Corey Schultz, JPMorgan Chase, Chicago, IL
I’ve seen the program work for disadvantaged communities for many years.
Demetria Reed-McNeal, Home Sweet Home Community Redevelopment Corporation, Houston, TX
its been help us rebuild our community and help nonprofits assist with that program.
Joyce Wilson, Before & After Projects, LLC, Williston, FL
In rural communities, economic development is a significant factor in job growth and assists in the sustainability of our communities.
Deborah De Santis, Corporation for Supportive Housing, New York, NY
As a national CDFI focused on improving marginalized communities, the NMTC program has been an important tool for creating greater access to healthcare, food security and employment training for residents.
Cynthia Rourk, CLIMB Fund, Charleston, SC
New Market Tax Credits are an important tool for incentivizing high-quality community economic development in underserved areas.
Victor Elmore, Texas Mezzanine Fund, Dallas, TX
The NMTC has allowed the Texas Mezzanine Fund to assist in financing significant business development and job creation within the State of Texas through receiving $468 million in allocation in eleven awards. In addition, fees earned through the NMTC program has greatly assisted in TMF’s organic growth of its CDFI loan fund which has assisted […]
Michael Rochford, St. Nicks Alliance, Brooklyn, NY
New Market Tax Credits permit private investment in critical public benefit projects. We have used the NMTC in past to purchase a new building that will yield a 30 year community benefit. We urge your support.
Michelle Lonero, Ronald McDonald House Charities of Northeast Ohio, Inc., Cleveland, OH
The NMTC was instrumental in allowing the necessary funding be received to expand and renovate both the Ronald McDonald House of Cleveland and Ronald McDonald House of Akron. These completed projects have allowed more families with children receiving medical treatment benefit from our services including housing, food, laundry, transportation, close proximity to the medical center […]
Daria Devlin, Erie Center for Arts & Technology, Erie, PA
ECAT utilized the first New Market Tax Credit deal in Erie County to rehabilitate an 80,000 sqft closed school building and convert it to a multi-use community facility that includes healthcare, job training, youth programming and social services. As a non-profit, we had no other tool at our disposable to make this vision a reality. […]
Victor Elmore, Texas Mezzanine Fund, Dallas, TX
As the result of the NMTC program, TMF has been able to provide a much needed financing product to its market at a per transaction size that it could have not accomplished on its own. The benefit to affected communities has been tremendous.
Reagan Carrera, Central Oklahoma Habitat for Humanity, Inc, Oklahoma City, OK
The New Market Tax Credit allowed Central Oklahoma Habitat for Humanity further our mission to provide affordable housing to Central Oklahoma.
Amy Rowland, Community Development Finance Alliance, Salt Lake City, UT
CDFA has used 4 NMTC allocations over the last 10 years to fund 16 important community development projects in Utah. The NMTC equity helped close funding gaps, resulting in completed projects that bring health care, child care, education, small businesses, jobs, supportive services and affordable housing to distressed communities in both urban and rural areas […]
Cindy Logsdon, Citizen Potawatomi Community Development Corporation, Shawnee, OK
[The NMTC] deploys much needed capital in the disadvantaged Native communityies we serve.
Alan Shuman, Shuman Development Group, Reading, PA
The New Markets Tax Credit program has brought over $100 million of investment and over 1,000 jobs to Reading, Pennsylvania, one of the poorest cities in the country.
Kim Cutcher, Toledo LISC, Toledo, OH
The NMTC has been critical in supporting catalytic projects that have spurred additional economic development investments in LMI communities or benefitted LMI persons. Several mid-size markets need help filling the financial gap for larger economic development projects, which is only possible with NMTC.
Kevin Lessard, PIDC (Philadelphia Industrial Development Corp.), Philadelphia, PA
PIDC invests in high-impact community revitalization projects that create good jobs, provide essential goods and services, and stimulate additional investment in our neighborhoods. The NMTC Program – a US Treasury program – incentivizes community development and economic growth through the use of federal tax credits that attract private investment in distressed communities. PIDC Community Capital […]
Julián Sosa, Popular Community Capital, San Juan, PR
We currently manage the NMTC program at Banco Popular (BPPR). So far, we have invested $120M in NMTC Allocation, which about 70% has been in Puerto Rico. Popular Community Capital (PCC) and BPPR are deeply ingrained in the LICs that we serve and undertake continuous community engagement to understand the needs of LIPs.
Stuart Rosen, Highland Baking Company, Spartanburg, SC
We have been fortunate enough to take part in multiple NMTC projects as part of Spartanburg, SC bakery. Without this program, we would not have been able to make the essential investments to not only let us expand, but to let us withstand unforseen disasters such as Covid that could have put the facility out […]
Carol Klocek, Center for Transforming Lives, Fort Worth, TX
NMTC’s have made several significant community projects possible – from expanding the food bank and Meals on Wheels, to expanding services to children in foster care, to expanding access to small business development and childcare. These projects would either have not come to fruition, or would have made a much smaller impact if nonprofit organizations […]
Lea Rosenauer, Girls Inc. of San Antonio, San Antonio, TX
NMTCs assisted Girls Inc. of San Antonio close the gap in funding needed to renovate a workforce/recreation/mental health building for girls ages 6 – 18. Our mission is to inspire all girls to be strong, smart, and bold! Embedded in a low income community, the Girls Inc. Campus provides access and opportunity for girls to […]
Faith Triggs, Habitat Charlotte Region, Charlotte, NC
Habitat Charlotte Region is able to benefit from the NMTC and this allows us to expand homeownership opportunities that may not otherwise exist for the families and individuals we serve.
Thomas Rudzewick, Maspeth Federal Savings, Maspeth, NY
Community development is critical to helping neighborhoods survive. Community banks like Maspeth Federal Savings helps finance small businesses and community development projects. The NMTC program is critical to this continued success.
Edward Suh, Bogopa Enterprises, Inc., Long Island City, NY
Bogopa Enterprises, Inc. owns and operates grocery stores under the banner Food Bazaar Supermarket. We started with one store as a family business in 1988 and continue to do so today. We have been fortunate enough to grow to 32 locations with over 4000 employees. Most of our growth was founded on entering lower income, […]
Jim Kerlin, Beyond Vision, West Allis, WI
The NMTC program helped us complete the Beyond Vision VisABILITY Center which will help Wisconsinites who are visually impaired and blind have access to gainful employment upward mobility and achieve a full life.
Lee Parks, Hope Ranch of Missouri, Sullivan, MO
Although we were unable to obtain funding through an NMTC, we found the process interesting and hope that we will be able to apply later as our organization grows to meet the needs of struggling kids, especially in the foster system. Howard Smith’s company was very helpful in the application process, but the economy’s uncertainty […]
Megan Legacy, SA Hope Center, San Antonio, TX
The NMTC is bringing a very critical funding source to our capital project allowing us to scale and maximize our services to help low income families overcome the barriers leading to and perpetuating poverty in one of the most economically challenged zip codes in the US. We have turned over every rock of private funding […]
Vickie Norris, Westwater Financial, Inc., Santa Rosa, CA
The NMTC is a serious way of balancing inequities and advancing our civilization and communities.
Theodore Lipscomb, LISC Milwaukee, Milwaukee, WI
NMTCs are a powerful tool for generating critical investments in community serving projects and facilities in Milwaukee and across the country.
Burton Metz, Wangard, Wauwatosa, WI
The NMTC program is critical for us as developers to invest in areas of need. We have done 4 NMTC projects. Every one could not have been done without the NMTC program available to assist with the project. it also helps to align all partners towards the mission of the program.
John Lopez, Farmers & Merchants Bank of Long Beach, Long Beach, CA
Our NMTC investments have been invaluable for revitalizing the communities served by my bank. Our use of these investments is part of my bank’s community reinvestment act strategy; a strategy that garnered my bank an Outstanding CRA record.
Lawrence Olson, Metroplains, Naples, FL
Our Midway area of St Paul has improved over the last 7 years because of Sunrise Bank’s use of the NMTC program. This has an extremely high benefit to lower income areas and the Twin Cities in general. We support extension and improvement of this valuable program.
John Ungar, NewCourtland, Philadelphia, PA
Our organization is a nonprofit that develops senior care communities so that senior citizens can live as independently as possible with appropriate supports. We achieve this by developing affordable senior housing adjacent to LIFE (Living Independently for Elderly) Centers. Residents can attend the LIFE Centers several times a week and get in home support from […]
Brian Jernigan, McNeely Plastic Products Inc, Clinton, MS
Receiving this capital allowed us to create new jobs and increase the living wage for an underserved community.
Marm Russell, YMCA of South Florida, Inc., Fort Lauderdale, FL
The funding provided by NMTC in 2019 allowed the YMCA to build a 64,000 SF community center in the historically black community. The YMCA opened in May 2022 and today is serving over 800 people daily with preschool education, college education with our partner Broward College, youth sports, after school, adult wellness, senior wellness and […]
Jacob Horner, PK Companies, Okemos, MI
The NMTC has been a vital tool for rebuilding our communities. We used NMTCs to finance a grocery store in a food desert and were able to leverage that investment to also create affordable housing on the same site.
Tonya Whitlock, The Hive Inclusive Community, Tampa, FL
The Hive Inclusive Community is a nonprofit with a vision of creating truly inclusive housing developments for people with disabilities. We are creating a comprehensive housing solution that ensures every individual, especially those with disabilities, has access to a safe, accommodating, inclusive and affordable living environment that fosters independence, integration, and an enhanced quality of […]