North Carolina Data and Stories

State Fact Sheet

Map of Selected Projects in North Carolina

Community Testimonials

NMTC program has enabled projects with myriad community benefits to be completed and jobs to be created that would not otherwise exist. I have seen this firsthand in states throughout the U.S.

-Bret Batchelder, Cherokee Investment Partners, LLC, Raleigh, North Carolina

Selected Projects in North Carolina

The Resurgent

Greensboro,
NC
(2024)

Healthcare, Incubator, Mixed-use

CDE(s): Innovate Fund, Partners for the Common Good, Wells Fargo

NMTCs address need for additional health services in medically underserved area

The Steelhouse at the Nussbaum Center for Entrepreneurship

Greensboro,
NC
(2024)

Manufacturing

CDE(s): CCG Community Partners, Truist

An Unparalleled Hub for Urban Manufacturing and Innovation in Greensboro, NC

North Carolina Central University

Durham,
NC
(2024)

College or Vocational Training, Community, FQHCs, Healthcare

CDE(s): Stonehenge Community Development, USBCDE

Financing to enable North Carolina Central University to enhance critical medical care at a new community health center in Halifax County, NC.

Sinnovatek – First Wave

Middlesex,
NC
(2024)

Manufacturing

CDE(s): Advanced CapAccess, Mid-City Community CDE

A food manufacturing facility increased local production and added jobs in Middlesex, NC

Central Harnett

Lillington,
NC
(2023)

Healthcare

CDE(s): Hampton Roads Ventures, People Incorporated Financial Services, River Gorge Capital, Truist

Construction of a 66,000 sq. ft. medical office complex to include Oncology, ENT, Rheumatology, Orthopedics and expansion space in rural Lillington, NC. Harnett Health, in conjunction with its affiliate Cape

Crown Equipment

Kinston,
NC
(2023)

Manufacturing

CDE(s): Five Points Capital, Rural Development Partners

New Markets Tax Credit allocation to helps Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated

Food Bank of Central and Eastern North Carolina – Wilmington

Wilmington,
NC
(2023)

Community

CDE(s): Rural Development Partners

New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch

Intergenerational Center for Arts and Wellness

Winston-Salem,
NC
(2022)

College or Vocational Training, Daycare and Early Childhood, Healthcare, Nonprofit Hub

CDE(s): CAHEC, CCG Community Partners, Truist

NMTC financing for a multitenant social service center providing improved access to quality elder care, healthcare, early childhood education, arts, and other social services.

The Mill House

Greensboro,
NC
(2021)

Affordable Housing, Community, Historic Rehabilitation, Housing, Mixed-use, Mixed-use and Commercial

CDE(s): National Trust Community Investment Corporation, RBC Community Development, Truist

NMTC financing for the Mill House, the final phase of the historic Revolution Mill Complex revitalization in Greensboro, North Carolina.

Second Harvest Food Bank of Northwest NC

Winston-Salem,
NC
(2021)

College or Vocational Training

CDE(s): CCG Community Partners, People Incorporated Financial Services, Urban Action Community Development

Urban Action Community Development deployed $6MM of its Round 17 NMTC Allocation for the new construction, FFE, and working capital needs of a food bank in Winston-Salem, NC.

Habitat for Humanity of the Charlotte Region

Charlotte,
NC
(2021)

Affordable Housing

CDE(s): Habitat for Humanity

Charlotte Region Habitat used NMTC financing to substantially finance the vertical construction of single-family detached homes built on 16 previously acquired infill sites scattered throughout distressed areas in the City

Habitat for Humanity of Charlotte, Inc.

Charlotte,
NC
(2020)

Affordable Housing

CDE(s): USBCDE

This project will utilize NMTC financing to acquire, renovate and sell 28 affordable homes to families with low incomes. The QALICB recently celebrated serving its 2,000th family locally through new

Site visits and recent news related to North Carolina NMTC Projects

Smith NMTC Announces Closing of $24M Housing Partnership Network Allocation

July 13, 2023

Albemarle mill gets new life with mixed-use plan

September 29, 2008

U.S. Bank to provide $16.5 million in tax credits for CORTEX Heritage Building

March 1, 2013