Jerry Meerkatz, Montana West/Flathead County Economic Development, Kalispell, Montana
With a large community project like the one in Flathead County to revitalize and restore our blighted downtown core, NMTC are critical to attract new developers. A large scale transformation such as this uses programs like NMTC to construct the massive change required.
Terrt Chelikowsky, Florida Alliance of Community Development Corporations, Inc., Jacksonville, Florida
NMTC allows nontraditional investors to help in the revitalization and economic growth of lower-wealth communities across Florida.
Alan Lange, MuniStrategies, LLC, Jackson, Mississippi
Our CDE service area is in the heart of American poverty in the rural South. Everyday, we see the impacts that building businesses with lasting impact in low income communities have on these areas with the most need. NMTC is a program that works for rural America.
Shelly Tucciarelli, Visionary Ventures NFP Corporation, Itasca, Illinois
I am Native American and I am an enrolled member of the Oneida Nation of Wisconsin. The New Market Tax Credits are being widely used in Indian Country to help support economic development to such an underserved population. The NMTC are also being used for renewable energy for a lot of tribes. This has been […]
Frank Boucher, Jr., Valley Bank of Helena, Helena, Montana
The NMTC program has enabled us to finance 3 projects that have enhanced the specific area/ neighborhoods, created additional jobs, and added tax base for our community.
KImberly LaRosa, Renaissance Community Loan Fund, Gulfport, Mississippi
As a nonprofit working in the poorest State in the Nation it is hard to bring economic development projects to the State. If there are New Market Tax Credits available for a project it can make the difference between a project getting done versus being moved to another State.
Whitney Ferguson, The Innovate Fund, Greenville, South Carolina
NMTC is a funding mechanism helping us draw dollars into our underserved communities by attaching investments to solid, growth oriented economic development projects.
Andrew Porio, Tax Credit Marketplace, Greenville, South Carolina
[The NMTC is a source of] socially impactful investment capital.
Elmer Chisholm, BWC Consulting, Greensboro, North Carolina
Access to capital for some of the most underserved and undervalued business opportunities in areas that desperately need economic development and viability.
Tiffany McVeety, Girandola Foundation, Fountain Hills, Arizona
I am a practicing Economic Gardener, helping communities increase their vitality through economic development project that focus on entrepreneurship. I have worked for Indian Nations, the US Small Business Administration, the US State Department, Business Improvement Districts, and others to create positive economic impacts that matter. The NMTC program is one that, in my experience, […]
Donna VanNess, Housing Channel, Fort Worth, Texas
The NMTC funding supplements the financial gap created by the existing market and the poor quality of housing located in a designated target area to play a major role in attracting private sector capital. It serves as a catalyst for redevelopment and revitalization, and kick-starts the spread of private investment into a community left behind […]
Sharon Feasel, Fort Wayne New Markets Revitalization Fund, LLC, Fort Wayne, Indiana
The NMTC allocations we have received benefited the Boys & Girls Club, the Rescue Mission – a local homeless shelter, Byron Health Center – serving our most vulnerable citizens with severe mental and physical disabilities as well as veterans with traumatic brain injury, and Turnstone, a center that has served the disabled community for over […]
Ronald Penn, SWFLCF Support Organization, Inc., Fort Myers, Florida
NMTCs enabled up to provide a large, modern space, known as the Collaboratory, for nonprofits, businesses, and government to meet, work together, and collaborate to develop plans to improve our communities.
Michele Hylton-Terry, Fort Myers Community Redevelopment Agency, Fort Myers, Florida
NMTC gives possibility an opportunity to transform communities.
Jan Langbein, Genesis Women’s Shelter & Support, Dallas, Texas
NMTC means jobs and revitalization under-served communities and economic growth for neighborhoods and much needed funds for expansion of resources to those who need them most!
Heather Westenhaver, Americare Senior Living, Columbia, Missouri
Utilizing the incentives of the NMTC program has helped our organization develop long-term care facilities in more rural and low-income areas, that otherwise may not have been financially feasible.
Radhika Reddy, Ariel Ventures, LLC, Cleveland, Ohio
NMTC has helped numerous high impact catalytic projects to happen, which would not be possible without the NMTC.
Mike Sutton, Habitat for Humanity of Pinellas County, Inc., Clearwater, Florida
Our organization has participated in three NMTC projects with SmithNMTC, all transformational towards the growth of the mission and sustainability. Habitat continues to serve record numbers year after year, in large part due to the engagement of Smith. This results in an increased tax base, employment opportunities, and community revitalization/stability.
Jeanne Golliher, Cincinnati Development Fund, Cincinnati, Ohio
Cincinnati Development Fund is a certified CDFI and CDE who has deployed over $300 million in New Markets Tax Credits with a focus on development in blighted and largely vacant urban business districts. The benefits of the NMTC equity are passed on to the project sponsors so that they can offer low cost commercial space […]
Fred Orth, Walnut Hills Area Council, Cincinnati, Ohio
NMTC are helping bring our neighborhood back to being able to have housing and businesses that support long time a new residents.
Calvin Holmes, African American Alliance of CDFI CEOs, Chicago, Illinois
It is a critical tool to reduce the amoral wealth and income gap between black and white people that persists in America. NMTC investments create higher paying jobs and business ownership wealth in predominantly African American communities across the country.
John Desmond, Greater Charlottesville Habitat for Humanity, Inc., Charlottesville, Virginia
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 […]
Victoria Baker, South Carolina Community Loan Fund, Charleston, South Carolina
The Northside Initiative is a cross-sector collaboration working to completely revitalize Spartanburgs Northside neighborhood. South Carolina Community Loan Fund first supported the Initiative in 2013 with a $350,000 loan to the Northside Development Group to construct the Hub City Farmers Market. Since that initial project, subsequent investments in the community have topped $70M. However, the […]
Katie Frattaroli, AMCREF Community Capital, Charleston, South Carolina
Increased opportunities for the communities, businesses and individuals left behind and deliberately excluded from economic growth and prosperity.
Lisa Fisher, L. Fisher Associates, Chapel Hill, North Carolina
As a woman of color and small business owner, I want to see more access to capital and economic opportunities for people of color and underserved communities.
James Klessens, Forward Cody, Coy, Wyoming
[The NMTC is a] key funding tool for larger projects.
Carl Harris, Community Health Centers Of Central Wyoming, Casper, Wyoming
Recent estimates indicate that the unemployment rate in Wyoming could reach 16% by July. We already see a high number of uninsured patients who cannot afford care. If the number increases we have to offset those losses from somewhere.
Alan Siemek, Habitat for Humanity of Omaha, Omaha, Nebraska
The NMTC program has provided over $1 million of benefit to Habitat for Humanity of Omaha – allowing the organization to expand its mission in the Omaha area. Expanding our mission means helping more low-income families become homeowners – providing a stable, safe place to live and work – revitalizing adn stabilizing neighborhoods.
Janice Jensen, Habitat for Humanity East Bay/Silicon Valley, Oakland, California
Leveraging the NMTC means that we are able to serve more low income families in need of a safe and affordable home.
Duncan Cheney, Metanoia, North Charleston, South Carolina
The NMTC program has allowed our organization to secure financing for the adaptive reuse of a vacant, historic elementary school into a 60,000 SF community facility in an under-served community of North Charleston, SC. This new facility will have an early childhood learning center, artist work studios, a 300 seat theatre and it will be […]
Vaughn Fauria, NewCorp, Inc. Funding Entrepreneurs. Building Communities, New Orleans, Louisiana
The desire to create employee owned industries in disadvantaged communities has NMTC as its best funding option. The opportunity to marry NMarkets to Opportunity zones can change the trajectory of poor communities with a cascading effect.
Timothy van den Broek, Economic Modeling, LLC, Moscow, Idaho
[The NMTC] allows us to grow a poor and rural area through creating high wage, stable jobs.
Zacharia Levine, Grand County Community and Economic Development, Moab, Utah
NMTC is the difference maker between a viable and non-viable project. In Moab, NMTCs have most recently enabled the largest affordable housing development in history (300 units). The development could not have occurred without the NMTCs awarded to it.
Amy Allison Thompson, Poverello Center, Inc., Missoula, Montana
NMTCs allowed the Poverello Center to build a new homeless shelter and soup kitchen in Missoula, MT. This new facility has allowed us to provide services to the most vulnerable people in our community with dignity and respect, in a space designed for our services to be provided efficiently. Without these resources, we would not […]
John McGeehan, Capital for Compassion, Zeeland, Michigan
In the last few years we have used the NMTC to supplement community fundraising and build 12 facilities to serve the homeless across the country.
Paul Henley, Affordable Housing Advisors, LLC, Westerville, Ohio
The NMTC means investments in jobs in areas of our country that need jobs the most. The credit is a critical component of the engine that drives economic growth in urban and rural areas.