New York Data and Stories

State Fact Sheet

Map of Selected Projects in New York

Community Testimonials

We are developing a new housing model that includes 174 units of low-income housing (affordable and supportive) and ground floor light manufacturing. The model will only work if both the residential and manufacturing components receive tax credit allocations under LIHTC and NMTC. This will provide housing and economic development opportunities in a very poor neighborhood in NYC.

-Carole Gordon, Senior VP for Housing Development, The Bridge, New York, New York

Selected Projects in New York

Sendero Verde

New York,
NY
(2019)

Affordable Housing, Mixed-use, Schools

CDE(s): Chase

The $18 million NMTC financing support from JPMorgan Chase is helping redevelop vacant city-owned land in East Harlem into a mixed-use development that will include 700 units of affordable housing

CHN East New York Health Clinic

Brooklyn,
NY
(2019)

Community, FQHCs

CDE(s): NYC Neighborhood Capital Corporation

$10.5 million new construction of a 9,500 sq. ft. Federally Qualified Health Clinic in East New York, Brooklyn.

The Adeline Wright-Graham Boys and Girls Club

Schenectady,
NY
(2018)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Theaters and Performing Arts Spaces, Youth and Families, Youth Program

CDE(s): Empire State Development Corporation

NMTC financing supported the Adeline Wright-Graham Boys & Girls Club (Boys and Girls Club of Schenectady NY)'s new location, which serves 300 children daily from the Hamilton Hill and Mont

Rego Park Aldi

Rego Park,
NY
(2018)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Empire State Development Corporation

Financing for the construction and renovation of five ALDI food stores in various regions of New York State; purchase equipment for a new stores; and pay related costs.

Rockaway Beach Medical Arts Campus

Queens,
NY
(2018)

Community, Healthcare, Sandy

CDE(s): Chase, NYC Neighborhood Capital Corporation

A transformative, $25 million, 55,000-sq. ft. state-of-the-art medical arts complex providing high-quality health care services to an underserved low-income community in a Federal Medically Underserved Area in the Rockaways, Queens.

Massena ALDI

Massena,
NY
(2018)

Grocery and Fresh Food, Retail, Retail and Commercial, Rural

CDE(s): Empire State Development Corporation

Financing for the construction and renovation of five ALDI food stores in various regions of New York State; purchase equipment for a new stores; and pay related costs.

Hornell Medical Village at St. James Hospital Medical

Hornell,
NY
(2018)

Community, Healthcare, Rural

CDE(s): Empire State Development Corporation

The fit out and equipping of 17,000 square-feet of medical office space.

Gates Aldi

Gates,
NY
(2018)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Empire State Development Corporation

Financing for the construction and renovation of five ALDI food stores in various regions of New York State; purchase equipment for a new stores; and pay related costs.

Universal Stainless

Dunkirk,
NY
(2018)

Business Development, Manufacturing, Rural

CDE(s): Bluehub

Finacning for a new mid-size bar cell capital project at its Dunkirk, NY facility.

Evergreen Health

Buffalo,
NY
(2018)

Community, FQHCs, Healthcare

CDE(s): Primary Care Development Corporation

Evergreen Health is an AIDS Services Organization, to address the crisis generated by HIV/AIDS and other sexually-related infections in Western NY.

Ovenly

Brooklyn,
NY
(2018)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Local Initiatives Support Corporation

$600,000 working capital for bakery based in Brooklyn, NY with a focus on quality job creation and providing jobs to formerly incarcerated people.

SUNY Broome Culinary Arts Center

Binghamton,
NY
(2018)

Adult Education, College or Vocational Training, Community, Culinary Entrepreneurship, Library, Restaurants and Catering, Retail and Commercial, Vocational Training

CDE(s): Empire State Development Corporation

SUNY Broome converted the former Carnegie Library downtown into a brand-new Culinary Arts Center.

Site visits and recent news related to New York NMTC Projects

Rep. Adriano Espaillat (D-NY) speaks at grand opening of Fine Fare supermarket

Grand Concourse Fordham is a mixed‐use commercial building with a grocery store tenant and a community services tenant.

Learn more...

Jun-2024

Congressman Ritchie Torres (D-NY) 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.

Learn more...

Mar-2021

Governor Hochul Announces Completion of $12.5 Million First National Bank Project in Olean as Part of Downtown Revitalization Initiative

June 27, 2023

New York City Regional Center-Managed Entity Provides Funding For Construction Of A Fifth Charter School

April 17, 2023

St. Johns Episcopal Hospital Announced Plans to Renovate and Expand

January 1, 2017