Bob Theil, NewCourtland Senior Services, Philadelphia, PA
As a non-profit, NewCourtland uses NMTC to make the communities we build in better and stronger.
Mary Ferguson, Desert Sage Health Centers, Mountain Home, ID
As a primary care health clinic we are able to provide preventive care, reducing the number of community members who end up in the Emergency Department, receiving care where it’s mostly costly. NMTC allows us to build a facility that can deliver care at a much lower cost and keep people health and productive.
Patricia Riley, Retired, Atlanta, GA
As a retired resident from Atlanta, GA, I support the NMTC programs in our community that have provided an important fiscal resource for new businesses that stimulate community development in neighborhoods seeking economic revival.
Nelly Palmer, Former NMTC Credit Analyst, Cornish, NH
I worked on NMTC deals for over 10 years at a small community bank in NH. In every deal financed, the NMTC enabled the wealthy developer to get wealthier still and a beautiful building was built also.
Ann Theis, Better City, Raton, NM
I work in low income communities and we need these types of options to attract investors to revitalize rural and low income communities.
Amir Ali, Low Income Investment Fund, Valley Cottage, NY
I am writing to strongly advocate for the permanence of the New Markets Tax Credit (NMTC) program, a crucial initiative that has consistently shown its power to uplift our nation’s most economically challenged communities. As someone who has been deeply involved in the finance and community development sectors for over a decade, I’ve seen firsthand […]
Michelle LeClair, Mascoma Community Development, Lebanon, NH
I work with a CDE that has deployed $253 million in NMTC allocation to support $717 million in development costs which created and retained over 3,500 jobs since 2016. My experience has been that this program works! The incentive to investors brings valuable funds to redevelop areas of disinvestment and begins turning blighted communities into […]
Charles Perry, Rose Urban Green Fund, Denver, CO
The NMTC program supports Jonathan Rose Companies’ mission to build Communities of Opportunities which link affordable housing, health care, healthy living programs, grocery stores and healthy food in food deserts, job training, counseling and creation, after school education and other supportive service programs in low income communities.
Jennifer Van Britson, Saint Louis Bank, Belleville, IL
Creates jobs, affordable housing, tax dollars for better schools…what’s not to love about thus program!
Rayme L. Nuckles, Treasure Coast Homeless Services Council, Inc., Vero Beach, FL
We are in need of expanding housing and services and these tax credits will help benefit those we serve.
Rey Jaquez, Affordable Homes of South Texas, Inc., McAllen, TX
We built 40 homes for our low income families. All sold before the prices increased.
Joshua Howe, Optimistic Partners, Saint Paul, MN
We believe there is strong evidence suggesting that the NMTC program has had positive impacts on poor communities, which in our view is both desirable and is commendable. This tax expenditure is costly and we believe that the benefit of the program justify its continuation, at least in its current form. On improvement we would […]
John Egan, The Genesis Fund, Brunswick, ME
We have seen the positive and lasting impacts of NMTC projects in lower income communities first hand – it works! The job creation and the quality of the jobs is so essential to lifting LMI communities out of poverty’s gravity
Jacqueline Roca, YMCA of South Florida, Miami, FL
Because of these tax credits the YMCA of South Florida was able to build a YMCA that supports a community in need.
Fredrick Lautz, St. Marcus Evangelical Lutheran Church and School, Milwaukee, WI
As a private voucher school serving primarily low-income African American students in grades K3 – 8th, St. Marcus Lutheran School needs to raise annually approximately 20% of its operating costs per student just to make ends meet. With a perpetual waiting list, St. Marcus is always looking to expand to reach more families. Capital costs […]
Erin Belgarde, Strategic Planning Coordinator, TMBCI, Belcourt, ND
We are one year into construction for a Recovery Center on the Turtle Mountain Reservation. This project is going to save so many lives of our community members.
Bill Hughes, True Moutain Capital, Memphis, TN
Crucial program for underserved communities for food access and medical care.
Brent Ekstrom, CommunityWorks North Dakota, Mandan, ND
The NMTC program has been a catalyst to providing economic and community development in rural communities through out the area we serve. Our organization utilized NMTC funding to create a emergency homeless shelter and service center to assist individuals out of poverty in Bismarck, ND. The shelter and center is the only one within 100 […]
Adelaide Guarracino, Capone Iron Corporation North Woods, Inc., Berlin, NH
I can remember sitting in many meetings with local Coos County (NH) officials who were so happy to hear of our intent to open a steel fabrication plant in Berlin, NH thanks to the NMTC program. They were overjoyed to learn of Capone’s intent to employ workers of all levels (skilled welders, painters, detailers, estimators, […]
Leslie Smallwood, Mosaic Development Partners, Philadelphia, PA
To date, our company has successfully utilized NMTCs in 5 development projects in the toughest neighborhoods in Philadelphia. In all circumstances, we have created 100s of jobs, started new diverse businesses, brought quality goods and services to food and health deserts and created affordable housing opportunities in these neighborhoods. Stopping this funding source will negatively […]
Keith Thibault, Southwestern Community Services, Keene, NH
There are very few true investment programs for lower income
Cody Morrison, Monadnock Economic Development Corporation, Keene, NH
The NMTC is critical to our community’s social and economic wellbeing. Using NMTC, our community has been able to complete public projects including a renovated courthouse and library, and the construction of a new homeless shelter that will serve the most vulnerable. We have also used NMTC to create rural manufacturing jobs, through the renovation […]
Stephen CApone, Capone Iron Corporation, Berlin, NH
Utilizing the NMTC loan program we were able to build a state-of-the-art steel fabrication facility in the economically depressed city of Berlin NH. Tying this program to job creation afforded us the opportunity that would have not been possible with traditional bank financing.
Stephen Capone, Capone Iron Corporation North Woods, Inc., Berlin, NH
The NMTC program was critical to Capone Iron Corporation North Woods, Inc. Without this program, we would not have been able to expand our operations to Berlin, NH and support/stimulate the local economy. The financing we received allowed us the opportunity to construct a steel fabrication facility and create many jobs for local residents, as […]
John Everett, Legacy Bank and Trust, Springfield, MO
Legacy Bank and Trust has been fortunate to have received an allocation of New Market Tax Credits for the past two years. We have used those credits to help finance various worthwhile projects. For example, New Market Tax Credits were used to help finance the purchase of equipment for a window manufacturer in rural Missouri. […]
Shirley Garcia, Collier County – Bayshore/Gateway Triangle – Naples, FL, Naples, FL
As a Community Redevelopment Area, NMTC has contributed millions in grant funding to revitalize underutilized and dilapidated buildings and provided millions toward economic growth and vitality. Please make NMTC permanent by passing the bipartisan NMTC extension act of 2023 (S. 234adn HR 2539). We are in support. Thank you.
Daniel Slavin, Homewise Inc, Santa Fe, NM
The NMTC for residential homeownership is incredible and very important to support communities like Santa Fe where the cost of a house has outgrown the average medium income of the community. These credits allow local workers to stay in the town they work and not travel 45 minutes to another community. This is vital to […]
Andre Alexander, Tabernacle Community Development Corporation, Saint Louis, MO
New homes for low to moderate income families and areas will not exist if NMTC are eliminated.
Gabriel Derosier, MainStreet Community Capital, Fairfax, VA
The NMTC helps to save lives, create new quality jobs, workforce training, promote inclusive communities, create services and amenities that residents in underserved communities can access. The permanency of the program is critical in order for CDEs/ CDFIs and other organizations to continue to serve the underserved populations.
Amanda Osmer, Grappone Automotive Group, Concord, NH
The NMTC program was an important part of our recent project, which will allow for more good paying jobs with solid benefits, as well as a community training room to bring in nonprofit and educational groups to meet free of charge. Personally speaking, being part of this NMTC project has really encouraged me to think […]
Brett Carolus, Hillyard, St Joseph, MO
The NMTC program provided the necessary financing for Hillyard to build our new, 144k sf distribution center in a distressed an underutilized neighborhood. Thanks
Robert L Jackson, Quitman County Development Organization, Inc., Marks, MS
This is a powerful development tool that we need to keep in the arsenal.
Kent Pipes, The Salt and Light Company, Inc., Westampton, NJ
This program is vital to keeping our depressed communities vibrant and able to serve lower income residents.
Thomas Johnson, MBTA, Randolph, MA
This program is critical to so many American people across our country please do not let it die. The jobs that it creates and the impact on communities across the country is dollars well spent that are helping to change lives and better our country for all. Please pass the legislation that will make NMTC […]
Bernadette Mueller, Valley National Bank, Morristown, NJ
Valley National Bank has demonstrated a steadfast commitment to the New Markets Tax Credits (NMTC) Program, actively participating as an investor and providing strong support for the NMTC Program. With a notable track record, Valley National Bank has invested over $530 million in 49 impactful NMTC transactions, located in distressed communities across the nation. Our […]
Mark DiSalvo, Pacesetter CDE, Inc., North Andover, MA
True and immediate impact not impeded by bureaucratic delay, guided by market influences that deliver immediate and sustained consequence for the neediest of people and communities.