New York Data and Stories

State Fact Sheet

Map of Selected Projects in New York

Community Testimonials

I support NMTC because of how it can be used to support small businesses amount other things.

-Eli Robertson, Civic Builders

Selected Projects in New York

David L. Podell House – Educational Alliance of NY

New York,
NY
(2012)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Mixed-use, Youth and Families

CDE(s): Consortium America, Dudley Ventures, GS New Markets Fund, MBS Urban Initiatives

A $51.5 million one-of-a-kind community facility is now home to early childhood education programs, youth development and education programs, mental health counseling, art education programs for young artists and seniors,

City Point

Brooklyn,
NY
(2012)

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

CDE(s): GS New Markets Fund, United Fund Advisors

Catalytic multi-use development generates thousands of jobs, provides affordable housing, and brings fresh food and retail opportunities to an underserved neighborhood in Brooklyn, NY.

Foodirect Inc.

Bronx,
NY
(2012)

Warehouse and Wholesale

CDE(s): CRFUSA

NMTC financing for a food distribution facility, Foodirect Inc., a full-service food distributor that has been family-owned and operated since 1944. The company stocks over 5,000 unique food products and

Seneca Way

Ithaca,
NY
(2012)

Community, Housing, Mixed-use, Retail

CDE(s): Grow America

An infill project that includes the demolition of a vacant manufacturing facility in downtown Ithaca and the new construction of a mixed-use building on the site

Bronx Lighthouse Academy

Bronx,
NY
(2011)

Community, Schools, Youth and Families

CDE(s): Low Income Investment Fund

Through a partnership with JPMorgan Chase, LIIF provided Bronx Lighthouse Charter School NMTC financing to build a new high school in the South Bronx.

WCNY Broadcasting and Education Center

Syracuse,
NY
(2011)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Enhanced Capital, Grow America

The renovation of 28,000 sq. ft. of existing space and the construction of 27,000 sq. ft. of new space, designed to meet LEED Gold standards.

Larkin U Building

Buffalo,
NY
(2011)

Historic Rehabilitation, Mixed-use

CDE(s): Local Initiatives Support Corporation

Adaptive reuse of a vacant 239 Van Rensselaer building to provide approximately 42,000 sq. ft. of Class A office space to FNB, as well as approximately 12,000 sq. ft. of

Robin Hood – KIPP NYC College Prep

Bronx,
NY
(2011)

Community, Schools

CDE(s): Consortium America, CRFUSA, United Fund Advisors

A public college prep program finds a permanent home and a better education for 1,000 students in the Bronx.

New Settlement Community Center

Bronx,
NY
(2011)

Community, Daycare and Early Childhood, Public School, Recreation, Schools, Youth and Families

CDE(s): Local Initiatives Support Corporation

Construction of a 172,000 sq. ft. building that includes a 24,000 sq. ft. community center with an indoor pool financed through NMTC program, and a 148,000 sq. ft. public school.

Chobani

New Berlin,
NY
(2011)

Food Manufacturing, Manufacturing

CDE(s): Bank of America, CDF Development (Cordish), Dudley Ventures, Ecotrust, Empire State Development Corporation, Solomon Hess SBA Loan Fund

The renovation and equipping of a 70,000 sq. ft. facility in New Berlin, a highly distressed rural part of upstate New York.

WL Concepts

Freeport,
NY
(2011)

Warehouse and Wholesale

CDE(s): Carver National Bank

Financing supported an office and warehouse for WL Concepts, a Service-Disabled, Veteran-Owned Small Business in Freeport in 2011. WL Concepts is a leader in creating innovative, visual, and three-dimensional displays,