In 2018, the NMTC promoted material improvement for the lives of nearly 4 million low-income residents through the financing of 249 nonprofits, social service programs, and community facilities.
NMTC-financed community facilities included stand-alone projects like hospitals and healthcare centers along with a variety of multi-component projects. Sixty-six percent of 2018 projects included a community facility component.
Atlanta Community Food Bank
Construction and equipping of food bank headquarters and distribution facility serving the metro Atlanta and North Georgia region. The new facility will nearly double the space available allowing the organization to double its annual distribution within 5 years. The new facility is strategically located to improve logistics and supply chain management to meet the needs of individuals facing food insecurity in the 29 counties served.
VOICES FROM THE COMMUNITY
“New Market Tax Credits are making it possible for the YMCA of Snohomish to replace a 100-year-old facility and to double the number of kids and families that will be served.
-Scott Washburn, YMCA of Snohomish County, WA
Serving 1.7 million people 113 million meals annually. For example, NMTC financing helped Mid-South Food Bank, one of the largest food banks in the nation, increase the amount of food distributed and number of clients served. Mid-South serves 400,000 people and 10.8 million meals annually.
Arts and Cultural Facilities
Benefiting 1,173,332 people annually. Includes 11 performing arts centers and museums
Serving 121,506 people annually. Includes 5 YMCAs and 4 Boys and Girls Clubs
Serving 445,585 patients annually. For example, the Callen-Lorde project involved the renovation and build-out of the third floor of a commercial office building in downtown Brooklyn for a new 25,000 square foot FQHC and pharmacy. The expanded facility will provide essential access to healthcare services for vulnerable LGBTQ youth and adults, those living with HIV/AIDS, projected to serve 15,000 patients and 58,000 visits annually.
Youth & Childcare Programs
Serving 460,446 children annually. For example, The Crispus Attucks Children’s Center in Dorchester, MA, which serves nearly 239 children and their families in Boston’s highest need neighborhoods.
Affordable Housing Units
Including workforce housing, affordable energy efficiency housing, and Habitat for Humanity builds.
29 colleges and vocational training centers, 17 homeless shelters and service-organizations, 16 schools, 11 social service hubs, 4 libraries, and 4 public markets