Virginia Fact Sheets, Stories, and Impact

Fact Sheet

Community Testimonials

It’s almost like it was waiting for us. It was meant for us. We will have the leadership team under one roof for the first time ever, which will be amazing.

Karen Stanley, CEO, CARITAS, VA

Virginia Supporters of the NMTC Extension Act

Virginia Project Profiles

Caritas

Caritas
Project City:
Richmond,
Project State:
VA
Project Year:
(2019)
NTCIC is pleased to announce the successful financial closing for the rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations …
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Sessions Hotel

Sessions Hotel
Project City:
Bristol,
Project State:
VA
Project Year:
(2018)
Adaptive reuse of local landmark as a boutique hotel and centerpiece of downtown revitalization efforts. “We’re excited about it,” said Kimberly Christner, president and CEO of Cornerstone and a partner …
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Church Hill North Retail Center

Church Hill North Retail Center
Project City:
Richmond,
Project State:
VA
Project Year:
(2018)
Construction loan for mixed-use development with grocery store, pharmacy, credit union, community space. The Church Hill North area is designated as a food desert. Affordable, healthy, nutritional food choices are …
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Martinsville Clean Energy Plant

Martinsville Clean Energy Plant
Project City:
Martinsville,
Project State:
VA
Project Year:
(2017)
The Martinsville Clean Energy project successfully combined Investment Tax Credits and New Markets Tax Credits for the design, construction and installation of state-of-the-art clean energy generation technology into an anaerobic …
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Commonwealth Crossing Business Centre

Commonwealth Crossing Business Centre
Project City:
Ridgeway,
Project State:
VA
Project Year:
(2017)
Commonwealth Crossing Business Centre (CCBC) is a modern business and technology park designed to attract major manufacturers with the potential to add value to the local economy and create thousands …
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River District Tower

River District Tower
Project City:
DANVILLE,
Project State:
VA
Project Year:
(2016)
The City of Danville, Virginia was founded in 1793 and chartered in 1830. Like so many other manufacturing areas that have lost their traditional industries, the area has its challenges …
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Monogram Food Solutions

Monogram Food Solutions
Project City:
Martinsville,
Project State:
VA
Project Year:
(2014)
Monogram Snacks Martinsville, LLC, a wholly owned subsidiary of Monogram Food Solutions, LLC, received a New Markets Tax Credit allocation of $8 million from Rural Development Partners as part of …
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Altria Theater

Altria Theater
Project City:
Richmond,
Project State:
VA
Project Year:
(2013)
The Carpenter Theatre first opened its doors in 1928 as a Loew’s Theater for moving pictures. It was shuttered in 1979 due to competition from suburban mul-tiplexes and changing demographics, …
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Petersburg Library

Petersburg Library
Project City:
Petersburg,
Project State:
VA
Project Year:
(2013)

Roanoke City Market Building

Roanoke City Market Building
Project City:
Roanoke,
Project State:
VA
Project Year:
(2011)
In July 2011, Hampton Roads Ventures invested $9,730,000 in the Roanoke City Market Building, a Certified Historic Structure and former center of commerce and social interaction for downtown Roanoke. Built …
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Blue Ridge Medical Center

Blue Ridge Medical Center
Project City:
Arrington,
Project State:
VA
Project Year:
(2011)
In 2011, the use of NMTCs combined with a Health Resources and Services Administration (HRSA) grant enabled the construction of a $7.2 million medical center and dental clinic which provide …
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Waters Place

Waters Place
Project City:
Culpepper,
Project State:
VA
Project Year:
(2011)
In 2007, Octagon Partners, a national real estate investment firm, purchased two historic buildings in downtown Culpeper, Virginia and announced plans to revitalize the commercial center in this distressed community …
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Habitat for Humanity, Buena Vista City

Habitat for Humanity, Buena Vista City
Project City:
Buena Vista City,
Project State:
VA
Project Year:
(2010)
Construction of affordable, for sale housing …
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Winegar Medical Center

Winegar Medical Center
Project City:
Duffield,
Project State:
VA
Project Year:
(2008)
Development of 26,500 sq. ft. medical office building which has tripled the available physicians from two to six, provided a full-service state-of-the-art Outpatient Diagnostic Center, and a fully-equipped rehabilitation facility …
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Our Health Community Services Complex Phase 2

Our Health Community Services Complex Phase 2
Project City:
Winchester,
Project State:
VA
Project Year:
(2008)
Description Our Health Community Services Complex Phase II involved the rehabilitation of an historic facility that expanded the provision of public and private health and social services available to residents …
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The New Markets Tax Credit Coalition
1155 15th Street NW, Suite 400
Washington, DC 20005
202-393-5225

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