Map of Selected Projects in Virginia

Community Testimonials

Now more than ever, we find the only sure way out of institutional poverty is through home ownership, the building of equity within the existing free market system. The New Markets Tax Credit program achieves that goal by providing much needed funding to physically build homes for hard working families within qualifying census tracts. This money goes directly from the closing of the transaction into the construction of these homes. Families work alongside volunteers to build their homes, they are provided with a mortgage calibrated to their income, and they pay for their homes over a 25 to 30 year period. This economic and tenure security changes the lives of both current and future generations, thus leveraging up the value of the New Markets Tax Credit investment. We urgently request a permanent extension of the NMTC, and additional allocation of funds to continue the transformational work this program makes possible.

-John Desmond, Greater Charlottesville Habitat for Humanity, Inc., Charlottesville, Virginia

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


Richmond, VA | 4th District

Renovation of the 166,276 SF, four-story Richmond Times Dispatch (RTD) building, consisting of a reconfigured and updated home for…

Danville, VA | 5th District

Equipment financing for the expansion of a salad dressing manufacturer. Company expanded production to a add new equipment…

Ridgeway, VA | 9th District

Commonwealth Crossing Business Centre is a modern business and technology park designed to attract major manufacturers with the potential…

Richmond, VA | 4th District

The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for…

Site visits to Virginia NMTC Projects