Monte Walker, Habitat for Humanity, Jacksonville, FL
The NMTC has been of great benefit in building affordable housing for those in need.
Charles Loveman, Heritage Housing Partners, Pasadena, CA
HHP is a non-profit affordable homeownership developer based in Pasadena, CA. We have successfully used the New Markets program several times to help close the gap between the cost to build ownership housing and the sales prices for our Low- & Moderate-Income first-time homebuyers. New Markets is an indispensable tool that helps lower-income households achieve […]
Harpreet Peleg, Building America CDE, Washington, DC
When famed designer Tracy Reese returned in 2019 to her native Detroit from New York, she was on a mission. Since the 1990s, her work had appeared on the cover of every major fashion magazine and worn by celebrities including Michelle Obama, Taylor Swift and Oprah Winfrey. Now she wanted to launch a new sustainability-focused […]
Vanessa Pinkney, Orange Blossom Trail Development Board, Orlando, FL
Distressed neighborhoods require all of the incentives possible.
Zac Bauer, Kalamazoo LISC, Kalamazoo, MI
The NMTC has made several large-scale construction projects possible, including those significantly impacting our local job market and economic development mechanisms. But for the NMTC, the city of Kalamazoo would not have anchor developments like the Kalamazoo Valley Community College Culinary School nor the Family Health Centers Dental Clinic, both catalyzing developments for formerly economically […]
Ross Ponthie, Southern Admin Services, Alexandria, LA
The enthusiasm within the community do to the jobs and the since of pride due to state of the art development cannot be measured in dollars alone. This program is vital to the rural community.
Ileana Ruiz-Garcia, Banyan Community Health Center, Miami, FL
Critical funding stream for non-profits at a time where any construction projected is increasing minute by minute.
R.G. Lamar, Stuckey’s Corporation, Wrens, GA
The NMTC provided critical funding to help Stuckey’s invest in Jefferson County, which has directly resulted in more, better-paying jobs for the area.
Scott Love, LISC Louisville, Louisville, KY
This program is essential to critical community development for the underserved/disinvested areas of the city of Louisville.
Ken Rance, Carver Financial Corporation, Savannah, GA
NMTC provide communities of color with the shortfall funding they need that they cannot access anywhere else, i.e. commercial banks.
Sara Cunningham, CCML, Brunswick, ME
Many CDEs focus on quality and accessible job creation with their NMTC allocation. Since its inception through 2021, the NMTC Program has created just shy of $940K jobs – many of which are quality jobs, accessible to low-income people. This is especially important for the rural communities my organization serves.
Cindy Berg, Economic Growth Corporation, Rock Island, IL
The NMTC program was critical to the completion of two of our housing developments, one in Clinton, IA and one in Springfield, IL. Both projects would not have been able to have been completed without NMTC and thanks to the program, two historic buildings were revitalized (rather than demolished) and now provide 58 new housing […]
Melvin Benson, Brockton Neighborhood Health Center, Inc., Brockton, MA
Brockton Neighborhood Health Center started in 1995 in a medical van hosted in a church parking lot. Today we have several sites serving 37,000 patients, 60% of whom are best served in a language other than English. This growth and the vital services we provide would not have been achieved without the availability of the […]
Jabari Jackson, RYSE Interactive, Inc., Atlanta, GA
I own and run a minority-owned business. My organization recently closed on a NMTC deal that allowed our company to own our own building, while providing affordable office space to other small businesses looking to grow. This would not have happen, he it now been for NMTC.
Steve Blazekovic, Neighborhood Housing Foundation, Miami, FL
The NMTC has financed Miami projects that in no way would exist with Conventional Financing
Florence Mahoney, Sterling Health Solutions, Inc, Mt. Sterling, KY
Without the NMTC program our organization would not have been able to raise the necessary funds to expand our services in the rural communities of Nicholas and Montgomery counties in Kentucky.
Suzett Moffitt, Suzy Q Service Corporation, Indianapolis, IN
This extra assist with many of us, who low income individual, families and minority businesses.
Cameron Garner, True Mountain Capital, New Orleans, LA
Every year I see the effect that the New Markets Tax Credit program has on our projects. Whether it’s closing a funding gap caused by construction cost inflation, adding a wing to a hospital in desperate need of additional inpatient beds, or providing additional funding for an autism school to expand programming and diagnostic space, […]
Sydney Sawyer, Independent Healthcare Management, Forest, MS
We have used this to start a replacement facility for our 72 year old hospital. It is imperative to keep this program for folks like us.
Spencer Stensrude, Ag Ventures Alliance, Mason City, IA
Our organization represents over 300 family farms, and we strongly support the NMTC program due to its positive impact in bringing opportunity to rural communities.
Chris Iglesias, The Unity Council, Oakland, CA
The NMTC program funded our Juntos Fruitvale project https://unitycouncil.org/property/juntos-fruitvale-planned/
Anne Riggle, Riggle Capital, LLC, Baltimore, MD
It’s critical to help cities like Baltimore move forward and address 16,000 Boarded & Vacant properties.
Eric Edelson, Fireclay Tile, Aromas, CA
Fireclay Tile is currently benefiting from a NMTC project for our Aromas, CA factory. This is allowing us to grow our US manufacturing, hire more local employees, and compete more successfully with foreign imports, which represent the vast majority of tile consumed in the US. Without NMTC, the project would not have been possible.
Donald Leeper, Bookmobile, Minneapolis, MN
NMTC funding was critical in enabling us to find a permanent home for our business in an environment of sharply rising industrial rents, preserve jobs for 55 employees — many of whom depend on public transportation — and position us for further growth in sales and employment.
Jessica Horner, Trustmark National Bank, Jackson, MS
I have had the opportunity work on projects that have created so many good paying jobs in communities that really need them as an employee of a bank owned CDE. The funds from this program help so many relationships to be built across the board to help communities in need get good jobs, healthcare, healthy […]
Nathaniel Opperman, MSP Communications, St Paul, MN
The NMTC program allowed us to establish a permanent home / office location in St. Paul. MSP Communications purchased an office building that supports not only our company but 3 other companies. In addition, the program allowed us to install solar panels and electric car charging stations in our pursuit to be carbon neutral. The […]
Betsy Mills, Twin Cities Habitat for Humanity, Saint Paul, MN
NMTC credits enable us to take on larger projects and house exponentially more low and moderate income homebuyers.
Jeanne Myers, JJMYERS LLC, Minneapolis, MN
Our community and location of our building was the center of the George Floyd Riots. Most of the buildings were destroyed or damaged. The buildings that are left damaged are attracting crime and vandalism. The NMTC allows a small business like us to put money back in by improving the building. We are working on […]
Charles Thell, Key Westgate LLC, Saint Paul, MN
The New Market Tax Credit program was the key factor that allowed us to acquire an office facility for our sister companies Key Investment and MSP Communications at an affordable operating cost. As such our business supported community development in a distressed area in a facility that needed physical improvements, and was on the verge […]
Michael Bland, AltCap, Kansas City, MO
This program has been instrumental in driving investment to Troost Ave., the historic racial and economic dividing line in Kansas City. But for the NMTC program, this important corridor would not have the walkability, services and vibrant small business community it has today.
William Seddon, SLDC, St. Louis, MO
The New Markets program has been instrumental in support of the City of St. Louis’s economic development strategy and continues to be a strong catalyst of commercial and neighborhood stability and development.
Peter McLaughlin, Twin Cities LISC, Saint Paul, MN
NMTCs have been an essential part of most of the projects in which LISC Twin Cities has participated. Without them communities would be left to even tougher, and likely impossible, scrambles for these important community investments.
Mary Stoick, SB New Markets CDE, LLC, Saint Paul, MN
New Markets Tax Credits have contributed to critical projects in some of Minnesota’s most underserved cand economically challenged communities, particularly for our communities of color most affected by economic dispartity and especially in the wake of George Floyd’s murder and the civil unrest we saw as a result.
Benjamin VandenWymelenberg, Woodchuck Products LLC, Saint Paul, MN
The NMTC program, has allowed the company I founded 10 years ago, grow at an exponential rate and provide 50+ more jobs in the last two years. Without this program, we would have stayed at our current size, without the ability to expand our warehouse.
Melissa Denton, PCYC, Minneapolis, MN
The NMTC was instrumental in helping us renovate the historical Capri Theater in North Minneapolis. Improvements included new auditorium seats, more space in the lobby and backstage, the new Paradise Community Hall, and a Best Buy Teen Tech Center, among many other remarkable new amenities. Ultimately, NMTC made it possible to continue our mission to […]
Renee Spillum, Platform Commercial Real Estate SBC, Saint Paul, MN
In my role as a community developer I have used New Market Tax Credits to support dozens of small businesses in lower income areas. This tool is one of only a scant few that open up doors for grassroots projects that benefit neighborhoods to become financially feasible. It should absolutely become a permanent part of […]