Racial Equity Archives

Historic Coliseum Building project (2023)

Minneapolis, MN

Business Development, Incubator, Racial Equity, Targeted Populations
CDEs: Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.

The NMTC financed facility aims to help community members realize their dreams by lifting up local BIPOC artists, while offering some permanent offices and several co-working spaces.

Historic Coliseum Building reopens after four-year restoration ()

Business Development, Incubator, Racial Equity, Targeted Populations
CDEs: Mid-City Community CDE, Midwest Minnesota CDC

The NMTC financed facility aims to help community members realize their dreams by lifting up local BIPOC artists, while offering some permanent offices and several co-working spaces.

Valley 101: The history of The Swindall Inn, a boarding house for black tourists in Phoenix ()

Business Development, Hotels and Tourism, Office, Racial Equity, Targeted Populations
CDEs: Prestamos CDFI

The International African American Museum ()

Arts, Black History, Community, Museums, Racial Equity, Targeted Populations
CDEs: South Carolina Community Loan Fund, TD Community Development Corporation

NMTC Investors Say Prices Stabilizing, Racial Equity Developments Attractive ()

Racial Equity

The landscape for new markets tax credit (NMTC) equity in 2022 looks good–but there's a possible hurdle.

Lendistry Collaborates With Mission-Focused Organizations to Revitalize a Los Angeles Black Business District ()

Loan Fund, Racial Equity

Destination Crenshaw's intentions are nothing short of transformative, and Lendistry is contributing New Markets Tax Credit allocations to empower their…

Cristo Rey – Milwaukee (2019)

Milwaukee, WI

Community, Daycare and Early Childhood, FQHCs, Grocery and Fresh Food, Healthcare, HFFI, Private School, Racial Equity, Religious Organizations, Retail, Retail and Commercial, Schools, Targeted Populations, Youth and Families, Youth Program
CDEs: First-Ring Industrial Redevelopment Enterprise, Forward Community Investments, Raza Development Fund, USBCDE

Construction of a 106,369 sq. ft. educational facility on donated property.

Latin American Montessori Bilingual Public Charter School (2008)

Washington, DC

Community, Racial Equity, Schools, Targeted Populations
CDEs: Bank of America

When the Latin American Montessori Bilingual Charter School in Washington, DC embarked on a project to renovate its new facility, NMTC financing helped the school finance energy efficiency measures that

Center in the Square/Market Square (2011)

Roanoke, VA

Arts, Business Development, Community, Daycare and Early Childhood, Historic Rehabilitation, Historic Tax Credit, Hotels and Tourism, Museums, Racial Equity, Targeted Populations, Theaters and Performing Arts Spaces, Youth and Families
CDEs: Truist, Virginia Community Development Fund

Since its inception in 1983, Center in the Square has been the major catalyst for development and renewal in downtown Roanoke, VA.

Friend Health Woodlawn HQ (2020)

Chicago, IL

Affordable Housing, Community, FQHCs, Healthcare, Mixed-use, Racial Equity, Retail, Retail and Commercial, Targeted Populations
CDEs: MBS Urban Initiatives, SCORE, Urban Development Fund (Aries Capital)

Construction of a 38,000 square foot new medical clinic and corporate offices located in the economically distressed and medically underserved neighborhood of Woodlawn on Chicago’s south side.

St. Louis Community Credit Union – Gateway Branch (2017)

Saint Louis, MO

Community, Racial Equity, Targeted Populations
CDEs: St. Louis Development Corporation

The Wealth Accumulation Center on Gravois, serving an additional 10,000 low-income persons.

Better Family Life Cultural Educational and Business Center (2012)

Saint Louis, MO

Arts, Community, Racial Equity, Targeted Populations
CDEs: MBS Urban Initiatives

Financing for a community development not-for-profit corporation dedicated to the prosperity and growth of the American family.

Claude Moore Complex (2006)

Roanoke, VA

Adult Education, Arts, College or Vocational Training, Community, Culinary Entrepreneurship, Higher Education, Racial Equity, Targeted Populations, Theaters and Performing Arts Spaces
CDEs: Hampton Roads Ventures

Adaptive and reuse redevelopment of an 83-year-old historic theater that housed the offices of celebrated African American filmmaker Oscar Micheaux in the 1920s.

Swindall Tourist Inn (2008)

Phoenix, AZ

Business Development, Hotels and Tourism, Office, Racial Equity, Targeted Populations
CDEs: Prestamos CDFI

The Swindall Tourist Inn was converted and renovated thanks to NMTC financing.

Expertise Cosmetology Institute (2018)

North Las Vegas, NV

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Racial Equity, Targeted Populations, Vocational Training, Youth and Families
CDEs: Clearinghouse CDFI

Las Vegas training institute continues to grow thanks to ongoing support from Clearinghouse CDFI

Banyan (2016)

Minneapolis, MN

Community, Community Center, Daycare and Early Childhood, Food Bank or Pantry, HFFI, Homeless Services, Mixed-use, Nonprofit Hub, Racial Equity, Shelters and Community Food, Targeted Populations, Youth and Families
CDEs: CRFUSA

With NMTC financing, Banyan Center was able to build a 31,000 sq. ft. facility that includes: study rooms for high schoolers, elementary and middle school space, laundry facilities for busy

International African American Museum (2017)

Charleston, SC

Arts, Black History, Community, Museums, Racial Equity, Targeted Populations
CDEs: South Carolina Community Loan Fund, TD Community Development Corporation

NMTC financing to the International African American Museum in Charleston, South Carolina, to assist in its construction project and opening.