Mission & History

Since 2007, National New Markets Fund (NNMF) has focused its capital on investments in the South and Great Lakes regions. Every investment must generate a significant amount of jobs or provide critical services to low-income individuals and families. Past investments include rural hospitals, urban charter schools, transformative homeless service campuses and manufacturing companies. NNMF is a certified CDE of the U.S. Treasury Department New Markets Tax Credit Program.

Current Investment Focus

More recently, NNMF has narrowed its focus to exclusively invest in manufacturing companies that create a substantial number of new high-quality jobs for low-income individuals. Independent of the level of impact, every investment must meet rigorous underwriting standards; in addition, we embrace a highly proactive asset management approach to better ensure the financial success of each investment.

TAXPAYER
STEWARDS

NMTCs are funded by the U.S. taxpayer. Our foremost priority is to protect the taxpayer’s investment into each project.

FINANCIAL
SOUNDNESS

Our underwriting and asset management are proven, institutionalized processes that deliver success.

IMPACT
DRIVEN

Every investment meets rigorous impact standards, requiring substantial impact for low-income communities and individuals.

IMPACT
REPORTING

Investors receive detailed financial reporting as well as robust impact reports on every project.

NNMF TODAY

$577M

Total of $577M Invested
in Companies & Projects

42

Companies &
Projects Financed

12/14

CDFI Allocations
Have Awarded NNMF

(Since 2005)

12+

Award-Winning
Projects

(Impact Related)

NNMF IMPACTS

35%

Average
Poverty Rate Of Communities Invested In

17,090

Number Of
Jobs Created

66%

Of Jobs Accessible
For Low-Income &
Community Residents

1,000,000

Individuals Receiving Health, Food, & Other Critical Services Annually

Our Projects

NNMF has invested in a range of asset types in both rural and urban America. Below are the key categories of our investments along with key information on every investment to date.

Click below to filter by category:

View all AwardedCommercial/BusinessHomeless/Human ServicesHospitalsManufacturingRedevelopmentSchools
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Eatery Essentials

(Dallas, TX)
|
Closed March 2020

$19 M Total Costs

|

$19 M Total NMTCS

  • 46%
    Poverty Rate
  • 90%
    Community Minority Population
  • 150
    Jobs Created
  • 70%
    Jobs Created for Low & Mod Income

Eatery Essentials

Eatery Essentials, a subsidiary of Taiwan-based Vigour Pak, is using NMTC financing to develop a foodservice container manufacturing plant in South Dallas. The 400,000 SF facility will serve as the company’s U.S. headquarters and manufacturing plant, and will produce plastic (PET and recycled PET/polyethylene terephthalate) containers for foodservice and food processing companies, supermarkets and convenience stores. Eatery Essentials is using the funds to purchase and install equipment and raw materials as well as cover start-up operational expenses. The company will work with the nearby community colleges of the Dallas County Community College District, the State of Texas and local agencies to provide workers with customized training.

NNMF NMTCS: $19 Million

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Westervelt Sawmill

(Thomasville, AL)
|
Closed December 2019

$198 M Total Costs

|

$56 M Total NMTCS

  • 21%
    Poverty Rate
  • 37%
    Community Minority Population
  • 125
    Jobs Created
  • 70%
    Jobs Created for Low & Mod Income

Westervelt Sawmill

The Westervelt Company will revitalize a severely distressed rural area of Alabama by developing a state-of-the-art wood milling facility that is expected to be fully operational in 2021. The facility will produce approximately 250 million board feet of pine lumber annually, taking advantage of the company’s nearby timberland and other facilities, as well as its existing customer base. This initiative aligns with the Accelerate Alabama 2.0 Plan, which describes the forestry industry as a targeted industry for the state. The design of the Mill incorporates water efficient fixtures, recycled materials, energy-efficient equipment, and control technology to reduce emissions from operations.

NNMF NMTCS: $23 Million

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AAON Coil

(Longview, TX)
|
Closed November 2019

$61 M Total Costs

|

$23 M Total NMTCS

  • 37%
    Poverty Rate
  • 58%
    Community Minority Population
  • 475
    Jobs Created
  • 70%
    Jobs Created for Low & Mod Income

AAON Coil

AAON Coil Products is engaged in the engineering, manufacturing, marketing and sale of semi-custom heating, ventilation and air conditioning equipment (HVAC) for commercial use. The Longview branch is the HVAC coil, sheets and assembly branch of the national AAON firm. This 195,000 SF manufacturing and warehouse expansion will enable the company to create a new SA—a packaging geothermal heat pump—product line. The 195,000 SF buildout is the first phase of a total 422,000 SF expansion on-site, scheduled for completion in 2022.

NNMF NMTCS: $23 Million

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American SpiralWeld Pipe

(Paris, TX)
|
Closed December 2018

$101 M Total Costs

|

$34 M Total NMTCS

  • 21%
    Poverty Rate
  • 32%
    Community Minority Population
  • 235
    Jobs Created
  • 70%
    Jobs Created for Low & Mod Income

American SpiralWeld Pipe

American SpiralWeld Pipe (ASWP) is a division of American Cast Iron Pipe Company, which was founded in 1905 in Birmingham, Alabama to add spiral-welded steel pipe as a product line. ASWP specializes in producing spiral-welded steel pipes for various heavy industrial applications that include water, wastewater and hydropower. The NMTC financed 290,000 SF Paris facility is the third manufacturing site for spiral-welded pipe within the ASWP division. This new location allows the ASWP division to focus on the company’s national growth and provides spiral-welded steel product to the American southwest market. The project is located in both the Paris Enterprise Zone and the Paris Opportunity Zone.

NNMF NMTCS: $16 Million

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Swiss Krono Group

(Barnwell, SC)
|
Closed September 2018

$306 M Total Costs

|

$45 M Total NMTCS

  • 22%
    Poverty Rate
  • 54%
    Community Minority Population
  • 272
    Jobs Created
  • 85%
    Jobs Created for Low & Mod Income

Swiss Krono Group

Swiss Krono Group is a leading manufacturer of engineered wood flooring products. Its US subsidiary, Swiss Krono, LLC manufactures laminate wood flooring in Barnwell, SC. Currently, Swiss Krono's dependency on a small number of suppliers for the primary raw material in their products generates significant pricing risk, drives higher inventory levels, puts them at a competitive disadvantage and adds $7 million in annual transportation costs. This project seeks to expand their Barnwell location, installing a new manufacturing line that will allow them to produce high and medium density fiberboards on-site, thus eliminating the costs and risks of depending on their suppliers as well as eliminating thousands of truck trips annually and the related emissions.

NNMF NMTCS: $17 Million

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Flex-N-Gate

(Detroit, MI)
|
Closed July 2018

$235 M Total Costs

|

$41 M Total NMTCS

  • 52%
    Poverty Rate
  • 98%
    Community Minority Population
  • 814
    Jobs Created
  • 75%
    Jobs Created for Low & Mod Income

Flex-N-Gate

Flex-N-Gate Detroit is a 485,000 SF automotive manufacturing facility located in the I-94 Industrial Park within the “East Side” neighborhood of Detroit, Michigan.The facility houses stamping, welding, injection molding, and assembly of various car parts for original equipment manufacturers (OEMs). The new plant will initially be dedicated to supplying parts to Ford Motor Company for their revived domestic Ranger truck series. This facility, located in a Michigan Renaissance Zone, I-94 Industrial Park Dev. District, and Detroit Brownfield Redevelopment Authority Zone is helping bring back lost auto industry jobs to Detroit.

NNMF NMTCS: $17 Million

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American Tubing Inc.

(Springdale, AR)
|
Closed January 2016

$11 M Total Costs

|

$10 M Total NMTCS

  • 21%
    Poverty Rate
  • 68%
    Community Minority Population
  • 380
    Jobs Created
  • 63%
    Jobs Created for Low & Mod Income

American Tubing Inc.

American Tubing, Inc. (ATI) was founded in Springdale, Arkansas in 1976. ATI is a manufacturer/fabricator of copper, brass, cupronickel, and aluminum components for the commercial heating, ventilation, air conditioning (HVAC) industry. The new Springdale plant uses cutting-edge brazing technology that reduces the contamination between aluminum and copper. It has also enabled the company to focus on transitioning its tubing from copper to aluminum, which is lighter and less susceptible to corrosion. The plant has boosted economic growth in the region through creating jobs, offering industrial engineering internships to nearby university students, and operating an inmate work release program.

NNMF NMTCS: $10 Million

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Commercial Metals Company

(Durant, OK)
|
Closed December 2015

$263 M Total Costs

|

$52 M Total NMTCS

  • 19%
    Poverty Rate
  • 27%
    Community Minority Population
  • 618
    Jobs Created
  • 87%
    Jobs Created for Low & Mod Income

Commercial Metals Company

Founded in 1915, Commercial Metals Company (CMC) is a scrap steel recycling and manufacturing company that is one of the largest and oldest recyclers of metals in the U.S. The project built a Micro-Mill facility in Durant, OK, to efficiently process scrapped metal into metal rebar. The new facility has an annual production capacity in excess of 380,000 tons and constitutes the single largest rural economic development project in the state of Oklahoma. The CMC Durant facility utilizes the most advanced technology to minimize its environmental footprint via the electric arc furnace process.

NNMF NMTCS: $21 Million

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AWARD WINNING

Prairie Dog Pet Products

(Abilene, TX)
|
Closed December 2015

$25 M Total Costs

|

$24 M Total NMTCS

  • 27%
    Poverty Rate
  • 58%
    Community Minority Population
  • 226
    Jobs Created
  • 95%
    Jobs Created for Low & Mod Income

Prairie Dog Pet Products

Prairie Dog Pet Producers makes “premium” pet treats using 100% pure meats (farm-raised and grown in the USA). NMTCs financed Prairie Dog Pet Products’ manufacturing location in Abilene, a distresed community located in a Texas Enterprise Zone. NNMF financing was used for land acquisition, construction, equipment and working capital. The investment established a new technologically-advanced and vertically-integrated manufacturing facility which enables the manufacturing and processing of high-quality “Made in the USA” product lines at price points that can compete with similar products made overseas.

NNMF NMTCS: $24 Million

Award Winner :

2016-17 Project of the Year (Texas Economic Development Corporation)
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AWARD WINNING

Pizitz

(Birmingham, AL)
|
Closed February 2015

$6 M Total Costs

|

$23 M Total NMTCS

  • 45%
    Poverty Rate
  • 56%
    Community Minority Population
  • 273
    Jobs Created
  • 70%
    Jobs Created for Low & Mod Income
  • 29%
    Low + Workforce Housing

Pizitz

The Pizitz represents a historic rehabilitation of a 253,810 SF, 7-story, designated historic landmark into a mixed-use, mixed-income, LEED Silver project in downtown Birmingham. The ground floor features the Birmingham Public Market, a year-round, open-air market with “stalls” individually leased to locally owned and operated small food-related businesses. The building also contains community event space, residential units, and an innovative shared workspace. The project includes the use of green building materials and energy efficient appliances and water reuse systems, and promotes the use of public transit by being located two city blocks from the Birmingham Intermodal Facility.

NNMF NMTCS: $23 Million

Award Winner :

2018 Best Historic Challenge Winner (Marvin Architect Challenge) 2018 Merit Award Winner, Design Awards (AIA Birmingham) 2017 2nd place in “Other Construction Less than $1M”, Excellence in Construction (ABC Alabama Chapter) 2017 Best Projects (ENR Southeast)
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MIA Seating

(Union City, TN)
|
Closed December 2014

$23 M Total Costs

|

$22 M Total NMTCS

  • 24%
    Poverty Rate
  • 55%
    Community Minority Population
  • 178
    Jobs Created
  • 87%
    Jobs Created for Low & Mod Income

MIA Seating

MIA Seating manufactures a high quality “Made in the USA” product line of office chairs and furniture at prices that can compete with imported product from China. The NMTC financing provided to the project provided the final funding component to complete the construction and purchase the equipment for the project. This funding has been crucial in providing the quality manufacturing facility and the state-of-the-art equipment needed to compete globally with international competition. Training and educational programs are provided at no cost to the company as a site location incentive from the State of TN. The facility was built with a LEED focus and every product has received GREENGUARD Certification.

NNMF NMTCS: $17 Million

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Detroit Manufacturing Systems

(Detroit, MI)
|
Closed October 2014

$25 M Total Costs

|

$20 M Total NMTCS

  • 45%
    Poverty Rate
  • 93%
    Community Minority Population
  • 1000
    Jobs Created
  • 100%
    Jobs Created for Low & Mod Income

Detroit Manufacturing Systems

Detroit Manufacturing Systems specializes in performing injection molding and assembly and sequencing of interior trim components for the auto industry. Project funding furnished the development of new manufacturing lines for various major automotive companies such as Ford Motor Company (awarded) and Chrysler (targeted). DMS also plans to utilize project funding to finance additional equipment, which will enable DMS to perform vibration welding and ultrasonic welding processes that will help increase manufacturing content and capabilities beyond current levels.Included in the project is the creation of a greenbelt to accommodate neighborhood gardens, a playground and park.

NNMF NMTCS: $20 Million

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AWARD WINNING

Aker BioMarine

(Houston, TX)
|
Closed December 2013

$35 M Total Costs

|

$28 M Total NMTCS

  • 19%
    Poverty Rate
  • 91%
    Community Minority Population
  • 162
    Jobs Created
  • 58%
    Jobs Created for Low & Mod Income

Aker BioMarine

Aker Biomarine Manufacturing is a Norwegian-based fishing and biotech company that manufactures krill products through an environmentally-sustainable harvesting process which eliminates by-catch products and minimizes the impact on the ecosystem. In 2014, Aker BioMarine Manufacturing expanded their operations into a 144,800 SF manufacturing facility in Houston, Texas. The factory produces krill oil supplements and fish feed as a byproduct for distribution throughout the U.S. Aker’s expansion into Houston enabled it to transition from just krill harvesting to manufacturing krill oil.

NNMF NMTCS: $12 Million

Award Winner :

2016 European Technology Leadership of the Year Award (Frost & Sullivan)
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AWARD WINNING

Nucleus Innovation Center

(Louisville, KY)
|
Closed September 2013

$37 M Total Costs

|

$20 M Total NMTCS

  • 35%
    Poverty Rate
  • 54%
    Community Minority Population
  • 920
    Jobs Created
  • 50%
    Jobs Created for Low & Mod Income

Nucleus Innovation Center

Nucleus is a subsidiary of the University of Louisville Foundation that provides facilities to advance entrepreneurship and business growth for technology-based innovations. The Atria Support Center at The Nucleus houses research and health-focused companies as well as university affiliate offices which manage financing for university researchers. The opening of the 183,500 SF building more than quadrupled Nucleus’ space under management. Since the building opened in October 2013, they have had immense success in attracting companies and meeting the research and innovation needs of their tenants.

NNMF NMTCS: $15 Million

Award Winner :

2013 Commercial Real Estate "Deal of the Year" and "Project: Office" (Louisville Business First Newspaper)
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AWARD WINNING

Michigan Renewable Carbon

(Gwinn, MI)
|
Closed September 2013

$24 M Total Costs

|

$22 M Total NMTCS

  • 30%
    Poverty Rate
  • 18%
    Community Minority Population
  • 66
    Jobs Created
  • 100%
    Jobs Created for Low & Mod Income

Michigan Renewable Carbon

This new Michigan Renewable Carbon facility is capable of producing 4, 000 tons per year of activated carbon, and 4,000 tons per year of thermal carbon, a replacement fuel for coal. Both of these products are used to reduce the emissions of industrial power generation. The site has been designated a Michigan Renaissance Zone, and the project supports job creation in Michigan’s Upper Peninsula by utilizing the region’s abundant forestry resources and skilled local employees. In addition to supporting the local forestry industry, the project demonstrates that high tech companies can successfully operate in Michigan’s remote northern region.

NNMF NMTCS: $20 Million

Award Winner :

2014 Honorable Mention: “Small Business of the Year” (Novogradac Community Development Foundation)
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AWARD WINNING

Gateway Marketplace/ Meijer Investment Fund

(Detroit, MI)
|
Closed September 2012

$67 M Total Costs

|

$59 M Total NMTCS

  • 70%
    Poverty Rate
  • 87%
    Community Minority Population
  • 1050
    Jobs Created
  • 85%
    Jobs Created for Low & Mod Income

Gateway Marketplace/ Meijer Investment Fund

This project constructed a major retail center remediating a 36-acre Brownfield site at the Southeast corner of Woodward Avenue and Eight Mile Road in a severely distressed Detroit neighborhood. The anchor tenant, a 214, 000 SF Meijer Super Center, provides affordable groceries to local residents in a federally designated food desert with a poverty rate of 48% and median family income of less than 30% of the area's median family income. This was the first major grocery store built in Detroit in 50 years and is bordered by several consecutive federally designated food deserts. A bus stop in the middle of the retail center ensures available public transportation.

NNMF NMTCS: $14 Million

Award Winner :

2013 8 Mile Beatification Award (8 Mile Boulevard Association) 2014 Impact Award- New Construction (CREW Detroit)
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Dream Center

(Los Angeles, CA)
|
Closed August 2012

$49 M Total Costs

|

$50 M Total NMTCS

  • 38%
    Poverty Rate
  • 86%
    Community Minority Population
  • 116
    Jobs Created
  • 186
    Low + Workforce Housing

Dream Center

The Dream Center, a volunteer-driven organization, currently serves over 40,000 people each month. Services and programs offered include residential rehabilitation programs for teens and adults, a shelter for victims of human trafficking, a transitional shelter for homeless families, mobile hunger relief and medical programs, and a foster care intervention outreach that works closely with Los Angeles County’s Department of Children and Family Services to keep families intact by delivering the required furnishings, clothing and food to assure that their homes meet DCFS standards. Educational development programs such as adult basic education, job skills training and life skills counseling to homeless families and individuals make it a vital community development resource.

NNMF NMTCS: $16 Million

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AWARD WINNING

San Antonio Lighthouse for the Blind (SALB)

(San Antonio, TX)
|
Closed August 2012

$13 M Total Costs

|

$13 M Total NMTCS

  • 69%
    Poverty Rate
  • 90%
    Community Minority Population
  • 206
    Jobs Created
  • 100%
    Jobs Created for Low & Mod Income

San Antonio Lighthouse for the Blind (SALB)

The San Antonio Lighthouse for the Blind (SALB) has long established itself as a leader in quality rehabilitation services and employment opportunities for the blind and visually impaired in San Antonio. This project expansion, completed in 2013, created a larger manufacturing space to allow SALB to increase its office supply manufacturing contracts, generate a greater number of employment opportunities, and boost revenues. In addition to increasing manufacturing capabilities, SALB has continued to expand their services for individuals with vision impairment. During its sixth year of operation, SALB provided 9,444 individuals with healthcare, professional and educational services.

NNMF NMTCS: $13 Million

Award Winner :

2013 Honorable Mention: “Best Operating Business QLICI of the Year” (Novogradac Journal of Tax Credits)
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Charter School of the Dunes

(Gary, IN)
|
Closed July 2012

$13 M Total Costs

|

$13 M Total NMTCS

  • 36%
    Poverty Rate
  • 86%
    Community Minority Population
  • 120
    Jobs Created
  • 57%
    Jobs Created for Low & Mod Income

Charter School of the Dunes

Charter School of the Dunes (CSOTD), located in Gary, IN, is a charter school commissioned in 2003 that had outgrown its previous facility. CSOTD constructed a new, 65,000 SF facility to house its expanding student population and better serve and educate low-income students in the Gary, Indiana area. The school is located in the Miller neighborhood on the east side of Gary, a former industrial stronghold that has declined economically for decades. The new building was designed to achieve LEED Silver certification, and includes 32 classrooms, a science lab, a gymnasium, theater, a multimedia library, and a cafeteria and kitchen.

NNMF NMTCS: $13 Million

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AWARD WINNING

San Antonio Food Bank

(San Antonio, TX)
|
Closed June 2012

$27 M Total Costs

|

$27 M Total NMTCS

  • 34%
    Poverty Rate
  • 95%
    Community Minority Population
  • 398
    Jobs Created
  • 50%
    Jobs Created for Low & Mod Income

San Antonio Food Bank

The San Antonio Food Bank (SAFB) is a nonprofit that serves as a clearinghouse, receiving and storing donated food, fresh produce and other groceries. SAFB distributes these items to over 500 independent partner agencies that help people in need. Every week, 58,000 people receive food through SAFB's programs. The Food Bank also operates programs to help people escape the poverty that results in chronic hunger and encourages better nutrition throughout the region via educational services. This expansion doubled the size of the current facility, added additional parking, warehousing, refrigeration and freezer space and relocated SAFB's five-acre urban farm to a superior location adjacent to the enlarged parking lot.

NNMF NMTCS: $14 Million

Award Winner :

2012 Honorable Mention: Metro QLICI of the Year (Novogradac Community Development Foundation)
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B&C Research, Inc

(Barberton, OH)
|
Closed November 2011

$22 M Total Costs

|

$21 M Total NMTCS

  • 10%
    Poverty Rate
  • 8%
    Community Minority Population
  • 496
    Jobs Created
  • 93%
    Jobs Created for Low & Mod Income

B&C Research, Inc

The city of Barberton, Ohio, was once called the "Magic City" because of its fast growth and industrial base. However, the "magic" left Barberton in the 1970’s and 1980’s during the decline of the US manufacturing sector. The construction of this 50,000 SF state-of-the-art cast-house provided leading edge technology for Ohio, created jobs, and protected the existing job base by making the firm more cost competitive and efficient while saving energy, cutting down on emissions and highway congestion, and increasing the recycling rate of waste aluminum. The facility is the first of its kind in North America, using innovative new technology to produce billet, a bar that has been cast for milling, from re-melted scrap aluminum.

NNMF NMTCS: $21 Million

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Molina Healthcare Datacenter

(Albuquerque, NM)
|
Closed October 2011

$33 M Total Costs

|

$21 M Total NMTCS

  • 17%
    Poverty Rate
  • 82%
    Community Minority Population
  • 78
    Jobs Created
  • 43%
    Jobs Created for Low & Mod Income

Molina Healthcare Datacenter

TheMolina Data Center Information Technology (IT) project improved provision of healthcare to the poor by lowering operational costs. Molina is nationally recognized as a leader in providing quality healthcare to low-income families. The data center provided Molina with additional technological capacity enabling its customers, members, affiliates and internal operations to transact data across secure networks, thereby improving processing efficiency while protecting confidential patient data. The project allowed Molina to simultaneously improve the delivery of its services while reducing its costs. The project is LEED Gold-certified, utilizing innovative green building techniques that result in significant environmental impacts.

NNMF NMTCS: $3 Million

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AWARD WINNING

Central Louisiana Surgical Hospital

(Alexandria, LA)
|
Closed May 2011

$18 M Total Costs

|

$18 M Total NMTCS

  • 51%
    Poverty Rate
  • 84%
    Community Minority Population
  • 320
    Jobs Created
  • 25%
    Jobs Created for Low & Mod Income

Central Louisiana Surgical Hospital

Central Lousiana Surgical Hospital (CLSH) is a short-term stay hospital expanded and opened in May of 2010, providing quality and effective patient services to both the insured and uninsured. Roughly 47% of CLSH payments are derived from Medicare and Medicaid. Approximately 50% come from Blue Cross and other commercial providers. Nearly 1 in 5 of CLSH’s patients are impoverished Medicaid recipients. The new facility faces a number of operational challenges and is located in a rural census tract that is medically underserved. CLSH is responsible for significant job creation; NMTC financing preserved 157 jobs, including over 100 physicians.

NNMF NMTCS: $18 Million

Award Winner :

2014 Hospital rated 6th in the Nation in "Best Overall Care" (HCAHPS Survey)
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Next Generation Health Care

(Multi, OH)
|
Closed May 2010

$25 M Total Costs

|

$15 M Total NMTCS

  • 42%
    Poverty Rate
  • 60%
    Community Minority Population
  • 107
    Jobs Created

Next Generation Health Care

Next Generation Health Care delivers high-speed fiber optic connectivity to health care facilities located in Medically Underserved Areas in Northeast Ohio. The program enables medical providers to collaborate and share resources, delivers telemedicine and remote diagnostic services, encourages the adoption of electronic medical records and enhances access to health and medical imaging records. HealthNet helps provide telemedicine services to more than 7 million citizens in Northeast Ohio.

NNMF NMTCS: $7 Million

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S.T. Paper

(Oconto Falls, WI)
|
Closed April 2010

$92 M Total Costs

|

$92 M Total NMTCS

  • 9%
    Poverty Rate
  • 5%
    Community Minority Population
  • 99
    Jobs Created
  • 73%
    Jobs Created for Low & Mod Income

S.T. Paper

ST Paper, LLC (“Company”) is a locally-owned manufacturer, specializing in tissue and linerboard products for the paper industry utilizing 100% recycled fiber. The current owners of ST Paper purchased the over 100-year-old facility in April of 2007 when it was on the verge of entering into an involuntary bankruptcy, allowing the Oconto Falls community to retain the mill and its employees. With 87 employees, ST Paper is currently the largest private employer in Oconto Falls. Since 2007, over $20 million has been invested to upgrade the de-ink equipment, increase efficiencies and improve the mill’s maintenance. The capital investment in the mill has extended the life of the facility by roughly 50 years.

NNMF NMTCS: $15 Million

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AWARD WINNING

Haven for Hope

(San Antonio, TX)
|
Closed December 2009

$41 M Total Costs

|

$40 M Total NMTCS

  • 44%
    Poverty Rate
  • 91%
    Community Minority Population
  • 855
    Jobs Created
  • 100%
    Jobs Created for Low & Mod Income
  • 158
    Low + Workforce Housing

Haven for Hope

Haven for Hope is a 22-acre transformational homeless service campus dedicated to providing person-centered, trauma-informed services to address the root causes of homelessness and support self-sufficiency. The Haven for Hope Campus includes over 140 partner agencies that provide more than 300 functional services to its members, prospects, and local community. The campus saves taxpayers millions annually through improved service delivery to the local homeless population, and since opening in 2010 the downtown homeless count in San Antonio has decreased by 80%. New and existing buildings incorporate design and operational features that reduce energy consumption.

NNMF NMTCS: $15 Million

Award Winner :

2011 Special Housing Award (American Institute of Architects)
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Cleveland Institute of Art

(Cleveland, OH)
|
Closed November 2009

$48 M Total Costs

|

$23 M Total NMTCS

  • 31%
    Poverty Rate
  • 40%
    Community Minority Population
  • 235
    Jobs Created

Cleveland Institute of Art

Originally an historic Ford Model T factory, the McCullough Center project rehabilitated the 4-story 50, 000 sq. ft. building. The McCullough Center houses the Cleveland Institute of Art (CIA), a four-year undergraduate art college with an annual enrollment of approximately 500 students. CIA is one of the nation’s top 10 professional colleges of art and design. Phase II of the project will include an addition to the building which will consolidate the campus currently located in two buildings: the McCullough Center and the Gund Building. The project is designed to achieve LEED Silver Certification.

NNMF NMTCS: $13 Million

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Habitat Homes Project

(Jackson and Gulf Coast, MS)
|
Closed July 2009

$10 M Total Costs

|

$10 M Total NMTCS

  • 17%
    Poverty Rate
  • 47%
    Community Minority Population
  • 92
    Low + Workforce Housing

Habitat Homes Project

The Habitat Homes Project provided support to Habitat for Humanity (HFH) affiliates located in Metro Jackson and in the Mississippi Gulf Coast areas of Mississippi. These two HFH entities collaborated to build affordable single-family homes in Hurricane Katrina-impacted communities across Mississippi. Home designs incorporated water and energy-saving elements along with environmental sustainability features to lower owner operational expenses. The homes were built with volunteer labor and sold at affordable rates to low-income families earning 30-80% of the AMI. Home sales were financed with below-market rate mortgages.

NNMF NMTCS: $10 Million

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AWARD WINNING

Argonaut Building

(Detroit, MI)
|
Closed February 2009

$146 M Total Costs

|

$69 M Total NMTCS

  • 27%
    Poverty Rate
  • 77%
    Community Minority Population
  • 1370
    Jobs Created
  • 20%
    Jobs Created for Low & Mod Income

Argonaut Building

Located in downtown Detroit, MI, The Argonaut project converted a historic GM building into a 760,000 SF mixed-use educational facility. The College of Creative Studies’ expansion campus features educational facilities for undergraduate and graduate programs, residential facilities for up to 300 students and an arts and design middle and high school serving approximately 900 students annually. The project achieves LEED Certification for Existing Buildings, incorporates sustainability features, and may incorporate alternative energy generation once construction is complete. Six NMTC allocatees were involved in the transaction to overcome long-standing development hurdles.

NNMF NMTCS: $8 Million

Award Winner :

2009 Best Real Estate QLICI of the Year (Novogradac Community Development Foundation)
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AWARD WINNING

Second Line Stages

(New Orleans, LA)
|
Closed December 2008

$41 M Total Costs

|

$24 M Total NMTCS

  • 24%
    Poverty Rate
  • 35%
    Community Minority Population
  • 692
    Jobs Created

Second Line Stages

Second Line Stages is the first green, full service media production facility in the nation. This 90, 000 SF facility combines new construction with the restoration of a dilapidated warehouse. The facility design achieved LEED Silver Certification. The project provides apprenticeship and skilled employment opportunities for local residents and educational programs for at-risk youth. The completed facility now serves the burgeoning Louisiana film industry and has provided jobs and revenue to aid in the city’s economic recovery.

NNMF NMTCS: $6 Million

Award Winner :

2009 Practitioner’s Showcase Award (Council of Development Finance Agencies)
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AWARD WINNING

Plaza Adelante (MEDA)

(San Francisco, CA)
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Closed December 2008

$10 M Total Costs

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$9 M Total NMTCS

  • 20%
    Poverty Rate
  • 67%
    Community Minority Population
  • 126
    Jobs Created
  • 80%
    Jobs Created for Low & Mod Income

Plaza Adelante (MEDA)

This multi-tenant nonprofit complex, formerly a warehouse, located in San Francisco’s Mission District is a one-stop center of financial, legal, health, childcare and supportive services for low-income residents. By sharing common space and operating resources, nonprofit tenants lower costs and eventually may become owners in the facility. (Good Samaritan Family Resource Center, Mission San Francisco Federal Credit Union, Central American Resource Center, Dolores Street Community Services, Mission Asset Fund, Mission Neighborhood Centers, Saint Peters Housing Committee, Caminos Pathways Learning Center, and Immigrant Legal Education Network)

NNMF NMTCS: $9 Million

Award Winner :

2009 Best Metro QLICI of the Year (Novogradac Community Development Foundation)
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Hammond Square

(Hammond, LA)
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Closed August 2008

$81 M Total Costs

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$35 M Total NMTCS

  • 22%
    Poverty Rate
  • 33%
    Community Minority Population
  • 2028
    Jobs Created
  • 90%
    Jobs Created for Low & Mod Income

Hammond Square

Located within a rural underserved GO Zone community, the Hammond Square Mall project in Tangipahoa Parish doubled the size of a previously enclosed mall, transforming it into an 870,000 SF open-air shopping center with five anchor stores. In the aftermath of Hurricane Katrina, the area’s population nearly doubled with the influx of displaced New Orleans residents. The Mall, which opened in September 2009, provides much needed retail services and employment opportunities and is projected to generate 70% of the City’s tax revenues. The project incorporated significant sustainability features, and is considered one of the county’s biggest economic drivers relative to revenue and job creation.

NNMF NMTCS: $10 Million

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AWARD WINNING

Mercy Corps

(Portland, OR)
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Closed March 2008

$39 M Total Costs

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$25 M Total NMTCS

  • 62%
    Poverty Rate
  • 29%
    Community Minority Population
  • 520
    Jobs Created

Mercy Corps

The Mercy Corps project combined new construction with the rehabilitation of the historic 4-story Skidmore Fountain Building resulting in a contemporary utilitarian mixed-use facility. More than 80, 000 SF were developed to house Mercy Corps’ Global Headquarters and interactive public Action Center, Mercy Corps Northwest’s Small Business Development Center, community conference facilities and the Lemelson Foundation headquarters. The facility, which opened in October 2009, earned LEED Platinum Certification for its significant environmental impacts.

NNMF NMTCS: $8 Million

Award Winner :

2008 Best Metro QLICI of the Year (Novogradac Community Development Foundation)
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AWARD WINNING

King Edward Hotel

(Jackson, MS)
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Closed February 2008

$123 M Total Costs

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$74 M Total NMTCS

  • 54%
    Poverty Rate
  • 69%
    Community Minority Population
  • 315
    Jobs Created
  • 16
    Low + Workforce Housing

King Edward Hotel

The King Edward Hotel is the redevelopment of a historic hotel that has been vacant for more than 40 years. The building has evolved into a 265, 000 SF mixed-use urban center that features a 186-room hotel with a restaurant and high-tech business center, a 64-unit apartment complex, and premium retail space. The building’s historic integrity and heritage was preserved and the project generates significant economic activity in an area with high poverty. The hotel, which opened in 2009, incorporates sustainability within its design, construction, and operations. Design features include: energy efficient HVAC systems and an important waste diversion program as well as green housekeeping and maintenance practices.

NNMF NMTCS: $15 Million

Award Winner :

2010 Developments of Distinction Award in Historic Rehabilitation (Novogradac Journal of Tax Credits)
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WWII Museum

(New Orleans, LA)
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Closed December 2007

$60 M Total Costs

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$40 M Total NMTCS

  • 50%
    Poverty Rate
  • 41%
    Community Minority Population
  • 1172
    Jobs Created
  • 90%
    Jobs Created for Low & Mod Income

WWII Museum

The World War II museum has hosted more than 1.7 million visitors since 2000. Approximately 50% of visitors indicated that the museum was one of their top two reasons for visiting New Orleans. The multi-phase redevelopment and expansion of the World War II Museum is now a six-acre campus of exhibition pavilions that includes a 250-seat theater, a United Service Organizations-themed restaurant and performance space as well as major street improvements that, in effect, quadruple the square footage of the outdated facility. NNMF funded this project because of the multi-level economic impacts to this blighted area.

NNMF NMTCS: $6 Million

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Ochsner Baptist Medical Center

(New Orleans, LA)
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Closed August 2007

$120 M Total Costs

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$25 M Total NMTCS

  • 34%
    Poverty Rate
  • 73%
    Community Minority Population
  • 687
    Jobs Created
  • 48%
    Jobs Created for Low & Mod Income

Ochsner Baptist Medical Center

Prior to Hurricane Katrina, Ochsner Baptist Medical Center (formerly Memorial Medical) treated more uninsured patients than any other private hospital in the region. NNMF’s NMTC financing (two other allocatees invested) was structured as operational capacity to expand and re-open more than one million SF of medical services space including: a 100-bed surgical hospital, a senior living facility for 250 residents, an outpatient imaging center, a radiation center and medical offices. The project is bringing much-needed health services and jobs back to New Orleans.

NNMF NMTCS: $4 Million

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