Clallam Bay, WA (2005)
NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested, and reverse environmental damage that had previously been done. The land is a source of long-term log and fiber supplies for 11 local mills who employed 2,000 people, and the project would create 50-75 additional full-time positions. The NMTC benefit also allowed for the sale of over 4,000 acres to the Makah Tribe at a significant discount so that the land could be permanently used as a bridge between tribal homelands. 3,200 acres were purchased for permanent conservation of pristine habitat.
Timber and Agriculture