Virginia Data and Stories

Map of Selected Projects in Virginia

Community Testimonials

The NMTC helps to save lives, create new quality jobs, workforce training, promote inclusive communities, create services and amenities that residents in underserved communities can access. The permanency of the program is critical in order for CDEs/ CDFIs and other organizations to continue to serve the underserved populations.

-Gabriel Derosier, MainStreet Community Capital, Fairfax, VA

Selected Projects in Virginia

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Monogram Foods (2023)

Martinsville, VA

Expansion of a food packaging facility, creating significant quality and accessible jobs. Project is committed to local hiring and internal career advancement opportunities. Supported the facility expansion and equipment purchase

Better Housing Coalition, Inc. (2023)

Richmond, VA

A Virginia nonprofit, Better Housing Organization is a leader in community revitalization and collaboration with local residents, government, and agencies to create positive and sustainable change. Since 1988, BHC has

Millwald Theatre Inc. (2021)

Wytheville, VA
After years of planning, Millwald Theatre Inc. was given the go-ahead to begin construction thanks to NMTC financing.

Temperpack (2021)

Richmond, VA
NMTC financing helped a Richmond manufacturer expand its capacity and create more jobs.

Polycap (2020)

Lebanon, VA
Equipment purchase for state of the art 76,000 sq. ft. injection molding manufacturing facility which creates plastic caps and enclosures for use in the food and medical industries.

Litehouse (2020)

Danville, VA
Equipment financing for the expansion of a salad dressing manufacturer. Company expanded production to a add new equipment lines to increase volume of production and job creation at this location.

Richmond Times Dispatch Building (2020)

Richmond, VA
Renovation of the 166,276 SF, four-story Richmond Times Dispatch (RTD) building, consisting of a reconfigured and updated home for RTD personnel, a corporate headquarters for Shamin Hotels and additional office

Anna Julia Cooper Episcopal School (2020)

Richmond, VA
The project expands AJCES with a new building and gymnasium on a site adjacent to its existing school building.

Emory & Henry Health Sciences Building (2019)

Emory, VA
The second phase of renovation of an old hospital into classrooms, lecture halls, laboratories, and clinical space for E and H graduate programs.

The CARITAS Center (2019)

Richmond, VA
The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations Around Richmond To Assure Shelter (CARITAS).

Sessions Hotel (2018)

Bristol, VA
Adaptive reuse of local landmark as a boutique hotel and centerpiece of downtown revitalization efforts.

Phoenix Packaging (2018)

Dublin, VA
NMTC financing helps jump-start recycling plant in rural Virginia.

Site visits and recent news related to Virginia NMTC Projects

The Smith NMTC Associates team is excited to announce the closing of a $24 million Housing Partnership Network (HPN) New Markets Tax Credit (NMTC) transaction providing three separate NMTC loans of $8M each to Better Housing Coalition, Community Asset Preservation Corporation, and DreamKey Partners (formerly known as Charlotte-Mecklenburg Housing Partnership). U.S. Bancorp Community Development Corporation was the investor in the transaction.