New Markets Tax Credit Coalition

Virginia Data and Stories

State Fact Sheet

Map of Selected Projects in Virginia

Community Testimonials

It’s almost like it was waiting for us. It was meant for us. We will have the leadership team under one roof for the first time ever, which will be amazing.

-Karen Stanley, CEO, CARITAS, Virginia

Selected Projects in Virginia

Emory & Henry Health Sciences Building

Emory,
VA
(2019)

College or Vocational Training, Community, FQHCs, Healthcare, Vocational Training

CDE(s): People Incorporated Financial Services, Virginia Community Development Fund

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

Church Hill North Retail Center

Richmond,
VA
(2018)

Affordable Housing, Community, Culinary Entrepreneurship, Daycare and Early Childhood, Grocery and Fresh Food, Healthcare, Housing, Mixed-use, Retail, Retail and Commercial, Schools, Youth and Families

CDE(s): Bluehub, Capital One, City First, Local Initiatives Support Corporation

Construction loan for mixed-use development with grocery store, pharmacy, credit union, community space.

Phoenix Packaging

Dublin,
VA
(2018)

Business Development, Food Manufacturing, Manufacturing, Plastics and Chemicals

CDE(s): TD Community Development Corporation

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

Sessions Hotel

Bristol,
VA
(2018)

Business Development, Historic Rehabilitation

CDE(s): People Incorporated Financial Services

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

Martinsville Clean Energy Plant

Martinsville,
VA
(2017)

Community, Energy, Food Manufacturing, Manufacturing, Waste Management, Water Management

CDE(s): Dudley Ventures, French Lick Redevelopment CDE

The Martinsville Clean Energy project successfully combined Investment Tax Credits and New Markets Tax Credits for the design, construction and installation of state-of-the-art clean energy generation technology into an anaerobic

Commonwealth Crossing Business Centre

Ridgeway,
VA
(2017)

Adult Education, College or Vocational Training, Community, Food Manufacturing, Plastics and Chemicals, Rural, Vocational Training

CDE(s): People Incorporated Financial Services, Truist

Commonwealth Crossing Business Centre is a modern business and technology park designed to attract major manufacturers with the potential to add value to the local economy and create thousands of

River District Tower

DANVILLE,
VA
(2016)

Historic Rehabilitation, Housing, Mixed-use, Rural

CDE(s): Danville Virginia CDE

NMTC financing for River District Tower, a mixed-use project.

Monogram Snack

Martinsville,
VA
(2015)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Greenline Ventures, Rural Development Partners

NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant.

Petersburg Library

Petersburg,
VA
(2013)

Community, Daycare and Early Childhood, Infrastructure, Library, Municipal Facilities, Youth and Families

CDE(s): Local Initiatives Support Corporation, Wells Fargo

A new 42,160 sq. ft. library in Petersburg, VA.

Tiger Fibers

Lawrenceville,
VA
(2012)

Adult Education, College or Vocational Training, Community, Energy, Manufacturing, Rural

CDE(s): Midwest Renewable Capital

The acquisition and installation of equipment at a biofuels processing facility in rural Lawrenceville, Virginia, a community of approximately 1,400 people.

Waters Place

Culpepper,
VA
(2011)

Community, Incubator, Mixed-use, Retail, Workforce Housing

CDE(s): Hampton Roads Ventures

Revitalization of a commercial center in a distressed community of 16,000 by renovating the buildings into Water Place, a mixed-use development with retail and office space, community-oriented commercial space, and

Blue Ridge Medical Center

Arrington,
VA
(2011)

Community, Dental Services, FQHCs, Healthcare, Hospitals and Emergency Services

CDE(s): Locus Impact Fund

The construction of a $7.2M medical center and dental clinic which provide comprehensive medical and dental care, as well as rural health outreach programs, to medically underserved communities in rural

Virginia Data and Stories

State Fact Sheet

Map of Selected Projects in Virginia

Community Testimonials

Selected Projects in Virginia

Site visits and recent news related to Virginia NMTC Projects