New Markets tax credit helped pump $1B into poor San Diego neighborhoods — but will it last?

One of the last remaining Negro League ballparks was nearly lost to history. But professional baseball has now returned to the fabled stadium, which stands as a monument to generations of Black players once consigned to the periphery of our national pastime.

Paterson, NJ

Related Project: Hinchliffe Stadium Rehab
Categories: Arts, Black History, Community, Targeted Populations

CSCDC Issues $11,000,000 in New Markets Tax Credits for College of the Desert

03/05/2024

The California Statewide Communities Development Corporation (CSCDC) has provided $11,000,000 of New Markets Tax Credit (NMTC) allocation to Desert Community College District (College of the Desert) for expansion of its community college campus in Indio, California.

CDEs: California Statewide Communities Development Corporation
Categories: College or Vocational Training, Community

NMTC VIDEO: Maverick Helicopters: A family-owned business providing high paying jobs in Las Vegas

05/31/2022

Maverick Helicopters is a 25-year-old family-owned helicopter tourism business located in Las Vegas, NV. The New Markets Tax Credit was a “saving grace” to help the business make it through the pandemic without having to sell assets or lay off staff.

Las Vegas, NV

CDFI Fund Native Initiative: A Path to Increasing New Markets Tax Credit Investment in Native Communities

10/17/2023

CDFI Fund releases two industry reports and a guide for Native entities.

Categories: Indian Country

Our House Closes $10M in NMTC Financing, Increases Capacity to Serve Central Arkansas Homeless

08/17/2022

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

New Markets tax credit helped pump $1B into poor San Diego neighborhoods — but will it last?

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