Christine Vincenti, Harborlight Homes, Beverly, MA
The NMTC program creates an opportunity for nonprofit organizations to leverage capital raising activities to expand their operations and generate job growth. Expanding community resources (charter schools, boys and girls club, YMCAs, health services, etc.) not only benefits the clients and new employees at these organizations but the community at large.
Stephen Grim, NewCourtland, Philadelphia, PA
The NMTC program has been instrumental as a catalyst for growth in the Philadelphia community, this program has allowed us to build 4 LIFE centers that provides over 300 high paying healthcare jobs and a census of over 1,500 participants to receive their healthcare to age in place.
Larry Haynes, Grappone Automotive Group, Concord, NH
The NMTC Program has been an important economic revitalization program in our community. Several important projects would not have been completed had it not been for NMTC. I support making the program permanent.
Craig Hughes, HRH Community Partners, LLC, plano, TX
The NMTC program has been the catalyst for billions of dollars of development across the country and is one of the most successfully federal programs resulting in the creation of million of good paying jobs.
Derek Taylor, Omnia Wood Products LLC, Crivitz, WI
The NMTC program makes possible what otherwise would not be possible in distressed and severely-distressed communities. This funding allows companies to survive and grow, creating jobs, economic impact, and benefitting communities. Making the NMTC program permanent will allow these benefits to continue and for developers and business owners to focus their future growth in communities […]
Alicia Hardy, OLE Health, Napa, CA
OLE Health is a Federally Qualified Health Center serving 40,000 low income or uninsured patients in Napa and Solano County. We were able to use the NMTC to build a 30,000 square foot health center offering primary care, behavioral health, nutrition, optometry, pharmacy, lab, care coordination and enrollment services. Without NMTC financing, we would not […]
Peter Corey, Northern Community Investment Corporation, St. Johnsbury, VT
Without the NMTC program several high impact projects in our very rural part of the country simply would not have happened. These projects have improved access to healthcare, created good paying jobs, revitalized derelict properties, and improved economic opportunity in disadvantaged communities.
Chris Voss, Lyndale Investors, Minneapolis, MN
With the NMTC program our firm was able to invest millions of dollars into the community and create over 100 high paying technology jobs. This program transforms neighborhoods and raises the wages and living standards of the community and must be renewed so new investments can be made in the future!
Katie Lindenfelser, Crescent Cove, Plymouth, MN
This has been an essential program to help us open a children’s hospice and respite home in Minnesota. Thank you!
Jeffrey Dee, Habitat for Humanity Metro Maryland, Silver Spring, MD
With the limited Federal support for homeownership, NMTC’s provides a critical means to make stable affordable homeownership a reality for the lower income families that we serve in Montgomery and Prince George’s Counties.
Kyle Morris, WyoTech, Laramie, WY
The NMTC allowed WyoTech to build a 90,000 square foot addition providing training for over 300 students to enter the automotive field as technicians. This not only creates opportunities for students to earn a living in a much needed field, it create jobs and opportunities locally to build the facility and for employees in the […]
Nancy Azerolo, SMITH NMTC ASSOCIATES, LLC, Saint Peters, MO
We work with non-profit organizations that truly help low income communities and this is a very valuable tax credit.
Tom Patzman, Impact Seven, Incorporated, Rice Lake, WI
NMTCs are absolutely critical to re-invigorating distressed neighborhoods. With cost of capital at a 20 year high, and construction cost at an all time high, never before have NMTC been more critical to spur investment.
Beth Folz, Habitat for Humanity of Evansville Inc., Evansville, IN
[The NMTC] allows our Habitat affiliate to build more homes and serve more families!
Benjamin Johnson, Neighborhood Development Center, Saint Paul, MN
The NMTC program is a critical financing tool for NDC to execute our mission of offering long-term affordable commercial real estate to low-income neighborhood entrepreneurs in Saint Paul and Minneapolis.
Margaret Kollker, JPMorgan Chase, Chicago, IL
Without this capital, communities will continue to suffer and never have the change to revitalize themselves.
Mark Snyder, North State Bank, Raleigh, NC
Without the NMTC program, many affordable housing projects, which are desperately needed in many communities, would not have the equity needed to make the project feasible. This program is necessary to support continued growth in the affordable housing sector and for improving communities as a whole.
Randy Hafer, High Plains Architects, Billings, MT
NMTCs provided necessary support to a number of our projects. We anticipate continuing to use NMTC upcoming projects in similarly challenged situations.
Laura Dupuy, Virginia Community Development Fund, Richmond, VA
NMTC financing has been essential to the revitalization of smaller, rural towns where the economic base is low and community benefits are high.
Devean George, Building Blocks, Wayzata, MN
We need to keep programs like this to incentivize investments in marginal communities
Robert Montemayor, Monterrey Market Plaza, Milwaukee, WI
With the NMTC, we were able to finance our grocery store that is located in a community that tends to be a food desert. We were able to purchase and finance our project with an old Toys “R” Us building that would’ve been left empty. With a business that closes down and we were able […]
Robert Beach, Forward Community Investments, Madison, WI
New Markets Tax Credits provide FCI with the resources to invest in catalytic community facility projects in low-income communities across Wisconsin. These investments bring opportunity to countless individuals in areas of the state that lack investment and community assets.
John Loschiavo, St. Johnsbury Automobile Company, St Johnsbury, VT
With the help of the NMTC program we were able to create and sustain a huge increase in the employment number of our company. The addition of these jobs and the revenue that flowed into the local community as a result of them has had a profound impact. St Johnsbury and the surrounding towns are […]
Sara Katz, Burlington City Arts Foundation, Burlington, VT
Affordable access to arts programs in Burlington would not be possible today without the NMTC tax credit loan that enable the purchase of our building. It helped leverage private donations and municipal investment at a critical time. The project is a major contributor to Burlington’s economic vitality, helping large businesses attract and retain employees, training […]
Randall Roth, Endeavour, Milwaukee, AL
Endeavour is a Milwaukee-based real estate development company that has closed over 40 NMTC deals in over 15 states. Our projects range from a Native American community health care clinic to a veteran recovery center to a food desert grocery store deal. Without the NMTC program, these deals would not have happened. Endeavour recognizes the […]
John Stibal, First-Ring Industrial Redevelopment Enterprise, Inc. (FIRE), West Allis, WI
The projects we were able to provide equity could not have happened or could not have happened to the high level that was accopmplished without NMTCs. The low-income neighborhoods where we were able to invest NMTCs were desperate for economic development catalytic projects that will induce more job creation and small business growth.
Birk Grudem, Hai Hai, Minneapolis, MN
We are a small restaurant business in Minneapolis, MN. The NMTC loan gave us the opportunity to purchase a building and open our second restaurant. We are planing to open another restaurant in the future and if the NMTC is available at that time we will plan to use that loan again. We have been […]
Sean Doherty, Impact Development Fund, Loveland, CO
The new markets tax credit program have had a profound effect on LMI communities throughout the state of Colorado. The continuance of this program is essential to bolster those communities in most need!
Irvin Cohen, LISC, Jacksonville, FL
[The NMTC] helps bring market solutions to help fill social gaps.
Lois Healy, Affordable Homeownership Foundation Inc, Fort Myers, FL
To help build much needed affordable housing in our communities
Sarah Long, Delaware Bankers Assoc., Dover, DE
The New Markets Tax Credit program incentivizes community development and economic growth through tax credits that attract private investment to distressed communities in our State and throughout the Country.
Beth Payne, Central States Development Partners, Inc., Rock Island, IL
As a CDE that has had the privilege of being allocated six consecutive federal NMTC, Central States Development Partners has played a pivotal part in creating and retaining 10,729 jobs in severely distressed census tracts where bankruptcy rates are 25% higher than national norms, low wage jobs account for 10% more of the job pool, […]
Kimberly Lyle, Dorchester Bay Economic Development Corporation, Boston, MA
DBEDC is an affordable housing developer that relies on NMTC to achieve its goals of developing and preserving affordable housing in LMI communities in Boston.
May yer Thao, Hmong American Partnership, St. Paul, MN
HAP is an anchor nonprofit in the Twin Cities, serving the immigrant and refugee communities for over 30 years. Annually, HAP serves 25,000 individuals in workforce development, economic development and other community wellbeing programs. Without NMTC through organizations such as Midwest Minnesota Community Development Corporation, HAP would not have been able to acquire and reconstruct […]
Chris Smith, WC Smith, Washington, DC
WC Smith has used the NMTC to revitalize communities in Washington, DC and Baltimore, MD since 2004, with 6 separate projects. The NMTC is unlike any other subsidy program offered by the federal government in that it spurs economic growth that lifts entire communities, and allows those who work in those communities to partner with […]
Ed Briscoe, Weave Social Finance, LLC, Denver, CO
The NMTC program has been continuously improved by the CDFI Fund over its now over 20 year existence to more tightly target the outcomes originally intended for the program. We can’t always say the same of many government subsidies. Opportunity Zones being the most recent example of large subsidies not delivering on the promises of […]