Washington Data and Stories

State Fact Sheet

Map of Selected Projects in Washington

Community Testimonials

We invest at 0% interest so we don’t extract from underserved communities — without policies like the NMTC, we will not be able to convince investors to lend to us at 0% or concessionary, regenerative rates that seek equitable outcomes for people. Please preserve the NMTC!

-Ryan Glasgo, COO, Community Credit Lab, Seattle, Washington

Selected Projects in Washington

Morrier Hotel

Yakima,
WA
(2005)

Business Development

CDE(s): Grow America

The construction of the Morrier Hotel is expected to help revitalize the City’s downtown by attracting tourists and new customers to nearby businesses.

Washington Forestry-Olympic Range Tree Farm

Clallam Bay,
WA
(2005)

Manufacturing, Parks and Forests, Rural, Targeted Populations, Timber and Agriculture

CDE(s): Rural Development Partners

NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested, and reverse

Compass Center

Seattle,
WA
(2005)

Addiction Treatment, Behavioral Health, Community, Healthcare, Nonprofit Hub

CDE(s): Grow America

Completed in mid-2005, the buildings provide transitional housing for 78 men for up to one year, 23 units of permanent low-income housing, space to prepare 500-1000 meals for the homeless,

Albers Mill

Tacoma,
WA
(2004)

Housing, Mixed-use

CDE(s): Local Initiatives Support Corporation

The Albers Mill project entailed the rehabilitation and expansion of a historic mill for residential and commercial use.

Site visits and recent news related to Washington NMTC Projects

WNC Provides $8 Million in Tax Credit Financing for Completion of 52,400-Square-Foot Navos Behavioral Health Care Campus in Burien, Wash.

February 15, 2012

New Markets Tax Credit Financing Paves the Way for a New Medical Center in Hilltop

October 11, 2012

Hobson Place Aims to Provide Housing Alongside Vital Services

October 11, 2020