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

Almond Bros Lumber Co

Coushatta,
LA
(2014)

Manufacturing, Rural, Timber and Agriculture

CDE(s): Advantage Capital

Financing for a sawmill in Coushatta, Louisiana.

The ReFresh Project

New Orleans,
LA
(2013)

Community, Food Manufacturing, Manufacturing, Mixed-use, Retail, Schools

CDE(s): Chase, GS New Markets Fund

As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization.

Myrtle Banks Building

New Orleans,
LA
(2013)

Community, Historic Rehabilitation, Mixed-use, Nonprofit Hub

CDE(s): First NBC Community Development Fund

With the help of NMTCs and HTCs, Alembic Community Development restored the structure and transformed it into the 23,000-square-foot Jack and Jake’s Public Market, artist exhibition space and shared office

Centennial Place

New Orleans,
LA
(2013)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, Grocery and Fresh Food, Historic Rehabilitation, Manufacturing, Retail, Retail and Commercial, Shelters and Community Food

CDE(s): Enterprise Community Partners, VOANS

A new redevelopment project rresulted in 52 apartments, a commercial kitchen that prepares fresh and healthy meals for schools and social service clients and offer job training, and retail and

Jesuit Spirituality Center at St. Charles College

Sunset,
LA
(2012)

College or Vocational Training

CDE(s): First NBC Community Development Fund, Whitney New Markets Fund

NMTC financing helped renovate a building at St. Charles College

Americana YMCA

Zachary,
LA
(2012)

Community, Daycare and Early Childhood, Recreation, Shelters and Community Food, YMCAs and YWCAs, Youth and Families, Youth Program

CDE(s): East Baton Rouge Community Development Entity

The Americana YMCA project was the construction of a 26,000 sq. ft. community facility, with expansion capability of another 18,000 sq. ft., by the YMCA in Zachary, Louisiana.

Honeywell International, Inc.

Baton Rouge,
LA
(2012)

Business Development, Manufacturing

CDE(s): Chase, East Baton Rouge Community Development Entity

The design, procurement, construction and startup of a new facility to produce a low-global-warming blowing agent and propellant used in insulation and aerosols.

Baton Rouge Speech & Hearing Foundation

Baton Rouge,
LA
(2012)

Behavioral Health, Community, Healthcare

CDE(s): East Baton Rouge Community Development Entity

In December 2012, the Baton Rouge Speech & Hearing Foundation began construction on its new Emerge Center for Communication, Behavior & Development at Louisiana State University’s Innovation Park.

St Bernard Parish Hospital

Chalmette,
LA
(2012)

Community, FQHCs, Healthcare

CDE(s): St. Bernard Parish Redevelopment

n September 2012, St. Bernard Parish Hospital opened to provide quality and cost-effective healthcare services for the residents of St. Bernard Parish.

Central Louisiana Surgical Hospital

Alexandria,
LA
(2011)

Hospitals and Emergency Services

CDE(s): National New Markets Fund

CLSH is a short-term stay hospital recently expanded and opened in May of 2010, providing quality and effective patient services to both the insured and uninsured. Roughly 47% of CLSH

Central City Office and Retail

New Orleans,
LA
(2011)

Mixed-use, Office, Retail, Retail and Commercial

CDE(s): Local Initiatives Support Corporation

The development of a 17,801 sq. ft. commercial space in a four-story building that houses the New Orleans Redevelopment Authority.

St. Thomas Community Health Center

New Orleans,
LA
(2011)

Behavioral Health, Community, Disaster Recovery, FQHCs, Healthcare, Historic Rehabilitation, Katrina

CDE(s): Capital Link

St. Thomas Community Health Center, New Orleans, LA completed financing in March, 2011 to purchase and renovate a 10,000 sq. ft. historic building.

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