Second Harvest Food Bank of Metrolina

New Markets Tax Credit Coalition

Charlotte,
NC
(2016)

Second Harvest Food Bank of Metrolina

Community, Shelters and Community Food

The expansion of Second Harvest Food Bank of Metrolina, doubling the size of their main warehouse

Investment

NMTC Amount: $13,000,000
Total Project Cost: $14,096,319

IMPACT

5 FTE jobs
100 construction jobs

CDEs

The Reinvestment Fund, Truist

Investor

Truist

Project Description

NMTC financing supported the expansion of Second Harvest Food Bank of Metrolina, doubling the size of their main warehouse. The expansion adds both a volunteer center and a recycling center to the environmentally efficient facility. Additionally, the renovations add improved parking, offices and more pallet slots and vehicle docks.

MAP

Address: 500 Spratt Street, Charlotte, NC 28206

Census Tract: 37119005200

Other North Carolina Projects

Selma Solar

Selma,
NC
(2014)

Energy, Solar

CDE(s): Self-Help

Financing for the development and management of a 2.3 MW solar farm located in Selma, North Carolina.

Raleigh Times Building

Raleigh,
NC
(2010)

Retail

CDE(s): Self-Help

One of Raleigh’s most important buildings in the first part of the 1900s, this building housed the Evening Times, which later became the Raleigh Times newspaper. The Times building possesses

Intergenerational Center for Arts and Wellness

Winston-Salem,
NC
(2022)

College or Vocational Training, Daycare and Early Childhood, Healthcare, Nonprofit Hub

CDE(s): CAHEC, CCG Community Partners, Truist

NMTC financing for a multitenant social service center providing improved access to quality elder care, healthcare, early childhood education, arts, and other social services.

Habitat for Humanity of Charlotte, Inc.

Charlotte,
NC
(2020)

Affordable Housing

CDE(s): USBCDE

This project will utilize NMTC financing to acquire, renovate and sell 28 affordable homes to families with low incomes. The QALICB recently celebrated serving its 2,000th family locally through new