New Markets Tax Credit Coalition

Benning Market

Investment

  • NMTC Amount: $15,000,000
  • Total Project Cost: $16,646,884

IMPACT

  • 64 FTE jobs
  • 12 construction jobs
  • In addition to job creation, the project targets 50% of jobs to Low-Income Persons or residents of Low-Income communities by partnering with local organizations and other training institutions to identify, recruit for employment and provide training to lower income individuals.

Investor

Project Description

2 buildings of multi-tenanted spaces including retail market space, light industrial, office and community facility healthcare space

MAP

Address: 3443 and 3451 Benning Road Northeast, Washington, DC 20019

Census Tract: 11001009604

Other District of Columbia Projects

DC Housing Enterprises (DCHE) and co-allocatee City First provided $26 million in NMTC financing for the new BFC Southeast Center. The facility meets several community development and economic priorities.
A 111,293 sq. ft. commercial development in the Congress Heights neighborhood in southeast Washington, DC.
Skyland Phase B-1, which closed on January 14, 2021, is the second phase of the multi-building, multi-phase, mixed-use Skyland Town Center; the redevelopment of a former dilapidated strip shopping center
$21.3 million of NMTC financing for the construction of 20 transitional housing units, SOME office headquarters and CET.