Ashley, Price Hill Will
The NMTC is one of the only ways to make affordable housing possible in neighborhoods like ours.
Sujean Kim, Price Hill Will
PHW is deeply involved in lending a hand to economically distressed communities, and our work is greatly aided by he NMTC.
Samantha Miller, Walnut Hills Redevelopment Foundation
Our neighborhood has leveraged NMTC to transform our business district.
Samantha Conover, Price Hill Will
NMTCs have been instrumental in the commercial revitalization of Price Hill. Without, we would not have been able to commit to or act quickly on development opportunities.
James Mark Tuttle, Price Hill Will
the New Market Tax Credits are essential to our neighborhood business districts. They eliminate blight and bring buildings back to life. They help support the sense of belonging to a vibrant community.
James Baldwin, Metropolitan Family Services
The NMTC has been critical to develop our community centers to provide services in Chicago
Julia Nelmark, Midwest Minnesota Community Development Corporation (MMCDC)
This is one of the best tools we have to support business growth – small and large businesses, rural and urban, for profit and nonprofit businesses. The vast majority of NMTC-financed projects would not have occurred without the public-private support of the New Markets Tax Credit.
Baron Waller, Ba-Ron Chicago Burger LLC
The NMTC allowed us to build in a developing neighborhood that otherwise would have been forgotten. With the NMTC investment, we were able to build, and the community gained the ability to attract other businesses whereby improving the entire community. This is the type of investment we need to preserve, support and grow.
Stephanie Fenton, Uptown Reinvestment Corporation
We have been able to complete construction on at least 8 projects in the downtown Flint area through the use of the NMTC program. Without these tax credits, the financial cost of construction within this area would be an insurmountable obstacle. Flint would continue to see vacant blighted buildings in its downtown instead of a […]
Ines Polonius, Communities Unlimited, Inc.
The NMTC is critical for Rural America in order to get critical infrastructure and economic development projects over the finish line!
Moses Timlin, Uptown Reinvestment Corporation
NMTCs are incredibly important to nonprofit real estate development. Communities like Flint, Michigan desperately need these resources.
Kamisha Webster, Uptown Reinvestment Corporation
I support NMTC because it helps to create jobs, and also helps to provide housing in economically distressed communities.
Melanie Holtan, Rural Development Partners
The New Markets Tax Credit provision maximizes federal funding while encouraging private investment for significant economic growth; $8/private capital for every $1/federal funding. Permanency will help ensure our nation’s investors and community development professionals have consistent access to the vital resources needed to stimulate private investments in underserved regions… improving communities, generating workforce development opportunities, […]
Richard LeBer, Harry Chapin Food Bank
The NMTC provides incentives to promote economic growth in disadvantaged communities, create jobs, and stimulate investment in our communities.
Melanie Holtan, Rural Development Partners
The NMTC permanency is an important step toward ensuring our nation’s investors and community development professionals have consistent access to vital resources that help stimulate private investments in underserved regions… improving communities, generating workforce opportunities, and inducing long-term economic growth throughout the nation. Please support this vital legislation. Thank you very much.
Michele Hylton-Terry, Fort Myers Community Redevelopment Agency
The NMTC funds projects in our community that are impactful and improve the lives of our citizens, creating a healthy and thriving community.
John D. Aquino, HBH
It helps economically depressed zip codes by adding jobs while allowing service organizations to grow their facilities in an affordable way!
Steve Giles, Central Bank of Kansas City
NMTCs are a proven program of pairing significant private equity with federal funding for the development of catalytic projects in distressed areas that would not happen otherwise.
Marcus Jones, National Trust Community Investment Corp.
The New Markets Tax Credit program allows for the revitalization of areas of the country where rehab development is not financially feasible or attractive. Yet the people who benefit the most are the residents of those low-income and distressed neighborhoods that would not otherwise see revitalization in their surroundings.
Grady S. Vanderhoofven, Three Roots Capital
We know from direct participation and observation over the course of multiple decades that the NMTC is an efficient and effective tool for economic development, producing tangible and measurable economic impact in regions where such impact is needed but difficult to produce.
Laurel J Tinsley, The Innovate Fund
The NMTC program provides funding for low-income communities to secure jobs, community goods and services and spur economic activity in nonmetro areas and cities across the country.
Jay Harrison, Clearinghouse Community Development Financial Institution
As a CDE since the inaugural round of NMTC’s, Clearinghouse CDFI has seen the tremendous, positive impacts the NMTC program has had on severely distressed communities. As a CDFI, the NMTC program has allowed our company to deploy more capital, more effectively into the communities we serve. The NMTC program is a winner!
Tiffany Trout, The Beta Foundation
Because of the NMTC, Beta Academy in Houston, TX was able to build a new, absolutely beautiful campus for our elementary scholars, who have been attending classes in modular buildings. This would not have been possible without the NMTC. Children deserve a learning environment that inspires creativity and makes them happy to come to school […]
Cesar Plascencia, Clearinghouse CDFI
The NMTC plays a vital role in business and job creation
Michael Mitchell, Treasures Markets Benefits LLC
I have received a NMTC and renovated an inner-city property. It has had a transformative effect on the community.
Tony Gibbons, Tony
We have used those program to help build 55 low-income homes in rural Tennessee where so any resources are limited. It is an excellent tool for creating cross sector partnerships.
Jay Taylor, Friday, Eldredge & Clark, LLP
As a professional who has worked in the NMTC industry for almost 20 years (representing everything from nonprofit corporations, community organizations, small businesses, and large businesses), I have truly seen countless examples of the impacts NMTC investments can make in a community.
Jennifer Rainey, Florida Community Loan Fund
[The NMTC] provides that slight leg up for those individuals who need it most by providing valuable services and resources to under served communities.
Leslie Lane, Arkansas Capital Corporation
[The NMTC] is a financing tool to attract private capital into economically distressed areas. Without NMTC financing the projects would be unable to either move forward or would do so at a diminished level.
Anita Landecker, ExED
[The NMTC allows us] to build public charter schools in very low-income neighborhoods, so low-income students can stay in their neighborhood for a great education.
Christopher Vukas, AltCap
NMTCs are a key tool to help support economic growth in our heartland. It is one of the more flexible economic development tools that can be applied to so many impactful projects like manufacturing, hospitals, etc.
Stacy Esbrook, Michigan Community Capital
With NMTC, our organization alone has supported 48 impactful projects, bringing over $1.3B in investment, creating 6,800 jobs, and developing over 900 housing units. NMTC helps attract private investment into community driven projects. It needs to become a permanent program so we can continue the success of this public-private partnership.
Jim Horan, LISC Connecticut
The NMTC can help transform urban neighborhoods, which often lack basic amenities available in their suburban counterparts, like sit-down restaurants, grocery stores, and child care centers.
Alex Birk, Beta Academy
Beta Academy provides world class education to students in some of Houston’s most economically disadvantaged zip codes. The NMTC was vital in assisting our organization in building a beautiful new campus for our Elementary school students to look forward to coming to every single morning.
Irvin Henderson, Henderson & Company
I support the NMTC because many commercial job and small business creating opportunities do not have the complete capital stack required for success. But for the NMTCs, these projects and the accompanying opportunities will never happen.
Latisha Andrews, Beta Academy
As the Founder and Superintendent of Beta Academy, I wholeheartedly support the New Markets Tax Credit (NMTC) program. It has been a game-changer for our campus expansion, generating $6.8 million toward a state-of-the-art facility that will serve hundreds of scholars in one of Houston’s most underserved communities. NMTCs make it possible for organizations like ours […]