Grant Whitaker, Utah Housing Corporation, West Valley, Utah
The need for affordable housing in Utah is staggering, with so many lower income households paying more than 50% of their income for housing costs. NMTC are one viable and valuable toll to help in that problem. The permanent extension, the exception from AMT, and additional allocations immediately and ongoing are all critical to help […]
Lindsay Frilling, Obion County Joint Economic Development Corporation, Union City, Tennessee
NMTC have driven over $100 million in investment into our rural community. Those investments created approximately 1,000 new jobs.
Chuck Tollefsen, Tollefsen Development, Tulsa, Oklahoma
We are able to build projects that benefit distressed areas that could not be build otherwise. These projects bring jobs and services to the distressed area.
Lisa Miller, Goshen County Economic Development Corporation, Torrington, Wyoming
If not for the NMTC, Goshen County would not have been able to recruit a new Cobblestone Hotel to Torrington.
Donna Hodel, Tacoma/Pierce County Habitat for Humanity, Tacoma, Washington
NMTC funding allows us to give more low-income families the opportunity to own their own homes, providing them with stable housing for themselves and their loved ones and protecting them from ever-increasing rent payments.
Staci L. Olsen, Community Development Finance Alliance (CDFA), South Jordan, Utah
CDFA has received $150MM in NMTC Allocation over four award years. Since receiving our first allocation in 2011, CDFA has made $135,550,000 in direct NMTC Investments CDFAs Allocation provided funding of 15 projects with accumulated projects costs of over $176,367,000. Projects made a beneficial impact by providing education, healthcare, and mixed-use projects to LICs in […]
Simon Blattner, SF Bay Limited Partnership, Sonoma, California
The program has provided subsidy to impactful projects and organizations throughout the Bay Area and nationwide.
Lori Finnesand, GROW SD, Sisseton, South Dakota
[The NMTC] provides opportunities to update schools on reservations
Darryl Smith, HomeSight CDC/CDFI, Seattle, Washington
[The NMTC is an] important source of funds to spur economic development in S.E. Seattle.
Natalia Guzman, Popular, San Juan, Puerto Rico
NMTC is a key funding source to incentivize economic development in low-income communities.
Craig Issod, Friendship House Association of American Indians, San Francisco, California
New Market Tax Credits are an important means through which equitable development can occur to redress social injustices. This has created an incentive for investment that needs to continue in years to come.
Jennifer Eskildsen, SFHDC, San Francisco, California
Providing housing for people of all incomes is critical and not nearly enough exists. Having a safe, affordable place to live is fundamental for well being of our communities.
Benjamin Golvin, Equity Community Builders, San Francisco, California
Financial support to help mission-driven organizations stabilize their future through ownership of their workplaces and facilities.
Heidi Pickman, CAMEO – California Association for Micro Enterprise Opportunity, San Francisco, California
Many of our lender members use NMTCs to attract capital to loan out to low-moderate income individuals.
Douglas Watson, Healy Murphy Center, Inc., San Antonio, Texas
[The NMTC helped us] build a state of the art child development center to serve 136 low income children.
Jon Hinojosa, SAY SI, San Antonio, Texas
[The NMTC] provides opportunities to elevate poor communities
Michael Ferro, InterNet Properties, Inc, Salt Lake City, Utah
NMTC projects are not otherwise viable due to financial constraints. It builds communities and provides housing for low income families and others such at autistic, etc. NMTC projects have made Salt Lake a better city.
Jennifer Schumann, Salt Lake City Corporation, Salt Lake City, Utah
NMTC have had a proven track record of rebuilding communities where disparities exist. Without this continued and permanent funding, those disparities will continue to widen.
Donna Smith, Smith NMTC Associates, LLC, Saint Louis, Missouri
NMTCs means increasing access and opportunity for homeownership to low income families and communities and to people of color and communities of color. This enables us to begin to address the inequities and racial injustice in housing policy that has existed in our country for centuries. It enables us to provide people and communities of […]
Christopher Pierce, Lathrop GPM, Saint Louis, Missouri
The NMTC has been my livelihood for the last 14 years and has provided incredible benefits to my community since the program’s inception.
Nicole Blumner, Green Street St. Louis, Missouri
The NMTC program allows Green Street to continue its work of rebuilding disinvested communities in St. Louis.
Marie Hirsch, Lake County Community Development Corporation, Ronan, Montana
The community of Polson MT has benefited from the NMTC program extensively over the past 10 years.
Jeffery Sceranka, Enterprise Funding Corporation, Redlands, California
[The NMTC is] a vital part of our lending institutions ability to assist economic development
Bret Batchelder, Cherokee Investment Partners, LLC, Raleigh, North Carolina
NMTC program has enabled projects with myriad community benefits to be completed and jobs to be created that would not otherwise exist. I have seen this firsthand in states throughout the U.S.
April McVey, Habitat for Humanity of Wake Co., Inc., Raleigh, North Carolina
The NMTC provides Habitat for Humanity of Wake Co., funding to build homes for those individuals who can’t afford a conventional mortgage.
Keith Willy, PACE Conservation Solution, Pueblo, Colorado
NMTCs help bring capital to businesses in under-served communities. Our region in southern colorado is not able to access the program due to limited availability of allocation and preserving and expanding the program will help create economic activity in our small rural communities.
Michael Maddy, Red Lion Inn and Suites, Polson, Montana
The NMTC not only helps the intended project but also helps everything in the area, we had a lot of new business that wanted to locate next to our NMTC project.
John Regetz, Bannock Development Corporation, Pocatello, Idaho
The NMTC program provides gap and incentive financing and guidance for high-impact, economy-expanding, community revitalizing business investment projects. The project they supported in Pocatello (Western States CAT Expansion) retained & created good jobs & services that are integral to several of the region’s main industrial clusters,(mining, agriculture, logistics, construction) and triggered commercial development in an […]
Mark Dahlquist, NeighborWorks Pocatello, Pocatello, Idaho
I am a member of the Montana/Idaho New Markets Tax Credits Advisory Committee. I’ve seen firsthand how these projects uplift local communities. Western States CAT in Pocatello and Premier Technologies in Blackfoot are two companies right in my immediate area that wouldn’t have been able to put expansion projects together without this supplemental funding.
Brian Riley, Foothills Bank, Phoenix, Arizona
NMTCs allowed us to finance a new job training center for a Native American community which suffers from 40% unemployment
Jose Martinez, Chicanos Por La Causa, Inc., Phoenix, Arizona
[The NMTC] facilitates quality job creation and much needed services in our community
Wendy Weiss, Nonprofit Finance Fund, Philadelphia, Pennsylvania
NMTC is the only resource that we have to help finance the scaleable expansion of direct critical services such as health care, workforce training, and youth education in low-income communities.
David Cohan, PeaksCo, LLC, Palm Springs, California
I have been working with NMTCs since 2014 and have personally seen how this critical financing tool has helped organizations begin new businesses, stabilize struggling existing businesses, and create opportunity and jobs when and where the challenges were the most formidable. The projects I have worked with in rural and urban areas have genuinely helped […]
Paula Paust, Executive Director of The Women’s Home, Houston, TX
“The Women’s Home is proud of being able to leverage private dollars with City of Houston funds and a New Markets Tax Credit allocation. This blending of private, government and public funding is an important financing model that can be used to improve neighborhoods.”
David Umansky, Civic Builders, New York, NY
NMTCs provide critical gap financing for charter schools serving some of the most distressed census tracts in the nation.
Arturo Sneider, Primestor, Los Angeles, CA
Over the past thirty years we have developed many projects in the urban core of the US. In all those years, we have rarely seen a more efficient and productive program solely focused on impact investing with tangible results and practical application. We have generated thousands of local jobs as a result of NMTC and […]