New Markets Tax Credits Portfolio & Approach

Approach

We have been transforming communities for more than 30 years. We work long term with local stakeholders to reinvest in, rebuild and transform communities that are challenged by a shortage of affordable homes connected to good schools, jobs, transportation and healthcare.

We use New Markets Tax Credits (NMTC) to help finance environmentally-sustainable projects that bring essential goods and services to the same communities where Enterprise creates affordable homes. Our NMTC investments provide measurable community impact, including: health care centers, below-market office space for nonprofits, workforce training programs, healthy food production facilities and workforce housing for teachers.

We are an equal opportunity provider.

Portfolio

Our NMTC portfolio to date includes:

California

 
Asian Health Services Asian Health Services
Oakland
Substantial rehabilitation and conversion into a Federally Qualified Health Center
$10.5 million
 
Diamond Neighborhood Family Health Center Diamond Neighborhood Family Health Center
San Diego
New construction of a Federally Qualified Health Center
$9 million
 
HealthRIGHT360 HealthRIGHT 360
San Francisco
Rehabilitation; Wellness Center
$12 million
 
LightHouse for the Blind and Visually Impaired LightHouse for the Blind and Visually Impaired
San Francisco
Rehabilitation for the headquarters of an organization serving the blind
$15 million
 
YWCA Job Corps Urban Campus

YWCA Job Corps Urban Campus
Los Angeles
New construction; mixed-use community services facility
$15.5 million

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Georgia

 
Atlantic Healthy Foods

Atlantic Healthy Foods
Clayton County
New construction; light industrial facility
$51.4 million

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Illinois

 
The Ray and Joan Kroc Corps Community Center The Ray and Joan Kroc Corps Community Center
Quincy
New construction; community center
$33.9 million
 
Erie Healthreach Waukegan Health Center

Erie Healthreach Waukegan Health Center
Waukegan
Rehabilitation; Federally Qualified Health Center
$9.25 million

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Louisana

 
1770 Tchoupitoulas

1770 Tchoupitoulas Street
New Orleans
6,200 square feet of commercial kitchen space
6,400 square feet of other retail space
40,700 square feet of warehouse space
$10 million

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Maryland

 
R House R House
Baltimore
Rehabilitation; mixed-use development including an open market and food hall
$11 million
 
Belvedere Square Belvedere Square
Baltimore
Retail and mixed-use commercial space
Senior and subordinate debt
$11.5 million
 
CASA Multicultural Center CASA Multicultural Center
Langley Park
Rehabilitation into an office and community center
$7.9 million
 
East Baltimore Development Inc. East Baltimore Development Inc.
Baltimore
Early stage working capital
$15 million loan (Phase I - 2004)
$18.4 million loan (Phase II - 2007)
 
Miller's Court Miller's Court
Baltimore
Rehabilitation for mixed-use property with rental housing
$9.4 million
 
Mt Vernon Mill Mt. Vernon Mill
Baltimore
Historic rehabilitation for mixed-use property with office and restaurant space
$10 million
 
Remington Row

Remington Row
Baltimore
New construction; mixed-use with residential, retail and health clinic
$15 million

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Massachusetts

 
Whittier Street Health Center Whittier Street Health Center
Boston
New construction of a Federally Qualified Health Center
$15 million
 
Worcester Family Health Center

Worcester Family Health Center
Worcester
New construction of a Federally Qualified Health Center
$7.25 million

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Michigan

 
The Argonaut Building

The Argonaut Building
Detroit
Rehabilitation for a mixed-use property including charter schools
$15 million

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Missouri

 
Crown Square Crown Square
St. Louis
Mixed-use property with commercial and residential rentals
$12.5 million
 
Fashion Square Fashion Square
St. Louis
Mixed-use property with commercial space and loft apartments
$25 million
 
Green Park Broadway Green Park Broadway
St. Louis
New construction, light industrial
$11 million
 
The Old Post Office

The Old Post Office
St. Louis
Historic rehabilitation for commercial and retail space
$8.2 million

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Nebraska

 
Tip Top Building

Tip Top Building
Omaha
Rehabilitation of historic building for residential and commercial use
$12 million

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New York

 
Atlantic Avenue Industrial Center Atlantic Avenue Industrial Center
Brooklyn
Rehabilitation of a multi-tenanted manufacturing facility
$7.5 million
 
Bathgate Early Learning Center Bathgate Early Learning Center
Bronx
School Rehabilitation
$14.8 million
 
Boom!Health Boom!Health
Bronx
Rehabilitation
$10 million
 
Boricua College Boricua College
Bronx
Educational Facility/Commercial Space
$11 million
 
College Park College Park
Schenectady
New Construction, Commercial
$10 million
 
Ellicott Commons/Oak Street School Ellicott Commons/Oak Street School
Buffalo
Mixed-Use, Historic Rehab, New Construction
$10.5 million
 
Essex Crossing - Site 6 Essex Crossing - Site 6
Manhattan
New construction; mixed-use property with commercial and residential rentals
$12 million
 
Harrison Circle-Morris Heights Health Center Harrison Circle-Morris Heights Health Center
Bronx
New construction of a Federally Qualified Health Center
$10 million
 
Urban Health Plan (UHP) Urban Health Plan (UHP)
South Bronx
Rehabilitation, New Construction; Federally Qualified Health Center
$15 million
 
VOA Domestic Violence Shelter VOA Domestic Violence Shelter
New York
Emergency Shelter with Supportive Services
$7.7 million
 
Wholesale Distribution Facility

Wholesale Distribution Facility
Bronx
Industrial; New Construction
$20 million

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North Carolina

 
American Tobacco - Phase II

American Tobacco - Phase II
Durham
Mixed-Use; Rehabilitation
$19.5 million

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Ohio

 
Care Alliance Central Neighborhood Clinic

Care Alliance Central Neighborhood Clinic
Cleveland
New construction to expand a Federally Qualified Health Center (FQHC)
$10 million

 

Columbus Housing Partnership Columbus Housing Partnership
Columbus
Residential/Single-family Homeownership
$9.5 million
 
Oberlin-East College Street Oberlin-East College Street
Oberlin
New Construction; Mixed-Use with Rental and For-Sale Housing
$5 million
 
St. Luke’s Hospital Phase III St. Luke’s Hospital Phase III
Cleveland
Historic rehab; Mixed-use with charter school and nonprofit office space
$11 million
 
Shaker Square Shaker Square
Cleveland
Historic Rehabilitation, Retail Center
$10.5 million
 
South Campus Gateway South Campus Gateway
Columbus
Mixed-Use, Retail and Residential
$12 million
 
University Station University Station
Cincinnati
New construction, mixed use community
$5 million
 
Uptown at University Circle

Uptown at University Circle
Cleveland
New construction; mixed-income residential and retail
$10 million

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Oregon

 
Rosa Parks Elementary

Rosa Parks Elementary
Portland
New construction Public School Facility
$13.2 million

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Pennsylvania

 
Monessen Riverfront Development Monessen Riverfront Development
Monessen
New Construction Manufacturing Facility
$7 million
 
Oxford Mills

Oxford Mills
Philadelphia
Historic Rehabilitation Mixed-use/Residential/Commercial
$10 million

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Tennessee

 
Court Square Center

Court Square Center
Memphis
Historic Rehabilitation Residential/Office/Retail
$22.35 million

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Texas

 
Drury Alamo Drury Alamo
San Antonio
Redevelopment of Alamo National Bank building into Hotel
$25 million
 
Eleven East Corporation - Curve & Waller Buildings

Eleven East Corporation - Curve & Waller Buildings
Austin
Retail, Mixed-Use Commercial
$7.8 million

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Utah

 
Artspace Commons North Artspace Commons North
Salt Lake City
New Construction; Commercial and Residential
$20 million
 
YWCA of Salt Lake City Expansion

YWCA of Salt Lake City Expansion
Salt Lake City
New Construction; Shelter and Transitional Housing with Services
$15 million

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Virginia

 
Our Health Community Services Complex Phase II

Our Health Community Services Complex Phase II
Winchester
Rehabilitation; Health Care and Social Services Campus
$10 million

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Washington

 
Community Learning Space

Community Learning Space
Seattle
New Construction Educational and Community Facility/Office
$12.5 million

Hope Place Hope Place
Seattle
Mixed-use, Transitional Housing, Retail; New Construction
$10 million
 
Martin Woldson at The Fox Theater Martin Woldson at The Fox Theater
Spokane
Historic Theater Renovation
$16 million
 
Squire Park Plaza Squire Park Plaza
Seattle
Mixed Income Residential/Office/Retail/ Parking; New Construction
$15.5 million
 
Jim Wiley Community Center

Jim Wiley Community Center
White Center
New Construction Community Center
$11.5 million

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Washington, D.C.

 
Ontario Court Ontario Court
Washington, D.C.
Mixed-use; affordable residential rental, early childhood center
$9.4 million
 
THEARC

THEARC
Washington, D.C.
New Construction; Community Center
$10 million

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Wisconsin

 
33 East Main Street

33 East Main Street
Madison
Retail/Office; New Construction
$16.9 million

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