El Camino Crossing

New Markets Tax Credit Coalition

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

Evera Healthcare

Clearwater,
FL
(2023)

FQHCs

CDE(s): Florida Community Loan Fund

Construction of new 18,000 sq-ft facility and 5,600 sq-ft expansion of existing facility to provide healthcare through an FQHC

The MET Development 2

Lexington,
KY
(2020)

Community, FQHCs, Grocery and Fresh Food, Healthcare, Mixed-use, Retail, Retail and Commercial

CDE(s): Community Hospitality Healthcare Services, USBCDE

Financing for a much-needed medical clinic and grocery store.

Vicente’s Tropical Grocery

Brockton,
MA
(2014)

Affordable Housing, Community, FQHCs, Grocery and Fresh Food, Healthcare, Historic Rehabilitation, Housing, Mixed-use

CDE(s): Chase, MHIC

Due to the lack of further expansion options at the existing store, Vicente's opened a second 33,416 sq. ft. store in downtown Brockton at 160 Pleasant Street in a very

RWDC Industries

Athens,
GA
(2020)

Business Development, Food Manufacturing, Manufacturing, Plastics and Chemicals, Waste Management

CDE(s): AMCREF Community Capital, Central States Development Partners, Dudley Ventures

Startup manufacturers new biodegradable plastics and rejuvenates the local economy.