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The New Markets Tax Credit’s flexibility allows communities to access financing for a wide variety of businesses and community facilities prioritized by residents of low-income communities. For example, about four percent of NMTC-financing goes to schools.

School Success Stories:

2021

Hayward, CA | 14th District

YMCA of the East Bay’s Cherryland Early Learning Center

Low Income Investment Fund

This was a renovation of a facility to house the early learning center. All of the 80 children will…

2022

Salisbury, MD | 1st District

Vehicles for Change

WesBanco

VFC purchased a property located at 31440 Winterplace Parkway in Salisbury, MD for the purpose of expanding their mechanic…

2022

Mountain City, TN | 1st District

UHS Mountain Youth Academy

MuniStrategies Pathway Lending PNC

Universal Health Services, Inc. used NMTC financing to construct a 120‐bed trauma‐based residential treatment facility which will replace the…

2022

Pomona, CA | 35th District

The Village

TELACU

The Village Pomona “The project”, will entail the renovation and repurposing of the historic, 59,577 sq. ft., former YMCA…

2021

Cambridge, MD | 1st District

The Packing House

Mascoma Community Development NeighborGood Partners The Reinvestment Fund

The project consists of the rehabilitation of the 60,500 sq. foot historic Phillips Packing Company, Factory F into a…

2022

Anderson, SC | 3rd District

Red Bullet Anderson

The Innovate Fund

To bring additional quality manufacturing jobs into Anderson County, the Innovate Fund supported the 150,000 sq. ft. expansion of…

2022

Las Vegas, NV | 3rd District

Power Gen Components (2022)

Advantage Capital

Power Gen Components is a manufacturer of specialty nuts, bolts, and fasteners. The Company’s specialty products are used in…

2022

Baxley, GA | 1st District

New Baxley Operations LLC

AMCREF

New Baxley is using NMTC financing to equip and operate an existing manufacturing facility in Baxley, GA. The refurbished,…

2023

Morristown, TN | 1st and 3rd District

Lions Volunteer Blind Industries

Pathway Lending Petros

Lions’ mission is to assist visually impaired individuals in achieving personal and economic “independence through employment.” Its program hinges…

2016

Lewistown, PA | 13th District

Lewistown-MSF

Commonwealth Cornerstone Group USBCDE

New construction of a community healthcare facility that will provide comprehensive services to low-income persons….

2022

Conroe, TX | 8th District

Heat Transfer Tubular Products (2022)

Greenline Ventures

Heat Transfer Tubular Products, LLC is a leading value-added distributor of niche products to OEM’s of heat exchangers, condensers,…

2023

Batavia, NY | 24th District

GLOW Healthy Living Campus

Empire State Development Corporation Enterprise Community Partners

The project will replace the current YMCA building with new construction and will provide healthcare, wellness, and community services…

2023

Clearwater, FL | 13th District

Evera Healthcare

Florida Community Loan Fund

This Federally Qualified Health Center (FQHC) expansion project includes the renovation of 5,000 sq. ft. of its existing building…

2022

Reading, PA | 6th District

Berks County Trust Building

The Reinvestment Fund

The project renovates the historic and long-vacant Berks Trust building as well as the adjacent office building. The combined…

2020

Reading, PA | 6th District

A.W. Golden Cadillac Rehab

Commonwealth Cornerstone Group

NMTCs helped Shuman Development Group convert a 45,288 sq. ft. building into a mixed-use retail shopping center. The property…

2010

Raleigh, NC | 2nd District

CAM Raleigh

Urban Action Community Development

Historic rehabilitation of the Brogden Produce Company Warehouse into the new Museum for Contemporary Art and Design (CAM)….

2017

Villa Park, IL | 6th District

Nations Roof Chicago

Midwest Industrial Redevelopment Fund

NMTC financing supported a roof manufacturing and commercial roofing company….

2015

Paso Robles, CA | 19th District

Uptown Center

Capital Impact Partners Morgan Stanley

Construction of a mixed-use development that brings healthy foods to a federally-designated food desert….

2023

Wilmington, NC | 7th District

Food Bank of Central and Eastern North Carolina – Wilmington

Rural Development Partners

New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to…

2023

Fayetteville, TN | 4th District

Ariens Company

Legacy Economic Growth Fund Rural Development Partners

New Markets Tax Credits to help Ariens Company revitalize an abandoned facility bringing 350 new quality jobs to the…