We have been able to complete construction on at least 8 projects in the downtown Flint area through the use of the NMTC program. Without these tax credits, the financial cost of construction within this area would be an insurmountable obstacle. Flint would continue to see vacant blighted buildings in its downtown instead of a thriving Farmers Market, rehabbed mixed use buildings bringing jobs and housing downtown, a children’s health facility, and many other projects.
-Stephanie Fenton, Uptown Reinvestment Corporation
Dreamtroit consists of the redevelopment of the former Lincoln Motor Company headquarters into a mixed-used, mixed-income historic redevelopment. The project aims to combat displacement of artists while delivering affordable residential
The Immaculata School is the rehabilitation of an innovative, foundational, and collaborative education facility serving K-5 and run by the Detroit Public School Community District (DPSCD). Rehab includes mechanical, electrical,
Capital Impact Partners provided loans totaling $8.4 million ($8.7 million NMTC allocation) for the renovation and expansion of an approximately 6,000 sq. ft. building into an approximately 23,300 sq. ft.
