Navajo Tribal Utility Authority Electrical Substations

Shiprock,
NM
(2009)

Navajo Tribal Utility Authority Electrical Substations

Community, Targeted Populations

Financing for the construction of two electrical substations on the Navajo Nation Reservation

Investment

NMTC Amount: $6,272,000
Total Project Cost: $6,272,000

IMPACT

78 FTE jobs
31 construction jobs
Brought 400 families, previously without power, onto the grid

CDEs

Travois

Investor

US Bank

Project Description

Working with US Bancorp Community Development Corporation (USBCDC) as the investor and The Navajo Tribal Utility Authority (NTUA) as leverage lender, Travois New Markets used $6.4 million in allocation to finance the construction of two electrical substations on the Navajo Nation Reservation. The new substations doubled electrical capacity to the Shiprock region without raising residents’ electric rates and brought 400 families, previously without power, onto the grid.

MAP

Address: , Shiprock, NM 87420

Census Tract: 35045942801

Other New Mexico Projects

Pueblo of Laguna Waste Water Utility Project 2

Casa Blanca,
NM
(2020)

Community, Manufacturing, Rural, Waste Management, Water Management

CDE(s): Clearinghouse CDFI, Ecotrust

The final phase of a $70 million phased in project to redo the entire water and waste water system on the reservation.

La Castenda

Las Vegas,
NM
(2018)

Business Development, Rural

CDE(s): Clearinghouse CDFI

Borrower is to rehabilitate the Plaza Hotel and rehab and re-open the La Castaneda Hotel.

Barelas Regeneration Project

Barelas/Albuquerque,
NM
(2022)

Daycare and Early Childhood, Mixed-use

CDE(s): Enterprise Financial CDE

Mixed-use investment responds to resident needs in culturally responsive ways.

Vibrant Corp

Albuquerque,
NM
(2023)

Manufacturing

CDE(s): Advantage Capital

Vibrant Corporation (“Vibrant”) is an Albuquerque, NM based company commercializing Process Compensated Resonance Testing (“PCRT”) technology: a method of non-destructive testing that uses vibrations to test the integrity of objects.