Community

Muncie,
IN
(2023)

FQHCs, YMCAs and YWCAs

CDE(s): IFF, PNC, SCORE

Construction of a new, 66,000 sq. ft. YMCA facility in downtown Muncie, a rustbelt city long navigating socioeconomic change. The new and expanded offering, replacing an outdated nearby location, includes

YouthBuild Philadelphia Charter School

Philadelphia,
PA
(2023)

Schools

CDE(s): Chase, Consortium America, PIDC Community Capital, TruFund

ERF allocation helped finance the purchase and installation of equipment, as well as provide working capital for the Charter School. The overall project will finance the redevelopment of a 36,000-sf

Alabama School of Mathematics & Science

Mobile,
AL
(2023)

Schools

CDE(s): PNC, United Bank of Alabama

Alabama School of Math and Science (ASMS), founded in 1989 by the state legislature, is the state’s only free, fully public, and residential high school for sophomores, juniors, and seniors

Communities in Schools of Central Texas

Austin,
TX
(2023)

Schools

CDE(s): Capital One, PeopleFund NMTC, Petros Community Impact Fund

Construction of a 30,550 sq. ft. Central Office and Training Center for Communities in Schools, Central Texas (CIS-CT) on a 3.4-acre already purchased property in central southeast Austin. The location

Lawndale Christian Legal Center

Chicago,
IL
(2023)

Supportive Housing, Tech

CDE(s): Chicago Development Fund, Corporation for Supportive Housing

In November 2023, CDF provided $4.5 million in NMTC (NMTC) allocation to Lawndale Christian Legal Center (LCLC) to fund the rehabilitation of a 24,600-sq. ft. existing facility and the construction

Better Housing Coalition, Inc.

Richmond,
VA
(2023)

Housing

CDE(s): Housing Partnership Network

A Virginia nonprofit, Better Housing Organization is a leader in community revitalization and collaboration with local residents, government, and agencies to create positive and sustainable change. Since 1988, BHC has

University Charter School

Livingston,
AL
(2023)

Healthcare, Schools

CDE(s): PNC, TruFund, United Bank of Alabama, United Fund Advisors

Opened in 2018, UCS is a non-profit PreK-12 charter school in Livingston, Alabama. This small town is anchored by the University of Western Alabama (UWA), and the school currently shares

University Settlement

Cleveland,
OH
(2023)

Youth and Families

CDE(s): Cleveland Development Advisors

University Settlement is a social service nonprofit provider in the Slavic Village neighborhood in Cleveland, Ohio, where a majority of the residents are working poor and elderly, with over 30%

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

College or Vocational Training, Community

CDE(s): California Statewide Communities Development Corporation

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

Operation Food Search to Renovate Headquarters with $11 Million New Markets Tax Credit Allocation

Community, Shelters and Community Food

CDE(s): St. Louis Development Corporation

The renovation will amplify Operation Food Search's programming and impact, benefiting 200,000 individuals monthly with essential food and services.

How Capital One uses this federal program to lift up a historic Atlanta neighborhood

Affordable Housing

CDE(s): Capital One

Capital One participates in the federal New Markets Tax Credit (NMTC) program, which encourages community development and economic growth through the use of tax credits to attract private investment in

The Chautauqua Center

Dunkirk,
NY
(2022)

Behavioral Health, Community, FQHCs

CDE(s): Primary Care Development Corporation

The construction of a new 37,500 sq. ft. health center facility that will consolidate two existing stand-alone sites (a primary care site, and a co-located behavioral health and dental health

50 PENN

Brooklyn,
NY
(2022)

Affordable Housing, Grocery and Fresh Food

CDE(s): RBC Community Development

NMTC funding will provide funds for a new “FRESH” supermarket, plus operating expenses during lease-up and working capital during rent-abatement period. This project’s financing is part of a $10.5 million

Jesuit Spirituality Center at St. Charles College

Sunset,
LA
(2012)

College or Vocational Training

CDE(s): First NBC Community Development Fund, Whitney New Markets Fund

NMTC financing helped renovate a building at St. Charles College

Bad River Health and Wellness Center

Odanah,
WI
(2011)

Recreation

CDE(s): Travois

A new, modern, culturally appropriate health and wellness center

Blackfeet Community College

Browning,
MT
(2017)

College or Vocational Training

CDE(s): Mofi

New tribal college health science and education building to train needed professionals.

The Coquille Economic Development Corporation (CEDCO)

North Bend,
OR
(2005)

Recreation

CDE(s): Craft3

The Coquille Economic Development Corporation (CEDCO) is the business arm of the Coquille Indian Tribe. CEDCO saw an opportunity for the Tribe to transform a 50-acre former mill site on

Quinault Housing Authority

Taholah,
WA
(2019)

Affordable Housing

CDE(s): Chickasaw Nation Community Development Endeavor

In Washington, the Quinault Housing Authority (QHA) used $400,000 toward the construction of 35 new single-family homes, which are currently under construction in Taholah on the Quinault Reservation.

Washington County GreenHouse

Akron,
CO
(2015)

Healthcare, Housing

CDE(s): Capital Impact Partners, Chase

Ground-up construction of 4 Green House homes with skilled nursing care

VCOM Monroe

Monroe,
LA
(2018)

College or Vocational Training, Healthcare

CDE(s): Dakotas America

Edward Via College of Osteopathic Medicine (VCOM) is constructing a new 100,000 sq. ft. medical school building on the campus of the University of Louisiana at Monroe (ULM). VCOM trains

Loma Linda University Medical

San Bernardino,
CA
(2015)

College or Vocational Training, FQHCs

CDE(s): BRIDGE COMMUNITY DEVELOPMENT, Citibank, Urban Research Park CDE

NMTC financing supported the construction of a health clinic at Loma Linda University.

CDA Youth Center

Worley,
ID
(2019)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): Mofi

A place for Coeur D'alene Youth to "call their own."

Vehicles for Change

Salisbury,
MD
(2022)

Vocational Training

CDE(s): WesBanco

VFC purchased a property located at 31440 Winterplace Parkway in Salisbury, MD for the purpose of expanding their mechanic training center, which assists people exiting the prison system in receiving

The Packing House

Cambridge,
MD
(2021)

Community, Mixed-use

CDE(s): Mascoma Community Development, NeighborGood Partners, The Reinvestment Fund

The project consists of the rehabilitation of the 60,500 sq. foot historic Phillips Packing Company, Factory F into a mixed-use technology hub within a non-metropolitan, severely distressed tract in Cambridge,

A.W. Golden Cadillac Rehab

Reading,
PA
(2020)

Community, Mixed-use

CDE(s): Commonwealth Cornerstone Group

NMTCs helped Shuman Development Group convert a 45,288 sq. ft. building into a mixed-use retail shopping center. The property had been vacant for several years. The building now houses a

Smith NMTC Announces Closing of $24M Housing Partnership Network Allocation

Affordable Housing, Community, Housing

CDE(s): Housing Partnership Network

The Smith NMTC Associates team is excited to announce the closing of a $24 million Housing Partnership Network (HPN) New Markets Tax Credit (NMTC) transaction providing three separate NMTC loans

Dep. Treasury Sec. Adeyemo toured the RYSE Center, a youth center and climate resilience hub with solar and battery technology

Youth and Families

Today, Deputy Secretary of the Treasury Wally Adeyemo toured the RYSE Center, a youth center and climate resilience hub with solar and battery technology in northern California to highlight how

In Charleston, a Museum Honors a Journey of Grief and Grace

Museums

CDE(s): TD Community Development Corporation

The International African American Museum, in a former slave port, is about more than slavery. It’s about survival and resilience.

The Glorious Return of Hinchliffe, Yankee Stadium of the Negro Leagues

Community, Targeted Populations

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

Unlocking Funding Opportunities: How New Markets Tax Credits Can Benefit Nonprofits

Community

Nonprofit organizations (NPOs) that serve low-income communities often have difficulty raising funds to pursue their missions. The COVID-19 pandemic made fundraising even more difficult. Many NPOs are still struggling to