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Texas

State Fact Sheet

Texas State Fact Sheet

Map of Selected Projects in Texas

Community Testimonials

The NMTC facilitates economic development in neighborhoods that traditionally struggle to attract private investment.

-Karen Brooks-Crosby, Dallas City Homes, Texas

New Market Tax Credit Funding allows our organization to develop and build beautiful, equitable and sustainable homeownership communities throughout our service areas which provide hard working Americans a Hand Up out of poverty and create generational change for good.

-Phyllis Snodgrass, Austin Habitat For Humanity, Austin, Texas

Selected Projects in Texas

2018

Dallas, TX | 32nd District

Interfaith Family Services

Dallas Development Fund Pacesetter CDE
Interfaith Family Services, a nonprofit dedicated to empowering families in crisis to break the cycle of poverty, used NMTC…
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2020

Dallas, TX | 30th District

Reimagine RedBird Development

Capital One Dallas Development Fund
Financing for the repurpose of the historic Red Bird Mall in southern Dallas while focusing on community impact driven…
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2020

Austin, TX | 35th District

Mobile Loaves and Fishes: Community First! Village Phase 2

PeopleFund NMTC
Community First! Village: 312 housing units, support services, and facilities for individuals coming out of chronic homelessness….
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2020

Houston, TX | 29th District

The Center for Pursuit

Local Initiatives Support Corporation PeopleFund NMTC Texas Mezzanine Fund Urban Development Fund (Aries Capital)
Financing to acquire, develop, construct and lease certain improvements on a campus providing services for persons with intellectual and…
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2020

Dallas, TX | 33 District

Dallas Lite & Barricade

Capital One Dallas Development Fund
Remediation and rehabilitation of a 23,000+ sq. ft. warehouse building for equipment related to traffic control….
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Beth Van Duyne (R-TX) visits with Stonehenge and TWG Supply

Stonehenge Capital was honored to recently host Congresswoman Beth Van Duyne (TX-24) to discuss the bipartisan New Markets Tax Credit (NMTC) Program. We were joined by Christopher Giblin, President of TWG Supply. Located in Texas’ 24th Congressional District, TWG Supply supplies aftermarket parts for airport maintenance. After facing challenges in obtaining traditional financing, the business utilized the #NMTC Program to overcome the financing gap. The investment provided the Grapevine, TX based company the working capital to grow its business and workforce throughout the COVID-19 pandemic. Congresswoman Van Duyne’s leadership in supporting permanence for the #NMTC Program will ensure that
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