Tracy Cook, Beta Academy
The NMTC has been crucial in helping our school fund our new construction of our elementary campus.
Raquell Sartor, Beta academy
The NMTC allowed us to build a school to house all the scholars.
Helen Abernathy, Beta Academy
The NMTC allowed our school to build a permanent building. We have been living in dilapidated portables for 10 years, and having a permanent building is a dream come true for us!
Kari Hoefnagels, The Beta Foundation dba Beta Academy
Financing received through NMTC enabled us to build a new PK-5 elementary school in a low-income neighborhood in Houston. Our open-enrollment charter school provides a free but elite education for this underserved population. Our students regularly score higher than state and national averages for this population of scholars.
Thomas J. Diclemente, Gran Sasso Ventures LP
Demonstrated success in making dramatic change for the better in lower income neighborhoods.
Katherine Byers, Houston Food Bank
New Markets Tax Credit are a creative collaboration between government and the private, and non-profit sectors that results in economic growth across the spectrum.
Jim Morris, Greater Indy Habitat for Humanity
We have received two NMTC investments, which has allowed us to increase out production to meet the growing demand for affordable homeownership product.
Dawn Montecalvo, Guadalupe Center
The NMTC program allowed us to double the number the students we serve in our early learning program with the support to renovate one building and then build a new campus in an under resourced community.
Theresa M Chelikowsky, Florida Alliance for Community Solutions, Inc.
[The NMTC] is a good, tested and successful way to encourage investment in communities that need a little help.
Shelly Jean Tucciarelli, VISIONARY VENTURES NFP CORPORATION
I am a proud member of the Oneida Nation of Wisconsin and New Market Tax Credits have been used in Indian country for economic development and for Tribal renewal energy projects. It is so important to extend the NMTC program.
Monte Walker, Habitat for Humanity Jacksonville
Have used the NMTC to serve more families in our GSA on several occasions
Colin Ryan Oglesbay, D and O Architects
We have used these credits to develop amazing projects in the past. These projects would never have occurred without the NMTC bridge. We have witnessed neighborhoods transform largely due to this funding mechanism.
Chris Voss, Lyndale Investors
These dollars are critical to attract private investment to revitalize otherwise blighted and crime-ridden communities.
Don Leeper, Bookmobile
The NMTC program enabled us as a small business to acquire a building suited for our needs in the context of rapidly rising industrial lease rates, allowing us to continue to employ fifty people and to grow our services.
Molly Gaier, Goodmanson Construction
The NMTC allowed us to expand our operations and provide good paying jobs to residents of statistically impoverished areas. It is a program that truly benefits the communities in which it’s funding is used. It provides an excellent return on investment in several areas.
Stephen Horsfield, Simpson Housing Services
New Market Tax Credits filled a critical funding gap in our current project that is bringing much needed supportive housing resources to our community. We would like to support similar projects in the future as part of improving our housing continuum – which may not be possible without NMTC.
Jamez Staplrs, Northgate Development
We support New Tax Credits because it is one of the most effective tools for encouraging investment in underserved communities both rural and urban. NMTC promote economic vitality, infrastructure improvements, jobs and in incentives that create a win-win for private sector partners and communities that desperately need investments.
Quin Scott, 1401 Glenwood LLC
In utilizing a NMTC Loan, we were able to purchase a building in a targeted development zone to bring investment and jobs to the north side of Minneapolis. We use the proceeds of the loan to improve the existing structure and systems. With this investment, we have committed to staying in an underserved neighborhood and […]
Todd Peterson, Hiawatha Academies
The NMTC provided our school with sufficient funding avenues for our district to build and maintain a thriving high school for our community
Peter Berrie, Faegre Drinker
The NMTCs allow many nonprofit organizations to expand their missions. I’ve seen NMTCs build several homeless shelters and health clinics for the poor.
JoAnna Hicks, Element Commercial Real Estate
The NMTC is one of the only resources that exists to support complex developments in emerging areas. Much of the work we do in the Twin Cities would not happen without it.
Peter J Keely, Collage Architects
This program helps projects can done, and helps communities revitalize, and ultimately provides design and construction jobs as well as long term jobs in areas that need revitalization. This influx of capital helps other businesses invest. I have seen this happen on many projects, and have been involved on many of these and seen the […]
John Widmer, FirstPathway Community Development LLC
We are a CDE that has received $280 million of NMTC awards over the years. We finance job creating, manufacturing and industrial projects in our service area of Wisconsin, Illinois, Indiana and Michigan.
Craig Hahn, Milwaukee Habitat for Humanity
Funding via the NMTC process has been instrumental in Milwaukee Habitat’s ability to support safe, affordable housing projects. Our stated objective to double the number of families served is dependent upon this type of funding mechanism in the future.
John F. Stibal, First-Ring Industrial Redevelopment Enterprise, Inc.(FIRE)
Incentivizes investment and job creation in destressed neighbors.
Ted Lieser, Equity Community Builders
This program has been instrumental in providing much needed equity for projects to pencil, and has produced far more tax revenue than the credits provided. It has significant bipartisan support because it makes economic sense as well as providing strong social benefits.
Eric Edelson, Fireclay Tile
The NMTC was there to support Fireclay Tile during a very challenging moment when we expanded our California factory. Had NMTC not been available, the project would not have been able to be completed. This has led to both keeping 200+ jobs and hiring many new ones, and gives us a robust foundation for the […]
Todd Ferrara, Vice President, STANDARD HEATING & AC-Minneapolis St. Paul
This is an important fund to support city as well as rural areas of poverty and distressed places that need real investments identified by local people. This is an essential development funding source
Virginia Jacko, Miami Lighthouse for the Blind
As a recipient of the NMTC Miami Lighthouse for the Blind would not have been able to open our Academy for Blind and Visually Impaired Pre-k thru Third Grade Students without NMTCs.
DAndrea Franklin, Binghampton Development Corporation
Through NMTC, we were able to create 55 jobs in a disinvested community for low to moderate income families. This effort served as a catalyst for continued additional investments in the community including $10MM is a dance studio, $18MM in the Community Center, and $34MM is a 219-unit affordable housing complex. The invests are continuing […]
Jeff Cotton, True Mountain Capital, LLC
The NMTC is a winning bipartisan program for all!
Nigel Roberts, LISC Memphis
The NMTC program is a powerful tool for driving investment, fostering sustainable development, and enhancing the economic prospects in communities.
Oliwia Karczmarska, Civic Builders, Inc.
NMTCs are a critical subsidy for public charter school projects in low-to-middle-income communities across the United States. As a 501c3 lender and developer for public charter schools in such communities, NMTC are a core business line at our organization, enabling school leaders to realize their facilities projects and ultimately positively impact thousands of K-12 students […]
Lorrie Heinemann, Madison Development Corporation
[The NMTC] is an important financing tool for small businesses in the Midwest, including Madison, WI
Matthew Pugh, Baker Tilly
Beyond its clear benefits to the community, NMTC equity plays a crucial role in bridging significant gaps in a project’s capital stack. Now more than ever, access to capital is vital for businesses in high-risk, underserved markets. Having worked on over 200 NMTC transactions, we have seen the significant enhancement NMTC brings to help projects […]
Dan Heffernan, Community Ventures
Community Ventures supports New Markets Tax Credits as it attracts private capital to low-income and economically distressed areas by providing capital through the sale of the tax credits. This helps stimulate business growth, create good jobs, and improve communities where the investment might not occur otherwise.