Barbara Callaghan, SVP, First Security Bank of Missoula, Missoula, Montana
We just used a $12 million NMTC allocation to finance the building of a Domestic and Sexual Violence Shelter and homeless shelter for families. This would not have happened – at least at the capacity that it did – without NMTCs. Numerous women, men, and children will be safe and off the streets in Missoula […]
Ryan Glasgo, COO, Community Credit Lab, Seattle, Washington
We invest at 0% interest so we don’t extract from underserved communities — without policies like the NMTC, we will not be able to convince investors to lend to us at 0% or concessionary, regenerative rates that seek equitable outcomes for people. Please preserve the NMTC!
Allen Patterson, CEO, Community Healthcare Center, Wichita Falls, Texas
We have very compelling capital projects that will become realities if NMTC is extended and expanded. Please do so.
Rose M Ojeda, Director, Real Estate Development, Hacienda CDC, Portland, Oregon
We have utilised NMTCs to build a critically need headquarters office and a public market for Latino food service entrepreneurs. In addition to the 90 plus jobs originating from these two developments, new business opportunities (& jobs) continue to be created. We also plan to develop another NMTC soon.
Erik Hoekstra, Managing Partner, Redstone, Burlington, Vermont
We have developed several projects using NMTC that would not otherwise have happened. NMTC is a critical community development tool in northern New England that we have come to rely on.
Tina Swain, CEO, Habitat for Humanity of Hillsborough County, Tampa, Florida
We have been waiting for the opportunity to participate in an NMTC deal so we can expand affordable housing in Tampa. With more than 40% of our households cost-burdened, we need to act using all tools available to us.
James Burnett, Executive Director, West Philadelphia Financial Services Institution
We did the first NMTC deal in Philadelphia. The $17.5 million investment was part of a $55 million investment in a new retail center that included a 60,000 square foot supermarket and Lowes Home Improvement. It created over 700 jobs and was refinanced in 2017. The property is 100% leased and income continues to be […]
Ginger Diegert-McLean, Administrator, Fill the Need Staffing, Sarasota, Florida
We are starting our nonprofit-AlongSide U… Making Poverty Temporary, Not a Lifestyle! This funding makes such a difference in real people living real life!!
Luis Perez, Controller, Greater Metropolitan Housing Corporation, Minneapolis, Minnesota
We are providing beautiful affordable new homes to those that cannot afford to pay market rate. This is due to the NMTC program.
Ed Lee, President & CEO, Habitat for Humanity of Greater Cincinnati, Cincinnati, Ohio
We are facing an affordable housing crisis across the USA. 1 in 6 families are paying more than 50% of their monthly income on housing costs. This is unacceptable. NMTC’s enable developers and community development organizations to make investments in affordable housing in markets where it is needed most to provide affordable workforce housing in […]
Carole Gordon, Senior VP for Housing Development, The Bridge, New York, New York
We are developing a new housing model that includes 174 units of low-income housing (affordable and supportive) and ground floor light manufacturing. The model will only work if both the residential and manufacturing components receive tax credit allocations under LIHTC and NMTC. This will provide housing and economic development opportunities in a very poor neighborhood […]
William Hurley, Legal Counsel & CEO, Southeast First National Bank, Summerville, Georgia
We are currently working with manufacturing companies to expand in our tier 1 depressed area through the NMTC incentive program. We hope to see it continue.
Mike Akin, President/CEO, Akin Industries, Monticello, Arkansas
We are a recipient of an NMTC transaction. It enabled us to buy an existing manufacturing company and save 130 jobs in rural Arkansas.
Mills Rooks, CEO, South Georgia Industrial Development Fund, LLC, Albany, Georgia
We are a CDE for NMTC purposes, though have not yet received an allocation. But, we are located in south Georgia in the center of several counties that are defined as “severe distressed/non-metropolitan”. We feel that we are in a unique environment to attract job creating industries to LICs with the help of NMTCs. The […]
Rob Evans, Executive Vice President, Indianapolis Neighborhood Housing Partnership, Indianapolis, Indiana
Using a $5 million allocation, INHP was able to develop 29 affordable homes for sale to low and moderate income buyers in three neighborhoods. But for the NMTC equity, INHP would not have been able to 1. Support three neighborhoods-based strategies to spur private sector investment in disinvested neighborhoods. 2. Help pilot an Educator’s Village […]
John Lalley, Vice President, Finance, Mississippi Silicon, Burnsville, Mississippi
Use of the NMTC enabled the final capital structure for Mississippi Silicon. At $200 million, Mississippi Silicon is the largest private investment ever made in Tishomingo County, Mississippi. We were the “anchor tenant” in an industrial park in Burnsville MS. The industrial park was virtually empty when we invested here. Now it includes four different […]
Kristin Stearns, CEO, Lakeshore Community Health Care, Sheboygan, Wisconsin
Through the NMTC program our organization has been able to increase access to primary medical, dental, and behavioral health care. Serving over 9,000 patients last year.
Courtney Collins, VP Admin & CFO, Atlanta Police Foundation, Atlanta, Georgia
Through NMTC we have been able to fund the building of a new youth center for Youth aimed at reducing juvenile crime.
Audrey Graham, Chair, Moab Area Community Land Trust, Moab, Utah
This tax credit is allowing our community to put in infrastructure for over 300 units of workforce housing, as well as three commercial sites (including a much-needed childcare center!) that will keep our gateway resort town alive! The economic benefit’s are almost immeasurable in terms of people’s quality of life, ability to drive less and […]
Diana M Shaw, Executive Director, Lanai Community Health Center, Lanai City, Hawaii
This program is critically important! As a result of our ability to tap into NMTC we build a new, state of the art health care facility and now are able to provider high-quality health care services (including telehealth) to this rural, remote, low-income underserved island!!!
Richard Ruel, Chairman, Metro Chamber of Commerce, East St. Louis, Illinois
This program is a catalyst for more than $4 Billion Dollars in planed development for our community for 2019-2020.
Martin Dahl, General Manager / CEO, McLean Electric Cooperative, Inc., Garrison, North Dakota
This New Market Tax Credits make it possible to improve the quality of life in under served areas around the Country. These dollars are essential in providing jobs, medical facilities and schools in these impoverished and under served communities.
Saurabh Narain, President and CEO, National Community Investment Fund, Chicago, Illinois
This is one of the most important programs for NCIF as a CDFI and an Impact Investor. From our perspective, there are three key levels of impact: 1. Transactional Impact – the program helps creates and retains jobs, increases the availability of goods and services, healthy foods and financial and social services to underserved markets […]
Courtney Lewis, Executive Director, City of Mountain Home Economic Development, Idaho
This is a valuable tool to help us gain investment in our rural community. Options are limited and our community can be a hard sell to industry. Taking away this valuable option would hurt our ability to bring new projects, jobs with increased wages, and opportunity to our community. Please extend NMTC.
Janet Laatsch, CEO, Greater Seacoast Community Health, Somersworth, New Hampshire
This has allowed us to make capital improvements allowing us to provide additional services to our under-served patients.
Kim Dodson, CEO, The Arc of Indiana, Indianapolis, Indiana
This funding allowed us to continue with a project to help people with disabilities have a post secondary experience leading to jobs and careers.
Stacy Weight, Chief Administration Officer, Salt Lake Community Action Program
This credit allows us to provide additional facilities to serve more members of our community with our many programs to serve those in poverty.
Elizabeth Shephard, CEO, LifeCity, New Orleans, Louisiana
There are many reasons why the NMTC program is compelling. While Opportunity Zones are exciting, they are not tied to real impacts. The current NMTC program has decades of data and experience that proves its economic success in communities and uplifting people out of poverty. This is a bi-partisan tool that can help any small […]
Tammy Elliott, Assistant Prop. Manager, Harper Square Apartments, Clinton Township, Michigan
The tax credit program is very helpful, it allows our community to provide good affordable housing to people who otherwise would not income qualify if it were any different. This program not only helps the single parents wanting to provide a good safe place for their children, but also helps seniors who are on a […]
Kevin Wright, Advisory Board Member, Sunrise Banks Advisory Committee, St Paul, Minnesota
The revitalization, beautification and utilization of areas previously un/underutilized to one that produces employment, enhanced outlooks and hope.
Carol Knapp, Executive Director, Huron County Development Council, Norwalk, Ohio
The [NMTC provides the] opportunity for projects to move forward in rural counties. Without the NMTC, many of these projects would not be able to be completed.
Norman Nixon, Co-Founder Executive Director, Debbie Allen Dance Academy, Los Angeles, CA
The NMTC will assist us in completing our new building and as a result we will be able to expand our programs. This new structure will be a landmark and serve as a beacon of light in our community. Above all the NMTC will assist us in continuing to use dance and theater arts to […]
Patrick Durkee, Sr Tax Strategist, Empiracal Foods, Inc, Dakota Dunes, South Dakota
The NMTC will allow Empirical Foods, Inc, to continue its focus on creating high-quality jobs, in low-income, rural Midwestern communities.
Thomas Gacse, President/CEO, YMCA of Youngstown, Youngstown, Ohio
The NMTC was utilized to renovate the Downtown Youngstown YMCA in 2016. The facility opened in 1884 and the renovation was critical to keep the YMCA relevant in an area which is down economically, has issues with chronic diseases, health and wellness and is in trouble academically. The YMCA helps fill the gaps that are […]
Jeff Arnold, Leverage Law Group, LLC, Leawood, Kansas
The NMTC provides flexible, targeted assistance to the country’s neediest communities, helping improve and revitalize these communities through private capital markets.
Jeffrey Mishkin, President, LJSM, Inc., Saint Louis, Missouri
The NMTC provides a way for developers to improve the live, work and play areas which are vital to a thriving community and to an enhanced region.