Louisiana Data and Stories

State Fact Sheet

Map of Selected Projects in Louisiana

Community Testimonials

Every year I see the effect that the New Markets Tax Credit program has on our projects. Whether it’s closing a funding gap caused by construction cost inflation, adding a wing to a hospital in desperate need of additional inpatient beds, or providing additional funding for an autism school to expand programming and diagnostic space, this program works. It creates jobs across all 50 states, bolsters community groups and develops low-income census tracts. It’s time to make this program permanent.

-Cameron Garner, True Mountain Capital, New Orleans, LA

Selected Projects in Louisiana

Riverland Medical Center

Ferriday,
LA
(2018)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): Hope Enterprise, The Reinvestment Fund, USBCDE

Riverland Medical Center serves rural Concordia Parish in eastern central Louisiana, about 180 miles north of New Orleans along the Mississippi River.

VCOM Monroe

Monroe,
LA
(2018)

College or Vocational Training, Healthcare

CDE(s): Dakotas America

Edward Via College of Osteopathic Medicine (VCOM) is constructing a new 100,000 sq. ft. medical school building on the campus of the University of Louisiana at Monroe (ULM). VCOM trains

Vidalia Denim

Vidalia,
LA
(2018)

Business Development, Manufacturing, Rural

CDE(s): AMCREF Community Capital, Local Initiatives Support Corporation

Financing for Vidalia Mills, a startup denim manufacturer producing high-quality fabrics using sustainable and eco-friendly processes.

Booker T. Washington

New Orleans,
LA
(2017)

Community, Disaster Recovery, Healthcare, Katrina, Schools

CDE(s): Civic Builders

As part of the post-Katrina overhaul of all New Orleans' school facilities, the Recovery School District is preserving and refurbishing two parts of the historic Booker T. Washington building: the

Odyssey House Louisiana

New Orleans,
LA
(2017)

Addiction Treatment, Behavioral Health, Community, Culinary Entrepreneurship, Disaster Recovery, FQHCs, Healthcare, Historic Rehabilitation, Katrina, Shelters and Community Food

CDE(s): Enterprise Community Partners, GS New Markets Fund

Abandoned automotive facility transformed into health center, empowering people to overcome addiction.

CommCare Corporation

Mandeville,
LA
(2017)

Community, Healthcare

CDE(s): Hope Enterprise

New Nursing Facility Financed with NMTC Brings Advanced Care Options, Jobs and Increased Revenue to Louisiana Community

KIPP Charter School

New Orleans,
LA
(2017)

Community, Public School, Schools, Youth and Families

CDE(s): Capital One, Low Income Investment Fund, Partners for the Common Good

NMTC financing from LIIF, Partners for the Common Good and Capital One to build a facility for kindergarten through 8th grade students

New Orleans Center for Creative Arts

New Orleans,
LA
(2017)

Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Incubator, Vocational Training

CDE(s): Enhanced Capital, United Fund Advisors

New Orleans Center for Creative Arts is a regional, pre-professional arts training center that offers students intensive instruction in culinary arts, dance, media arts.

New Orleans Culinary and Hospitality Institute (NOCHI)

New Orleans,
LA
(2017)

Adult Education, College or Vocational Training, Community, Culinary Entrepreneurship, Vocational Training

CDE(s): Enhanced Capital, United Fund Advisors

The transformation of a failed arts center in New Orleans’ Warehouse District into a world-class culinary institute.

Kingsley House

New Orleans,
LA
(2015)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Chase, Low Income Investment Fund

NMTC financing for the Kingsley House, a United Way Community Impact Partner and nationally renowned as the oldest Settlement House in the South, has served more than half a million

Ashlar Medical

Natchitoches,
LA
(2014)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital

Financing for a manufacturer and wholesaler of medical testing equipment

Primary Health Services Center, Monroe LA

Monroe,
LA
(2014)

FQHCs

CDE(s): Capital One, Primary Care Development Corporation

Primary Care Development Corporation (PCDC) and Capital One have invested $14.0 million in New Markets Tax Credit allocation (NMTCs) into Louisiana-based Primary Health Services Center (PHSC) to expand its integrated

Site visits and recent news related to Louisiana NMTC Projects

Rep. Garrett Graves (R-LA) Tours Westport Linen

Congressman Garrett Graves (R-LA) visited NMTC-financed Westport Linen Services

Learn more...

Aug-2017

Senator Cassidy (R-LA) Visits NMTC-Financed Trucking Innovation

U.S. Senator Bill Cassidy, M.D. (R-LA) visited Trucking Innovation, a thriving minority-owned business that supports local construction projects via trucking, hauling and contracting services.

Learn more...

Aug-2023

New Nursing Facility Financed with NMTC Brings Advanced Care Options Jobs and Increased Revenue to Louisiana Community

November 1, 2018

Myrtle Banks Redevelopment Honored by Novogradac

August 1, 2015

The St. Rose de Lima Church Celebrates Grand Re-Opening as the Rose Collaborative

October 14, 2018