New York

Map of Selected Projects in New York

Community Testimonials

I am writing to strongly advocate for the permanence of the New Markets Tax Credit (NMTC) program, a crucial initiative that has consistently shown its power to uplift our nation’s most economically challenged communities. As someone who has been deeply involved in the finance and community development sectors for over a decade, I’ve seen firsthand the transformative effects of NMTC on low-income areas. This program is not just a subsidy; it’s a financial catalyst. It attracts vital private capital to neighborhoods that would otherwise remain overlooked and underfunded. By focusing on low-income census tracts, NMTC aligns perfectly with our collective goal to foster equitable outcomes in community development. Through leveraging private investment, NMTC helps finance essential social services such as health centers, schools, and community centers. These facilities serve as the backbone of any prosperous society, and their absence is sorely felt in disadvantaged areas. By endorsing the permanence of NMTC, we aren’t merely providing a financial boost; we are laying the groundwork for holistic community revitalization.

-Amir Ali, Low Income Investment Fund, Valley Cottage, NY

Selected Projects in New York

Congressman Ritchie Torres Attends Groundbreaking for $39 million New York Regional Food Hub

Construction has started on the 60,000-square-foot New York State Regional Food Hub in the Hunts Point neighborhood of the Bronx.

The Commissary Kitchen Incubator’s Ribbon Cutting at Rochester’s Sibley Building

Senator Says $35M Project Will Support Jobs And Regional Tourism, And Have A $400M Economic Impact; Project Is Underway And Attracting Private Donations, But Requires NMTC To Get Over The Financing Finish Line Schumer Has Made The Extension Of The NMTC Program A Top Priority; Program Has Proved to Be Effective Time & Time Again Schumer: New Markets Tax Credits Will Put The FUN In Funding For Explore And More Children’s Museum  During a visit to Buffalo, U.S. Senate Minority Leader Charles E. Schumer today visited the soon-to-be Explore and More Children’s Museum, to launch a major effort to secure $35 million in