New Markets Tax Credit Coalition

Rockbridge Area Habitat for Humanity

Construction of affordable, for sale housing.

Investment

  • NMTC Amount: $681,594
  • Total Project Cost: $825,000

IMPACT

  • 2 FTE jobs
  • 7 construction jobs

Investor

Project Description

Thanks to NMTC financing and support from Smith NMTC, Rockbridge Area Habitat for Humanity was able to construct seven new affordable, for sale housing units in Buena Vista, Virginia.

MAP

Address: 1700 Spruce Avenue, Buena Vista City, VA 24416

Census Tract: 51530930600

Other Virginia Projects

In July 2011, Hampton Roads Ventures invested $9,730,000 in the Roanoke City Market Building, a Certified Historic Structure and former center of commerce and social interaction for downtown Roanoke.
Equipment purchase for state of the art 76,000 sq. ft. injection molding manufacturing facility which creates plastic caps and enclosures for use in the food and medical industries.
The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations Around Richmond To Assure Shelter (CARITAS).
The Norfolk Ship Repair and Drydock Company, located in the South Brambleton Redevelopment Area of Norfolk, VA.