Cathy Phan, Business Development Coordinator, Asian American Health Coalition dba HOPE Clinic, Houston, Texas
The NMTC gives us the opportunity and sustainable funding to truly make an impact in the most vulnerable communities. Without the support of NMTC, communities that need the most help may get left behind, or worse, pushed out without any real solution to improving the community.
Erica Berrios, CFO, Habitat for Humanity of OC, Santa Ana, California
The NMTC funding has helped us to build 27 affordable homes in the City of San Juan Capistrano and some of those homes were sold to Veterans.
Steve Cruse, President, Iowa Business Growth Co., Johnston, Iowa
The NMTC finances projects in the lowest income census tracts across our state, projects that would not happen but for this program!
Jerry Phillips, President, Macedonia Community Development Corporation of South Brevard, Melbourne, Florida
The NMTC enhances the effort in providing affordable housing to those that could never obtain affordable decent homes for their families with assistance.
Chris Naumann, Executive Director, Downtown Bozeman Partnership, Bozeman, Montana
The NMTC credit’s are one of the only economic development tools in Montana that catalyzes projects that create jobs and critical socio-economic services for our citizens most in need.
Nancy Townsend, Redevelopment Director, Fort Wayne Redevelopment Authority, Fort Wayne, Indiana
The NMTC closes the funding gaps on Projects that enhance opportunities for people here in Fort Wayne. We have used these credits to support youth (through a Boys & Girls Club), provide shelter and services to homeless; support to mentally, job training for under skilled and under employed and many many other things. Without these […]
Davena Witcher, Executive Director, AMOR – Alliance for Medical Outreach & Relief, Fresno, California
The NMTC is helping us build a Health Care & Neighborhood Resource Center in rural Central California. This hub is bringing an unprecedented group of non-profit & county agencies together to deliver the resources our rural communities deserve to thrive and succeed.
Jose Villalobos, Senior Vice President, TELACU, Los Angeles, California
The NMTC allows us to provide capital to projects that meet a critical need, be it jobs, health services, transitional housing, youth programs, community goods, et al, in a low-income community and that without the NMTC would not move forward. The projects also serve as a catalyst for further investment in low-income communities which serve […]
Mahdee Iqbal, Director of Finance, Charter School of the Dunes, Gary, Indiana
The NMTC allows schools serving low economic activity areas to construct safe facilities conducing to education, the commercial channels of financing would never allow a $14MM construction in an area where immediate post construction value would be under $10MM. With limited capital, we can serve students in areas where traditional public schools are failing. This […]
Collette Poppendieck, CFO, Habitat for Humanity of the Mississippi Gulf Coast, Inc., Gulfport, Mississippi
The NMTC allows Habitat to continue to do our mission of providing affordable housing and economic stimulus to our community. It also has allowed Habitat to provide needed jobs in our low-income community.
Bryan Huffman, Chief Financial Officer, YMCA of the Triangle Area, Inc., Raleigh, North Carolina
The NMTC allowed us to build a YMCA in one of Raleigh’s poorest communities. Because of the Y’s commitment to enter the market, we also attracted a new public school, 120 affordable housing unit’s and are in the planning phase of commercial development to bring jobs and job training to this campus. Non of that […]
Amy Allison Thompson, Executive Director, Poverello Center, Inc., Missoula, Montana
The NMTC allowed us to build a new emergency shelter and soup kitchen for the most vulnerable in our community. Our old facility was a dilapidated mess. Our new building allows us to provide food, shelter, help and hope to all who ask in a dignified facility.
Arlo Washington, People Trust Loan Fund, Little Rock, Arkansas
New Markets Tax Credits play a vital role in attracting investments to low-income communities in Arkansas and would not receive investments without them.
Mary Rogers, Executive Director, Sherwood Forest Camp, Inc., Saint Louis, Missouri
New Markets Tax Credits (NMTC) enabled Sherwood Forest, a youth development organization serving young people from economically distressed families and communities in the St. Louis metropolitan region, to expand our resident camp facilities located in Reynolds County, Missouri. This facility expansion allows Sherwood Forest to serve more children during the summer and in the school […]
Peter Mello, Managing Director and coCEO, WaterFire Providence, Providence, Rhode Island
New Market Tax Credits were critically important to WaterFire Providence in creating the WaterFire Arts Center which is transforming the underserved Valley/Olneyville neighborhood of Providence into a vibrant arts corridor.
Cindy Weese, Executive Director, YWCA Missoula, Missoula, Montana
New Market Tax Credits provided crucial funding to create a crisis center and emergency housing for domestic violence survivors and homeless families in our community. With NMTC, the facility could not have been built and up to 50 families each night would have no where to sleep except in their cars or tents.
Susan Hay Patrick, Chief Executive Officer, United Way of Missoula County, Missoula, Montana
New Market Tax Credits have supported some of the most urgently needed community-strengthening projects in some of the most economically distressed areas of our region, including our 13 Native American reservations. Financially feasible NMTC-supported projects are creating jobs, fostering community economic self-sufficiency, and improving the health and quality of life for countless residents throughout our […]
Jude Conway, CEO, Ag Ventures Alliance, Mason City, Iowa
New Market Tax Credits have allowed our agricultural cooperative to develop businesses that grow rapidly and add many jobs to the economy, providing a big return on investment to the nation.
Christy Acord, Executive Director, Elmore County Rural Development, Elmore County, Idaho
New Market Tax Credit’s are one of the tools that help drive the economic development in the communities that we serve. Preservation of this essential tool for economic development is a key for the future of the economic growth in our expanding region.
Brian Sonderman, Executive Director, Milwaukee Habitat for Humanity, Milwaukee, Wisconsin
Milwaukee Habitat for Humanity participated in two NMTC transactions (2012 and 2018). The funds we received helped leverage millions of dollars of additional private investment to that we could build safe, affordable homes for low to moderate income families in some of Milwaukee’s most distressed neighborhoods. Without the NMTC we would be unable to serve […]
Tim Williams, Executive Director of Operations, Hope House Rescue Mission, Middletown, Ohio
Middletown residents face a growing need for emergency housing and it was critical that our community step up to the plate and provide safe emergency shelter for individuals and families facing homelessness. Grove Street Shelter could not have been expanded without the NMTC financing that Finance Fund and their partners brought to the table. This […]
Fany Flores, Housing Coordinator, Thriving Mind South Florida, Miami
Metropolitan cities like Miami are among the most expensive cities to live in. The housing costs are outrageous and there is no such thing as affordable housing. Therefore maintaining a system that it’s sole purpose is to create and preserve affordable housing is imperative for the good of our community. Please I ask you to […]
Jeffrey Frankel, AVP – New Markets Tax Credits, St. Louis Economic Development Partnership
Meaningful impact stems from investment in the most challenged communities, where projects require immense patience and flexible borrowing standards to ensure long-term sustainability and lasting impact for low-income residents and persons. All too often, the cost to construct facilities far outweighs traditional sources, operator experience and guarantees are absent, and/or newer technologies and social service […]
Barbara Beck, President/CEO, Habitat for Humanity of Florida, Clearwater
Many Habitat affiliates in Florida have used this program to leverage their assets and serve incrementally more homes for struggling families. The Florida affiliates build more homes than any other state; this is one “tool” in the “toolbox!”
Carrie Hook, Finance Director, Compass Family Services, San Francisco, California
Last year NMTC enabled Compass Family Services, a 106 year old nonprofit serving homeless and at-risk families, to purchase a facility for services and escape the high rents of San Francisco. In addition, our new building is more welcoming, it’s designed for the services we provide and it has afforded us room for expansion.
Demond Wilkerson, Managing Member, Modern Commercial Capital Institute, Bronx, New York
[The NMTC] is a tremendous aid in providing access to affordable Capital in low-income communities and as a benefit for MWBE Development and businesses
Rick Foran, Developer, Astrup Awning Renovation Project, Cleveland, Ohio
[The NMTC] was the difference between making the redevelopment of a blighted neighborhood being reborn and letting it continue to deteriorate. The jobs aspect of the program is a key driver of the success and gaining local support.
Kyle Coolbroth, CEO, Fueled Collective, Minneapolis, Minnesota
[The NMTC] provides small businesses the ability to have an impact in neighborhoods that otherwise might not justify the investments, and in return contributing to the hyper local community. This is a critical program.
Bradley Mitchell, Chief Financial Officer, Wilmington College, Wilmington, OH
[The NMTC] provides a funding mechanism to invest in our local community to improve and serve in ways we would not otherwise be able to.
Barbara Carey, President, The Communication Institute, Baton Rouge, Louisiana
[The availability of the NMTC] means that Rural Hospitals can build new facilities for state of the art healthcare and keep their communities attractive places to live and work.
William Sutherland, President, TransPecos Development Corp, San Antonio, Texas
[Funding through the NMTC] means that 7 mental health centers in rural Texas towns will get substantial funding to expand their currently underfunded mission.
David Allen, The Tennessee Rural Development Fund, Cookeville
[The NMTC] means opportunity to induce/entice investment into Rural Tennessee to improve the quality of life for our communities.
James Reese, President/CEO, Atlanta Mission
It is an incredibly important part of allowing many who serve the opportunity to complete critical projects that greatly impact the lives of those most struggling in our communities.
Echo Bergquist, The Unity Council, Oakland, California
[The NMTC] is a crucial source of funding to help stop commercial displacement in the vibrant neighborhood of Oakland whose population we serve.
Christopher Burnham, President, Development Finance Authority of Summit County Ohio
[The NMTC] helps us bring private investment capital into projects that otherwise would not be financially achievable.
Brian Tooley, Chief Financial Officer, Ditsch USA, LLC, Cincinnati, Ohio
[The NMTC] helped fund a new manufacturing line for our plant, which is located in an impoverished area of our city. This new line will provide additional solid employment opportunities for locals and will help spur growth capabilities beyond the new line