Below, find recent stories related to the New Markets Tax Credit.
Pasadena, TX
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on all New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 202
Automotive company to move Mazda dealership to Concord and expand employee training, community outreach efforts
Concord, NH
The project is estimated to cost nearly $10 million, will be financed through the federal New Markets Tax Credit program, with additional money coming from donations, UAMS said.
- Categories: Community, Daycare and Early Childhood, Youth and Families
The historic Illinois Alcohol Company Building in Buffalo, New York will soon become the new home of the West Side Bazaar,
Today in Santa Rosa, CA, the new, $53 million Caritas Center opened with supportive services for the unhoused. Congressman Mike Thompson (D-CA) attended the event.
Santa Rosa, CA
- Related Project: Caritas Center
- CDEs: Chase, Clearinghouse CDFI, Enterprise Community Partners
- Categories: Community
CAHEC New Markets, a NMTC Community Development Entity, has provided $12.5 million to Grady Health System for the expansion and renovation of the Ponce De Leon Center HIV/AIDS clinic.
- CDEs: CAHEC
- Categories: Healthcare
Two lawyers have helped build thousands of affordable houses in 30 cities using an obscure federal tax incentive
- CDEs: Habitat for Humanity
- Categories: Affordable Housing, Community, Disaster Recovery, Environment, Habitat for Humanity, Housing
Our House announced on Aug. 17 that it has closed on a $10 million NMTC financing package to expand its services for families and individuals who are homeless in central Arkansas.
- Categories: Community, Homeless Services, Homeless Shelter, Shelters and Community Food
How New Markets Tax Credit Can Help Pandemic Recovery
- Categories: Disaster Recovery, Floods
A new local music venue proves that when communities invest in themselves they don’t need to settle for Walgreens and Applebees.
Boston, MA
14-member caucus will support CDFIs and MDIs in their missions to support rural and low-income communities.
- Categories: Rural
Cleveland Development Advisors allocated $5 million in federal NMTCs to the Manufacturing Advocacy and Growth Network (MAGNET) for the build-out of the organization's Midtown headquarters.
- CDEs: Cleveland Development Advisors
- Categories: College or Vocational Training, Community, Vocational Training
Fort Worth-based Rhino Health USA, Inc. today announced the closing of a $58 million New Markets Tax Credit (NMTC) transaction that will help fund the company’s $200 million investment for its large-scale manufacturing expansion in North Texas.
- Categories: Healthcare
By tapping into the NMTC incentive program as an economic development tool to improve areas such as employment, food accessibility and education, communities provide residents with greater access and equity.
- CDEs: Capital One
For 40 years, Ronald McDonald House Charities of Central Ohio (RMHC of Central Ohio) has provided a home away from home for tens of thousands of families, offering home-like accommodations and supportive services designed to ease the burden families face when a child is seriously ill. This summer, as the nonprofit marks the start of its fifth decade in operation, it’s also celebrating the commencement of a massive facility expansion that, once completed in early 2024, will result in the largest Ronald McDonald House of 380 worldwide locations.
- CDEs: IFF
- Categories: Community, Healthcare, Ronald McDonald House