New York Data and Stories

State Fact Sheet

Map of Selected Projects in New York

Community Testimonials

[The NMTC] is a tremendous aid in providing access to affordable Capital in low-income communities and as a benefit for MWBE Development and businesses

-Demond Wilkerson, Managing Member, Modern Commercial Capital Institute, Bronx, New York

Selected Projects in New York

50 PENN

Brooklyn,
NY
(2022)

Affordable Housing, Grocery and Fresh Food

CDE(s): RBC Community Development

NMTC funding will provide funds for a new “FRESH” supermarket, plus operating expenses during lease-up and working capital during rent-abatement period. This project’s financing is part of a $10.5 million

The Chautauqua Center

Dunkirk,
NY
(2022)

Behavioral Health, Community, FQHCs

CDE(s): Primary Care Development Corporation

The construction of a new 37,500 sq. ft. health center facility that will consolidate two existing stand-alone sites (a primary care site, and a co-located behavioral health and dental health

Child Advocacy Center of BestSelf

Buffalo,
NY
(2022)

Behavioral Health, Community, FQHCs

CDE(s): Local Initiatives Support Corporation

This transaction supports for the new home for the Erie County Child Advocacy Center and headquarters for BestSelf. BestSelf Behavioral Health is the largest community-based additional program locations. BestSelf is

GJDC Business Training Center

Jamaica,
NY
(2022)

Incubator

CDE(s): NYC Neighborhood Capital Corporation

During the 55th anniversary celebration of its commitment and service to the community, the Greater Jamaica Development Corporation (GJDC) announced the upcoming opening of its new state-of-the-art office space, Greater

Lent Hill Ag-Grid

Cohocton,
NY
(2022)

CDE(s): Dudley Ventures

Lent Hill (LH) is the development and operation of a 2MW facility powered by local farmer’s food waste and silage. LH will process 43K gallons of local food waste per

Dream Charter School

Bronx,
NY
(2022)

Healthcare, Schools

CDE(s): NYCR-CDE, TruFund, USBCDE

This project will finance the redevelopment of the historic and iconic “History Channel Building,”previously vacant for more than 20 years, into a 188,181 sq. ft. educational facility in the Mott

Neighborhood Health Center of Western New York (“NHCWNY”) Riverway and Mattina projects.

Buffalo,
NY
(2022)

FQHCs

CDE(s): Corporation for Supportive Housing, Primary Care Development Corporation

The project consists of: (i) the purchase and renovation of NHC’s existing 23,000 sq. ft. health center facility at 300 Niagara St. (NHC Mattina) and the construction of a 15,000

Alstom Transportation

Hornell,
NY
(2021)

Business Development, Manufacturing, Rural

CDE(s): Bluehub, Chase, Community Development Venture Capital Alliance, Hampton Roads Ventures, Local Initiatives Support Corporation, Rural Development Partners

RDP allocated $10M in NMTCs to help Alstom expand their specialized manufacturing equipment line to rural America, and continue investing in Hornell (NY) as a key long-term U.S.

Community Healthcare Network Jamaica Health Clinic

Jamaica,
NY
(2021)

Affordable Housing, Community, FQHCs, Healthcare

CDE(s): NYC Neighborhood Capital Corporation

A new $11 million, 15,000 sq. ft. health clinic located in a medically underserved area in Downtown Jamaica, Queens.

GrowNYC Bronx Point Food Distribution Center

Bronx,
NY
(2021)

Behavioral Health, Community, Shelters and Community Food

CDE(s): NYC Neighborhood Capital Corporation

A new $40 million, 60,000 sq. ft. fresh food distribution center in Hunts Point, Bronx.

Saint Johns Community Hospital

Far Rockaway,
NY
(2021)

Behavioral Health, Community, Healthcare, Hospitals and Emergency Services, Safety Net Hospital

CDE(s): CCG Community Partners, Chase, NYCR-CDE

NMTC financing for the construction of a new 52,073 sq. ft., four-story health center located at 510 Beach 20th Street in Far Rockaway, NY.

Salt City Market Mixed-use

Syracuse,
NY
(2020)

Affordable Housing, Community, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing

CDE(s): Chase, Rose Urban Green Fund

New 78,000 sq. ft. mixed-use development that transforms a vacant lot, located at the intersection of 3 impoverished neighborhoods, into a mixed-use, multicultural, community hub.