New Markets Tax Credits Portfolio & Approach
Approach
New Markets Tax Credits (NMTC) projects address local needs and strengthen the social and economic infrastructure of low-income neighborhoods, particularly in markets where Enterprise has a strong history of investment and staff on the ground.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. All of our NMTC investments provide measurable community impacts, including creating jobs and providing goods and services.
Portfolio (A-M)
Our NMTC portfolio to date includes:- Placement 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
- 49 developments, including rental and for-sale housing, office, retail, hospitality, community centers, shelters, theatres and schools in 20 states and Washington, D.C.
California
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Asian Health Services Oakland Sustantial Rehabilitation and conversion into Community Health Clinic $10.5 million |
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YWCA Job Corps Urban Campus Los Angeles $15.5 million, New Markets Tax Credits 155,000 square feet New construction; Mixed-use community services faci |
Illinois
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The Ray and Joan Kroc Corps Community Center Quincy, Ill. $33.9 million 96,000 square feet community center |
Maryland
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Belvedere Square Baltimore $11.5 million Senior and subordinate debt Retail, Mixed-Use Commercial |
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CASA Multicultural Center Langley Park, Md. $7.9 million Rehabilitation; Office/Community Center |
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East Baltimore Development Inc. Baltimore $15 million loan (Phase I - 2004) $18.4 million loan (Phase II - 2007) Office, Residential, Retail; New Construction |
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Miller's Court Baltimore $9.4 million Rehabilitation; Mixed-Use with Rental Housing Component |
Massachusetts
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Whittier Street Health Center Boston $15 million New Construction: Community Health Center |
Michigan
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The Argonaut Building Detroit $15 million Rehabilitation; Mixed-Use |
Missouri
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Crown Square St. Louis, Missouri $12.5 million Mixed-Use - Commercial and Residential Rental |
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Fashion Square St. Louis $25 million Senior and subordinate debt Tax credit equity Commercial, Loft Apartments |
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Green Park Broadway St. Louis $11 million Service Center/Retail/Office |
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The Old Post Office St. Louis $8.2 million Senior debt Historic Rehabilitation, Commercial and Retail Development |
Submit a Deal
Is your project eligible for Enterprise's NMTC program?
To learn more, submit your preliminary project information:
To learn more, submit your preliminary project information:
- Complete the Project Summary Form
- Email it to the NMTC team
Portfolio Updates
Whittier Street Health Center is now open!
Thanks in part to Enterprise's NMTC allocation. www.boston.com
Thanks in part to Enterprise's NMTC allocation. www.boston.com