Project Type(s): Community and Food Banks
Project Year: 2017
NMTC amount: $6,500,000
Total Project Costs: $6,595,971
To meet growing demand for its services, the Missoula Food Bank on Monday, Feb. 27, 2017, closed on financing for its new $6.6 million headquarters at 1720 Wyoming St. with the help of the MoFi, First Security Bank and the New Markets Tax Credit (NMTC) Program. Using NMTCs, MoFi provided $1.4 million in funding that the Food Bank wouldn’t otherwise have received. Construction of the new headquarters wouldn’t have been possible on the same scale without NMTC funding.