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New Markets Tax Credits Portfolio & Approach

Approach

Enterprise New Markets Tax Credit (NMTC) projects strengthen the social and economic infrastructure of low-income neighborhoods. These investments provide measurable results that include creating jobs and providing access to new goods and services.

Enterprise NMTC projects will incorporate "green" characteristics that meet the Enterprise Green Communities Criteria or other recognized standards , reducing energy and operational costs and ensuring long-term viability.

Portfolio (A-M)

The Enterprise NMTC portfolio currently includes:
  • The investment of more than $600 million in commercial and mixed-use developments in urban centers and rural communities
  • More than 7.3 million square feet of new or rehabilitated real estate
  • Rhe creation of 49 developments that include rental and for-sale housing, office and retail properties, community centers and shelters, theatres and schools in 20 states and the District of Columbia
View projects by state, starting with the letters A-M. View states beginning with the letters N-Z.
 





California

YWCA Los Angeles Asian Health Services
Oakland
Substantial rehabilitation and conversion into a community health clinic
$10.5 million
Diamond Neighborhood Family Health Center
San Diego
New construction of a Federally Qualified Health Center
23,000 square feet
$9 million
YWCA Los Angeles YWCA Job Corps Urban Campus
Los Angeles
New construction; mixed-use community services facility
155,000 square feet
$15.5 million







Illinois

The Ray and Joan Kroc Corps Community Center
Quincy
Community center
96,000 square feet community center
$33.9 million
 

Louisiana

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

Maryland

Belvedere Square
Baltimore
Retail and mixed-use commercial space
Senior and subordinate debt
$11.5 million
CASA Multicultural Center
Langley Park
Rehabilitation into an office and community center
$7.9 million
East Baltimore Development Inc.
Baltimore
New construction of residential, office and retail space
$15 million loan (Phase I - 2004)
$18.4 million loan (Phase II - 2007)
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





Massachusetts

Whittier Street Health Center
Boston
New construction of a community health center
$15 million





Michigan

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






Missouri

Crown Square
St. Louis, Missouri
Mixed-use –property with commercial and residential rentals
$12.5 million
 
Fashion Square
St. Louis
Mixed-use property with commercial space and loft apartments
Senior and subordinate debt; NMTC equity
$25 million
Green Park Broadway Green Park Broadway
St. Louis
Mixed-use property with a service center and retail and office space
$11 million
 
The Old Post Office 
St. Louis
Historic rehabilitation for commercial and retail space
Senior debt
$8.2 million
 

Submit a Deal
Is your project eligible for Enterprise's NMTC program?

To learn more, email the NMTC Team.
Portfolio Updates
Whittier Street Health Center is now open! 
Thanks in part to Enterprise's NMTC allocation. www.boston.com