WA.
Keller, WA
- Related Project: Colville Tribal Treatment Facility
- CDEs: Craft3, Ecotrust
- Categories: Community, FQHCs, Healthcare
NMTC financing supported equipment upgrades for a recycled paper manufacturer and paper mill.
Manistique, MI
- Related Project: UP Paper
- CDEs: Michigan Community Capital
- Categories: Business Development, Manufacturing, Rural
Financing for a new 50,000 sq. ft. facility will house a production kitchen, an expanded area for culinary training, a vegetable prep plant, and a seasonal venison processing plant.
San Antonio, TX
The construction of subdivision infrastructure (streets, sidewalks, curbs, sewer and water lines, gas and electrical and storm water drainage) to support the development of up to 300 affordable housing units.
Moab, UT
- Related Project: Arroyo Crossing
- CDEs: Community Development Finance Alliance
- Categories: Community, Housing, Rural
The new, multimillion-dollar Nomlaki Administrative and Community Centers.
Corning, CA
An expansion project that requires a multi-year capital investment of $22 million but is expected to yield an additional 50-70 new jobs for the rural community.
Lansing, MI
A new clinic expanded its current size by four times, and grew its scope of services to include primary care, behavioral health, nutrition, case management, and an in-house pharmacy to serve an estimated total of 8,500 patients in the Nanakuli community.
Waianae, HI
A new facility for a Boys and Girls Club.
Detroit Lakes, MN
To expand educational opportunities for children and support families in West Philadelphia, Drexel University undertook the challenge of expanding the capacity and improving the facilities of two existing neighborhood public schools in West Philadelphia.
Philadelphia, PA
Working capital for the Community Music Center, a nonprofit arts education organization, enabling it to continue to provide music education to approximately 5,000 local youth, young adults, adults and seniors.
San Francisco, CA
Redevelopment, expansion, and new construction of an owner-occupied nonprofit office and healthcare space with a community room that is accessible by multiple third-party nonprofits.
Philadelphia, PA
- Related Project: New PATH Headquarters
- CDEs: PIDC Community Capital, PNC
- Categories: Community, Healthcare, Nonprofit Hub
Funding for the Vallarta Van Nuys project was used for the substantial rehabilitation of the property to transform the 124,000 sq. ft. parcel of land into a 40,000 sq.
Van Nuys, CA
Construction of a 106,369 sq. ft. educational facility on donated property.
Milwaukee, WI
The rehabilitation and new construction of a public charter elementary school.
Birmingham, AL
After sitting vacant for more than a decade, the former WestPoint Stevens building in Abbeville is now buzzing with new life and 115 jobs after a $40 million transformation by Great Southern Wood.
Abbeyville, AL
Transofrmation of the Oakland Auditorium and Calvin Simmons Theatre into a mixed-use facility that will provide arts organizations and nonprofits with much needed, affordable, performance, rehearsal and office space all under one roof.
Oakland, CA
Construction of a 375,000 sq. ft. e-commerce grocery fulfillment center in Forest Park, Georgia.
Forest Park, GA
Financing for a technology manufacturer.
Saint Joseph, TN
Renovation an academic building as well as replacement an additional academic and administrative building.
Kansas City, KS
The acquisition of a renovated 32,000 square foot building that now houses educational and job training programs for immigrants and refugees sponsored by Hmong American Partnership.
Saint Paul, MN