El Camino Crossing

Santa Fe,
NM
(2017)

El Camino Crossing

Community, Housing

New Mexico’s Homewise Inc. received funding to invest in one of Santa Fe's distressed areas.

Investment

NMTC Amount: $8,000,000
Total Project Cost: $9,379,380

IMPACT

26 FTE jobs
115 construction jobs

CDEs

Housing Partnership Network, New Mexico Finance Authority

Investor

US Bank

Voices from the Community

We use NMTC to create opportunities for affordable homeownership. Our homeowners help reinvigorate the distressed neighborhoods

-Emilee Powell, Manager of Impact Measurement and Financial Stability, Homewise, Santa Fe, New Mexico

Project Description

New Mexico’s Homewise Inc. received funding to invest in one of Santa Fe’s distressed areas.

The New Markets Tax Credit allocated $5 million to rehabilitated the Siler Road and Agua Fria area in Santa Fe. The area was determined a “severely distressed census tract,” and with the funding and the investment, there is now more 20 energy-efficient homes in the area as a result of it.

MAP

Address: 1124 Harrison Rd., Santa Fe, NM 87507

Census Tract: 35049001202

PDF Profile

Parq Hotel

Albuquerque,
NM
(2010)

Business Development

CDE(s): New Mexico Finance Authority

Former hospital turned into a landmark status hotel, the Parq Hotel.

Bailey Power Plant

Winston-Salem,
NC
(2016)

Affordable Housing, Brownfield Remediation, Community, Housing, Mixed-use, Retail

CDE(s): National Trust Community Investment Corporation, Urban Action Community Development, Urban Research Park CDE

The adaptive re-use of a former RJ Reynolds tobacco facility that is being redeveloped by Wexford Science and Technology, LLC into an 110,815 sq ft mixed-use, LEED Silver certified historic

Wash Cycle Laundry

Chelsea,
MA
(2018)

Business Development, Manufacturing

CDE(s): MHIC

Financing for the fit-out, equipment, start-up operating deficit, and working capital necessary to operate a 10,000 sq. ft. commercial laundry business.

Madcap Education Center

Cincinnati,
OH
(2017)

Daycare and Early Childhood, Mixed-use

CDE(s): Cincinnati Development Fund, USBCDE

NMTC supported renovation and expansion of an existing building for use as The Madcap Education Center.