As a small rural community that also has a growing and “urbanizing” community the New Market Tax Credit program opened up capital to invest in affordable housing when other sources were either unattainable or depleted. It is a creative mechanism for allowing nonprofits to utilize tax credits to benefit their local communities. Without this opportunity, Loudon County Habitat for Humanity would have had to finance infrastructure and house construction costs paying tens of thousands of dollars in interest payments. Instead, we were able to serve more families by leveraging the funds gained through the New Market Tax Credit program and the interest saved by not having to borrow.
Loudon County Habitat for Humanity believes that shelter is a basic human need and that everyone deserves a simple, decent place in which to live and grow.
In 2011, NMTC financing helped Loudoun County Habitat construct 18 affordable, single-family homes.
Address: 179 Hope Way, Loudon, TN 37774
Census Tract: 47105060502
Universal Health Services, Inc. used NMTC financing to construct a 120‐bed trauma‐based residential treatment facility which will replace the current Mountain Youth Academy facility in the underserved community of Mountain
NMTC financing supported the launching of a new, onsite full-service oncology program for a safety net hospital in Memphis, TN. The project will occupy two dedicated floors in the Regional
