Testimonials Archive

Kathy Bray, Volunteers of America, Utah

Our organization has successfully utilized NMTC to develop a center for homeless youth. NMTC are a mechanism that supports development of critical community facilities.

Jennifer Nuttall, Neighborhood House

The New Market Tax Credit helped us greatly in increasing our capacity to serve low-income families with the services they need to move up the economic ladder and become self-sufficient. This helps everyone, as they are then able to become contributing members of society.

Amy Rowland, Community Development Finance Alliance

This program has allowed our organization assist 17 important, impactful projects in low-income communities in Utah to the finish line. All of them continue to provide jobs and health, educational and social benefits to thousands of Utahns who would not otherwise have access to the services the sponsor organizations provide.

Michael Jalazo, People Empowering and Restoring Communities

NMTC’s and CDFI’s have an incredible direct impact in underserved communities in areas such as economic development, workforce development and health. These programs build wealth and health in fiscally responsible ways and need to be made permanent.

Renee Spillum, Platform Commercial Real Estate, SBC

This program has facilitated revitalization of communities that would have not been possible with traditional debt and equity, including launching many small businesses who have gone on to become significant employers and economic contributors in our community.

Charles Thell, Key Westgate

[The NMTC] was a key factor in supporting our decision to buy and refurbish the building we acquired. It resulted in building improvements. Addition of approx. 120+ well paid staff positions and enhanced area security.

Joshua Howe, Optimistic Partners

NMTCs are an exceptional program for transforming neighborhoods and a critical tool in the tool box for development. Without this program, there are a number of projects we have done that would have not been possible if not for the NMTC program.

Sandra M. Moore, Advantage Capital

The NMTC has a long and successful history as a pivotal cog in the wheel of community revitalization, business development and job creation across distressed urban and rural communities of this country. We therefore support making this credit permanent to assure that growth and revitalization continues.

Elizabeth Tallman, Development Association of Rock Island

The NMTC has provided critical resources for business development and expansion in our community.

Estela Schneekloth, Floreciente neighborhood Association

The NMTC provides funding to sustain economic development in communities by providing jobs and needed services.

Kathy Springer, Illinois Casualty Company

[The NMTC] supports the communities in which we do business and spurs the local economy.

Cindy Berg, Central States Development Partners, Inc.

The NMTC program is what a government incentive program should be. It improves low-income areas by creating quality jobs, quality healthcare and needed social services. The return on investment is significantly positive in all measures.

Kerry Mangelsdorf, Economic Growth Corporation

Within four months of closing on its first New Market Tax Credit (NMTC) Allocation Award with the U.S. Department of Treasury, our organization Central States has closed and/or allocated one hundred percent (100%) of its $45 Million award. The investments made to date will support more than $110.82 Million in project costs, creating 1425 jobs, […]

Brian Hollenback, Central States Development Partners, Inc.

As a seven-time NMTC allocatee, Central States Development Partners, Inc. has secured $270 million in federal NMTC allocations to date, including $50 million that closed with the CDFI Fund in November 2024. By April 2025, we will close $40 million, expected to generate $361 million in investment, create or retain 2,823 jobs, and serve 24,795 […]

Beth Payne, Central States Development Partners, Inc.

I have seen firsthand how the New Markets Tax Credit (NMTC) program serves as a powerful tool for driving private investment into areas that are often overlooked by traditional financing—particularly those that are severely and deeply distressed. NMTC financing doesn’t just bring capital into these communities; it catalyzes broader private-sector investment and job creation that […]

Kelly Powell, Community Partners of South Florida

[The NMTC] is one of the best tools to revitalize neighborhoods and to create jobs. Additionally, we want to use it to develop residential units.

Will Shurtleff, Cadence Bank

The NMTC’s ability to bring in and combine private investment with public funds into underserved communities is unmatched. And as one of the only government programs that pays for itself through job creation, and therefore new taxes, the NMTC program is a win-win for communities, low-income persons and the country.

Ryan Donohue, Habitat for Humanity Seattle-King & Kittitas Counties

we have used the NMTC to build homes here in the King County area and hope to use it again in order to continue to scale up our production to meet the need. it is also one of the only programs that support affordable homeownership production at the federal level.

Carol Patton, Shasta Community Health Center

We have been able to create or expand health related services in our community through NMTC financing. It has been truly invaluable!

Brandon Thornock, SCHC

We are a non-profit organization that has successfully utilized the NMTC opportunity in the past to bring lifesaving healthcare resources to our underserved communities of Redding and Anderson, CA. Without these funding resources, these clinics would not have been opened.

James Buerger, Finanta

This is a critical financing vehicle to support the development of key community projects in underserved markets.

Rebecca Davidson-Wagner, Pittsburgh Urban Initiatives LLC

I support the NMTC because it works to bring equity into distressed areas and to provide meaningful impact for communities.

Jordan Frazier, YMCA of Greater Pittsburgh

The NMTC program enabled our organization to invest hugely in our community. Without this investment, we would not have been able to renovate an important community building that provides crucial housing to a underserved population.

Tim Marks, Metropolitan Ministries

The NMTC helps projects impacted by hurricanes or economic distressed communities, which already have a broad base of support, complete with little or no debt.

Nelson Black, Florida Community Loan Fund, Inc.

The NMTC is an integral part of how CDFI’s such as FCLF provide funding to support and expand services to low-income individuals in need around Florida.

jeanne s freeman, Neighborhood Medical Center, Inc.

This is such an amazing cost savings to health centers and it helps us to expand our mission.

Brad Toft, YMCA of Greater Toledo

We were a beneficiary of the program. It allowed us to build a new YMCA in a very underserved area of Toledo. Would not have been possible without.

Tracy Hubbard, Bremer Bank

The NMTC program requires tangible and measurable outcomes for the communities where it is invested.

Benjamin Magras, St. Paul City School

The NMTC has provided an opportunity to educate students in their neighborhood while also improving a depressed community.

Jorg Pierach, Herbst Eatery & St. Paul

Our restaurant, which employs more than two dozen people, could not have opened without NMTC. We needed the long runway to establish our business in what is a very tough industry. We encourage the extension of this program.

Renay Dossman, Neighborhood Development Center (NDC)

The NMTC has allowed us to support development in low-income and under resourced communities. It has allowed us to provide jobs and to become more fiscally responsible. NDC supports 800 entrepreneurs a year and NMTC are a large part of our success.

May yer Thao, Hmong American Partnership (HAP)

HAP was able to acquire two facilities for our community work that we do through NMTC and investors who believed in our projects and its impact to communities and economies. Without these NMTC, our projects would not have come to fruition and our services to uplift communities would have been gravely limited.

Jolene Hart, Junior Achievement North

Junior Achievement North (formerly Junior Achievement of the Upper Midwest) was a recipient of NMCT in 2018. Without this investment into our project, we would not have been able to achieve our goal of serving tens of thousands of students in our experiential learning labs each and every school year. It allowed us to purchase […]

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