HCI Construction

NMTC financing supported the HCI Construction project.

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 28 FTE jobs

Investor

Project Description

The Advantage Capital Community Development Fund was created to increase the investment capital available to entrepreneurs in Low-Income Communities throughout the nation, particularly those communities within New Orleans, St. Louis and other markets where Advantage Capital manages other, non-New Markets investment funds. The Fund is able to use the incentives offered by the New Markets Tax Credit program to access Advantage Capital’s deep and diverse stable of investors both to raise large pools of capital dedicated for investment in these areas and, when appropriate, to provide investment for entrepreneurial businesses that are not adequately served by traditional capital providers

MAP

Address: 909 Poydras Street, New Orleans, LA 70112

Census Tract: 22071013400

PDF Profile

Other Louisiana Projects

A $2.75 million investment in West Monroe-based cookie dough and confectionary distributor, Neighbor’s Cookies.
Abandoned automotive facility transformed into health center, empowering people to overcome addiction.
NMTC financing was structured as operational capacity to expand and re-open more than one million sq. ft. of medical services space including: 100-bed surgical hospital, a senior living facility for
NMTC financing from LIIF, Partners for the Common Good and Capital One to build a facility for kindergarten through 8th grade students