New Markets Tax Credits have contributed to critical projects in some of Minnesota’s most underserved cand economically challenged communities, particularly for our communities of color most affected by economic dispartity and especially in the wake of George Floyd’s murder and the civil unrest we saw as a result.
-Mary Stoick, SB New Markets CDE, LLC, Saint Paul, MN
Midwest Minnesota CDC allocated $10M to assist with a portion of the $17.9M development, construction, equipment, and other project costs for a new health center in Naytahwaush on the White
The project consisted of the refinance and acquisition of land, which KAB Properties purchased from the City of Owatonna in February 2023, and finance building construction costs for an approximately
NMTC financing for the renovation and expansion of the Minneapolis American Indian Center (MAIC), a nonprofit community center in the heart of the American Indian community of Minneapolis providing comprehensive
A $7 million allocation for the infrastructure development for 32 lots and build 15 homes with 80% reserved for low-income buyers. This development is close to downtown, transit, shops, and
