Melissa Marshall, MD, Chief Executive Officer, CommuniCare Health Centers, Davis, CA
The New Markets Tax Credit program is one of the most important sources of financing for Community Health Centers, like CommuniCare Health Centers. In the past 15 years, the NMTC has delivered nearly $6 billion to over 300 FQHCs along with hundreds of hospitals and treatment centers in low-income communities. If you let the NMTC […]
Kathy Kottaridis, Executive Director, Historic Boston Inc.,
The New Markets Tax Credit has helped our organization rehabilitate historic buildings for new uses, properties that have been vacant and distressed yet meaningful historically and useable for contemporary needs of Bostonians.
Andrew Mentzer, Executive Director, West Central Mountains EDC, McCall, ID
The New Market Tax Credit program provides a vital financial instrument for economic development entities nationally. It can be the difference between making a project pencil and not, and we fully support its continuation.
Betsy Biemann, Chief Executive Officer, Coastal Entperprises Inc., Brunswick, Maine
The New Market Tax Credit program brings good jobs, economic vitality and hope to undercapitalized rural regions of Maine, New England and the United States.
Kimberly Cutcher, Executive Director, LISC Toledo, Ohio
The new market programs has helped to revitalize vacant structures and brownfields in our community and return
Richard Jennings, Managing Director, Mascoma Community Development, Hanover, NH
The most powerful tool to generate positive community and economic development in distressed communities throughout the Nation.
Mike Magette, Controller, The Terteling Company, Inc., Boise, Idaho
The Company was able to build a new Caterpillar location in Pocatello, Idaho with the New Markets Tax Credit. First, this location employs 120 full time equivalents in a state of the art location. Second, this location enhances the Company’s Mining business which allows additional sales and job growth and opportunities. Third, the community has […]
Catherine Mickle, Chief Administrative Officer, American Cancer Society, Atlanta, GA
The benefits the American Cancer Society (ACS) receives from the NMTC allow ACS to provide free critical access such as lodging, transportation, and other support services to cancer patients and their caregivers in the Salt Lake City metropolitan area and greater Utah who must travel significant distances for cancer treatments. These services help to remove […]
Kingsley Brock, Director of Economic Development, Gibson County TN Office of Economic Development, Trenton, TN
The ability to use NMTC allowed one of our industries, Bongards Creameries, to expand with a $35,000,000 capital investment and the creation of 95 new jobs. With the expansion, the company gave the community a $175,000 workforce development grant. There have been other companies in West TN which have also taken advantage of the NMTC […]
Mary Kay O’Rourke, President & CEO, Habitat for Humanity of Jacksonville, Inc., Florida
The ability to leverage our assets in order to provide additional affordable housing opportunities for Jacksonville residents.
Staci Olsen, Program Manager, Community Development Finance Alliance, Salt Lake City, Utah
The ability to fund high-impact community facilities and mixed-use projects that develop or redevelop real estate, providing access to critical community goods and services to LIPs, create affordable housing in areas with high need, both in metro and non-metro areas. Catalyze private economic development in Disadvantaged Businesses and Communities (DBCs). CDFA has a strong track […]
Karen Byrnes, Community Development DIrector, Butte-Silver Bow Community Development, Montana
The 3 NMTC projects completed in our community ensured over $50 million in private investment, increase the tax base, and created many new jobs.
Jaene Miranda, President & CEO, Boys & Girls Clubs of Palm Beach County, Florida
Thanks to the NMTC we will be able to provide a career readiness center for thousands of youth in the Belle Glade, Florida community – giving hope for a brighter future.
Alan Lesher, Chief Financial Officer, YMCA of the Inland Northwest, Spokane, Washington
Thanks to the New Markets Tax Program our YMCA was able to build a community facility in Spokane, WA. The facility is located in one of the poorest zip codes in the state of Washington. This facility has greatly improved the local area by providing valuable services including but not limited to child care, domestic […]
Tess Kuenning, President and CEO, Bi-State Primary Care Association, Bow, NH
Thank you so much for your thoughtful consideration of this important issue. Bi-State Primary Care Association is a nonpartisan, nonprofit organization that represents New Hampshire and Vermont’s 28 Community Health Centers, serving over 315,400 patients at 143 locations across every county in both states. Bi-State works to promote access to quality, affordable, primary health care […]
Steve Saltzman, CEO, Charleston LDC, South Carolina
Strongest anti-displacement tool available, allowing people in neighborhoods suffering from disinvestment to acquire assets on their balance sheets and build infrastructure in their communities that would otherwise be impossible but for NMTC.
Chuck Wiggin, Wiggin Properties, LLC, Oklahoma City, Oklahoma
Some of the most impactful projects we have funded over the past 10 years are projects that could never have been done without NMTCs. Few people know how the projects are financed. All they know is that they have touched the lives of thousands of low income individuals in need, and can’t imagine a world […]
Brian Hollenback, President/ CEO, Central States Development Partners, Inc., Rock Island, Illinois
Since 2016, Central States’ NMTC allocation brought $192 million in project value to highly distressed areas within six states. Central States worked swiftly to invest in highly distressed census tracts that exhibit high rates of housing need or rent burden, low-median worker wage rates compared to the area, high percentages of poverty, and high needs […]
Ann Hannan, Administrative Director, Smith NMTC Associates, LLC, St. Louis, Missouri
Since 2008, Smith NMTC has supported nonprofit developers in utilizing NTMCs to provide critical affordable homeownership opportunities and increased community services in struggling communities. With transactions in over 30 states, this work has resulted in the development of nearly 4,000 homes in low-income communities, as well as community facilities including credit unions, early childhood centers, […]
Romona Taylor Williams, Executive Director, Montgomery Communities United for Prosperity, Duck Hill, MS
Rural officials, businesses, community based organizations and residents face overwhelming challenges to solving the extraordinary socio-economic barriers that impede achieving a healthy quality of life and prosperity. NMTC’s are a significant tool to help overcome such barriers and attract private investments in community and economic development.
Giovanna Piovanetti, Executive President, Corporacion para el Financiamiento Empresarial del Comercio y las Comunidades, San Juan, Puerto Rico
Projects supported by this program obtain flexible capital to create more job opportunities for low-income people. This is essentially important to fund more projects that will get our people out of poverty and provide them with a high-quality job and a bright future for them and their families.
Katherine Easterly Martey, Executive Director, New Hampshire Community Development Finance Authority, Concord
Projects in rural Northern New England have been made possible because of the equity from the NMTC program. With out the NMTC equity the projects would not have been built. The projects have revitalized significant industries in rural NH like the creation of two new food cooperatives that serve as a hub of community activity, […]
Pamela Stevens, Staffing Coordinator, Full House Marketing, Detroit, Michigan
As a staffing company to the Residential Property Management industry, our clients rely on us to provide experienced, qualified temporary staff as well as direct hire placement candidates to their apartment communities. We see daily the impact NMTC has on communities within the Detroit area. Continuing NMTC will help existing low-income communities renovate aging buildings […]
Nathan Sondgeroth, Executive Director, Vera French Foundation, Davenport, Iowa
Over time, people with severe mental illness are pushed to marginalized and blighted geographic areas. While this pushing is not done intentionally, it is a natural outcome of the vicious cycle of poverty which can often times accompany the symptoms of mental illness and behavioral disorders. As a community mental health center, Vera French strives […]
David S Murnen, Executive Director/CEO, NeighborWorks of Grays Harbor County, Aberdeen, WA
Our rural service area has been left out of the tremendous economic growth experienced by our neighboring urban counties, yet we are the closest deep-draft port to Asian markets. What we do share with the other counties is the lack of affordable housing causing a desperate spiral into the abyss of homelessness, addiction, expensive incarceration […]
Karlene Lehman, Vice President, Princeton Enterprises, Bloomfield Hills, Michigan
Our management company serves tax credit communities in 15 states that benefit from the tax credit program. The vast majority are single mothers with children and the elderly. Visiting these communities and meeting many residents, I’ve witnessed first hand how vital this program is to their welfare. They deserve decent affordable housing. Thank you
Dawn Stanhope, President & CEO, Boys & Girls Clubs of Manatee County, Florida
Our community has received tremendous investment for our youth through the NMTC program. Without it, we would not have been able to build and expand our facilities to serve nearly triple the amount of youth in our county – from 200 kids per day up to 550! These programs offer parents peace of mind that […]
Ted Wysocki, CEO, Institute of Cultural Affairs, Chicago, Illinois
Our Chicago Land-marked building provides affordable space to 20+ non-profit tenants who serve over 1,000 low-income individuals weekly. NMTC will enable us to restore our vintage building and increase its energy efficiency for years to come in assuring our community’s diversity.
Oscar Bashualdo, Controller, Paterson Habitat for Humanity, Paterson, New Jersey
[The NMTC] helps us to better serve families needing a decent home in the most distressed areas in our neighborhood.
Mackenzie Ledet, Stonehenge Community Development, Baton Rouge, Louisiana
No other economic development program has successfully created jobs, grown our nation’s businesses and provided critical healthcare and other services in areas deemed too risky and too poor for traditional investors. From a veteran’s clinic in Indiana to a charter school in New Orleans to a steel manufacturing facility in rural Tennessee, the New Markets […]
Mike Schrage, City Manager, City of Salina, Kansas
NMTCs were instrumental in a key project in our downtown that was the impetus for redevelopment investments that are now estimated to exceed $170M
Michael Ross, Investment Director, The Business Valued Advisor Fund, Austin, Texas
NMTCS provide opportunities to fund both small business transactions enabling direct debt support for companies with higher risk profiles that according the Federal Reserve’s 2018 Study do not attract or receive the credit required to grow, yet form the base for 2/3rds of the nation’s job growth and funding of larger leveraged transactions that support […]
Dirk Meminger, Board Member, Bridge Investments, Rock Island, Illinois
NMTC’s provide capital to assist in funding the development and expansion of businesses that then expand employment and the financial well being of communities.
Kate Rowland, Treasurer, The Preston-Knight Foundation, LaGrange, Georgia
NMTCs provide access for low-income residents, low-income persons and low-income communities to realize their goals and plans. Whether it is growth in the industrial park and access to quality, accessible jobs, increased access to affordable healthcare and workforce training or the rejuvenation of downtown with mixed-use commercial and housing along historic main-street squares, this subsidy […]
Terri Preston, Executive Director, The Valued Advisor Fund, Austin, TX
NMTCs provide a vital economic resource enabling businesses to fill economic gaps with below-market, flexible funding that they cannot access in the market and provide for accessible and quality jobs, access to community and commercial goods and services that align with community goals and visions – designed to lift low-income neighborhoods upward and achieve long-term […]
Kathy Bray, President & CEO, Volunteers of America, Utah, Salt Lake City, UT
NMTCs made it possible to construct a resource center for homeless youth by bringing $1M in equity to the project