NMTC Investment Project Samples

4Roots Campus
Orlando, FL

Federal NMTC: $5,000,000
Project Cost: $18,000,000
Jobs: >300 temp construction, >70 new full-time perm
Poverty Rate: 40%
Unemployment Rate: 21.7%
Area Median Income: 51.57%

CCG Community Partners provided key tax credit equity financing for the $18 million Phase 1 of the 4Roots Campus project located at 1599 N. John Young Parkway in Orlando, FL.

The 4R Foundation, Inc. is a non-profit alliance of community stakeholders committed to creating a healthy thriving, sustainable, food system. Their key initiative is the 4Roots Campus which is being developed in the heart of Orlando to serve as a community crossroads where individuals and organizations can work together to build solutions for a better food future.

Located in a community where a significant portion of residents live more than a half-mile from the nearest supermarket, the $18 million Phase 1 of the 4Roots Campus consists of a food distribution center and a 29,000 sqft teaching facility. By aggregating produce from local farmers, the hydroponic greenhouse, and the USDA’s excess harvest from throughout Florida (otherwise destined for landfills), the 4Roots food distribution center will supply fresh, nutritious produce to Orange County Public Schools (where 68% of students qualify for free and reduced lunch programs), AdventHealth, and 4 Rivers Restaurant Group, while also providing produce to food desert areas through local farmers’ markets, Community Supported Agriculture memberships, and donation distribution programs. In addition, the 4Roots Campus will serve as an urban agriculture education and discovery center that showcases innovative, sustainable designs and practices, and will demonstrate circular, closed‐loop agricultural systems that promote the health of people and planet.

While retaining 9 full-time permanent jobs, Phase 1 of the 4Roots Campus is expected to bring at least 300 construction jobs and more than 70 new full-time equivalent permanent jobs to a highly distressed low-income census tract with 21.7% unemployment rate, 40% proverty rate, and 51.57% area median income.  

634 Julia Street
New Orleans, Louisiana

Federal HTC: $1,845,000
Federal NMTC: $10,000,000
Project Cost: $10,500,000
Jobs: 40 temp construction, >35 new full-time perm
Poverty Rate: 49%
Unemployment Rate: 31.6%

Avalon Partners, LLC and Catalyst Development, LLC have successfully completed the conversion of four historic buildings into 16 market rate and 4 affordable rental apartments on the upper three floors with approximately 9,000 rentable square feet of ground floor retail and office space.

The combined 26,500 square foot Julia Street Buildings are located in the Warehouse District of New Orleans, Louisiana, on one of the most desirable and picturesque tree-lined streets in the area. The project offers affordable retail and commercial space to local entrepreneurs and small businesses while providing much needed premier housing in the Central Business District.

975 High Street
Perth Amboy, New Jersey

Federal NMTC: $3,000,000
Project Cost: $9,100,000
Jobs: >50 temp construction, 60 new full-time perm, 56 full-time retained
Poverty Rate: 32.1%
Unemployment Rate: 9.9%

Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012. The storm ripped two-thirds of the roof off the building, and damaged the remainder. The storm caused extensive water damage to all of the building systems (HVAC, lighting, and fire suppression), destroyed the insulation and made the offices uninhabitable. The renovation work consists of a new roof, designed to withstand 120 mph wind speeds, new awnings and roof metal, energy efficient lighting, new heating systems, a new ESFR fire sprinkler system including a pressure-boosting pump, a new water service to feed the building, and general reconstruction of the office space. 

Abell Building
Baltimore, Maryland

Federal HTC: $1,300,000
Federal NMTC: $1,250,000
Project Cost: $8,400,000
Jobs: >135 temp construction, >40 new full-time perm
Poverty Rate: 41%
Unemployment Rate: 10.3%

Philadelphia Management & Companies has successfully converted the historic structure into 33 luxury market rate rental residential apartments and 12,000 square feet of ground floor retail space.

Located adjacent to the $85 million Centre Point Development and across from the $65 million Hippodrome Theatre on Baltimore's West Side, the renovated Abell Building completed the revitalization of the Hippodrome Theatre block and added a complimentary use to the theatre and commercial district.

The 6-story Abell Building is one of Baltimore's finest and most iconoclastic historic buildings. The 1870s-era brick and marble building was built by legendary Baltimore Sun Founder Arunah Abell in the Italianate style, and commands a striking presence on West Baltimore Street.

AGP Storage Facility
Aberdeen, Washington

Federal NMTC: $9,000,000
Project Cost: $63,400,000
Jobs: 96 new construction, 60 new full-time perm, saved 31 full-time perm
Poverty Rate: 24.4%
Unemployment Rate: 13.8%

Ag Processing Inc. (AGP) has successfully completed the development of an integrated grain and oilseed storage and export facility at Terminal 2 of the Port of Grays Harbor in Aberdeen, WA.

Serving as a gateway destination for US grain exports, the Storage & Export Facility consists of a railroad receiving building and six concrete silos with a storage capacity of 52,450 metric tons (2,065,000 bushels) of grain and oilseed. Alongside the Port's new state-of-the-art ship loading facility, the storage facility is a key component of a joint plan by AGP, the Port of Grays Harbor, and Pacific Railroad to develop a modern deep-water port with strategic access to Pacific Rim markets. Ag Processing Inc. has headquarters in Omaha, NE and is owned by approximately 180 local cooperatives representing over 250,000 farmers throughout the Midwest.

Allied Air Expansion Facility
Orangeburg, South Carolina

Federal NMTC: $4,500,000
Project Cost: $23,600,000
Jobs: >108 temp construction, >69 new full-time perm
Poverty Rate: 33%
Area Median Income: 53.83%

CCG Community Partners assembled the key tax credit equity financing for the $23.6 million construction of the new 400,000 square foot Allied Air expansion project, located at 355 Millennium Drive in Orangeburg, SC.

Red Rock Developments, LLC is constructing the expansion project on behalf of Allied Air Enterprises, a leading manufacturer of heating and air conditioning systems. Allied Air has outgrown its current shared manufacturing and distribution warehouse and needs a new distribution facility to increase its manufacturing and storage capabilities. By separating and consolidating their manufacturing and distribution functions to two separate buildings, Allied Air will increase its manufacturing capacity by 200,000 square feet.

The expansion project is expected to create over 108 temporary construction jobs and more than 69 new full-time permanent jobs in a census tract with a 33.0% poverty rate and 53.83% Area Median Income. Allied Air is one of the top five manufacturing employers in Orangeburg County, according to the Orangeburg County Development Commission, and currently employs over 560 people. As such, Allied Air’s presence in the community brings critically needed employment not otherwise available in the community and is a vital part of the economy.

Athens Biomass
Athens, Maine

Federal NMTC: $7,500,000
State NMTC: $29,700,000
Project Cost: $33,000,000
Jobs: 57 temp construction, >225 new full-time perm (estimate)

The Maine Woods Pellet Company, an existing successful vertically-integrated, third-generation family owned white wood pellet manufacturing and timberland business based on a 55-acre site in rural Athens, Maine, added a new all-in-one biomass processor, boiler and steam turbine power generation unit to help reduce its energy costs. The project gives the pellet business the ability to continue and significantly increase its 100,000 ton per year production at a time when energy costs have become the one of the most problematic and limiting factors. The project has the added benefits of using locally harvested waste wood biomass as its fuel source to generate electricity and to provide thermal output to be used as part of the wood pellet manufacturing process.

Brewery Park Buildings
Philadelphia, Pennsylvania

Federal HTC: $2,400,000
Federal NMTC: $1,750,000
Project Cost: $14,000,000
Jobs: >125 temp construction, >20 new full-time perm
Poverty Rate: 29.5%
Unemployment Rate: 15%

Melon Green Realty Group transformed these two Brewery Park buildings into 89,650 square feet of commercial space with 8 residential units. The 68,150 square foot Master Street property is leased to an Art Center for retail and storage space, while the smaller 31st Street building houses several community businesses as well as 8 residential units.

The Brewery Park Buildings are located in the Brewerytown District, one of North Philadelphia's most historic areas. The Brewerytown District features ornamented red brick buildings typical of Philadelphia architecture of the mid-1870s. The neighborhood is also home to Girard College, Boathouse Row and the Philadelphia Art Museum.

Buc-ee’s Travel Center
Crossville, Tennessee

Federal NMTC: $4,000,000
Project Cost: $51,600,000
Jobs: >250 temp construction, >175 new full-time perm
Poverty Rate: 35.3%

CCG Community Partners assembled the key tax credit equity financing for the $51.6 million construction of the new 55,000 square foot Buc-ee’s Crossville project, located at 151 Sweeney Drive in Crossville, TN.

Buc-ees, Ltd, is developing this new travel center, its first in Tennessee. Buc-ee’s, a convenience store chain located primarily in the South, is known for its highway mega convenience concept, which includes both large scale convenience store and travel center formats. The Buc-ee’s Crossville travel center, currently slated to be a larger Buc-ee’s format, will include a convenience store, deli, coffee shop, and a 120 fueling position gas station. All Buc-ee’s locations are open 24 hours per day, 365 days per year.

The Buc-ee’s Crossville project is expected to create over 250 temporary construction jobs and 175 new permanent jobs in a census tract with a 35.3% Poverty Rate. The project is projected to increase the tax base for the community by approximately $40 million, and bring an estimated annual payroll of more than $7 million, of which more than $6 million will be attributable to the local low-income community.

Capitol Building
Fayetteville, North Carolina

Federal HTC: $1,425,000
State HTC: $1,425,000
Federal NMTC: $2,000,000
Project Cost: $9,900,000
Jobs: >175 temp construction, >140 new full-time perm
Poverty Rate: 48.2%
Unemployment Rate: 52.3%

Henderson Holdings, LLC converted the building into approximately 45,000 square feet of restaurant, retail and office space, of which Dock's restaurant and entertainment complex comprises over 35,000 square feet.

The former Capitol Department Store is the most significant historic department store in Fayetteville, and one of the most significant buildings in southeast North Carolina because of its striking Modernist facade of marble and mosaic, its grand second story balcony, and immense convex window. The rehabilitation of this historic building also created a lasting economic impact in a census area with severe poverty and unemployment.

Cultivate Food Rescue
South Bend, IN

Federal NMTC: $5,000,000
Project Cost: $7,800,000
Jobs: >130 temp construction, >26 new full-time perm, 16 full-time retained
Poverty Rate: 36.5%
Area Median Income: 52.88%
Unemployment: 14.8%

CCG Community Partners assembled the key tax credit equity financing for the $7.8 million cold storage expansion facility located at 1503 Prairie Avenue in South Bend, IN.

Cultivate Food Rescue, a 501(c)(3), is developing a new 21,000 sqft facility that will primarily serve as a cold storage warehouse capable of housing over 2,000 pallets of food. In addition to increasing refrigeration, freezer and dry storage space, Cultivate’s new facility will help improve a currently expensive and inefficient end-to-end supply chain system by incorporating new technologies, removing limitations to accepting additional resources, and improving food accessibility and distribution. The new facility is expected to increase total capacity from 2 million to 20 million pounds of food served each year, while expanding its partnership network from 120 to over 400 food pantries and social service organizations across three counties.

Located in a highly distressed census tract with a 14.8% unemployment rate, 36.5% poverty rate and 52.88% median family income, the project is expected to retain 16 full-time permanent jobs, while creating over 130 temporary construction jobs and 26 new full-time permanent jobs.

Custom Foods of America
Knoxville, TN

Federal NMTC: $5,000,000
Project Cost: $52,500,000
Jobs: >250 temp construction, >211 new full-time perm, 236 full-time retained
Poverty Rate: 38.3%
Area Median Income: 54.65%

CCG Community Partners provided key tax credit equity financing for the $52.5 million renovation and expansion of the Custom Foods of America facility located at 3600 Pleasant Ridge Road in Knoxville, TN.

Founded in 1982, Custom Foods of America (CFA) has been committed to the environment, meaningful employment opportunities for all, and reducing food-insecurity for children, adults, and seniors. CFA is dedicated to growing contributions of food to non-profits such as Feed the Hungry and Second Harvest.

Located within a USDA-designated food desert, the $52.5 million project will include the construction of a new 117,000 sqft food production facility, retrofit of an existing 10,000 sqft facility with an Automated Storage/Retrieval System (AS/RS), construction of a new 46,000 sqft Finished Goods Storage Freezer, and construction of a new 20,000 sqft Finished Goods Refrigerated Staging Dock. CFA has donated over 2.5 million lbs. of excess raw materials over the past 5 years, and the expansion is expected to increase capacity by 70%. With a “people first” mentality, CFA strives to employ and train low-income individuals to ensure continued success and higher earning potential.

While retaining 236 full-time permanent jobs, the CFA project is expected to create at least 250 construction jobs and at least 211 new full-time permanent jobs in a highly distressed low-income census tract with a 38.3% poverty rate and 54.65% median family income.

The Dewberry
Knoxville, TN

Federal NMTC: $5,000,000
Project Cost: $24,400,000
Jobs: >85 temp construction, >35 new full-time perm, 122 full-time retained
Poverty Rate: 51.4%
Area Median Income: 54.65%
Unemployment: 19.00%

CCG Community Partners provided key tax credit equity financing for the $24.4 million renovation of the Dewberry Building located at 5th Avenue South in Birmingham, AL.

Farris Properties has successfully completed the Dewberry Building redevelopment project by transforming a 1960s-era warehouse building into an 80,000 sqft multi-tenant Federally Qualified Health Center (FQHC) and wellness facility serving primarily minority, low-income, uninsured, and under-insured people living with HIV/AIDS throughout Alabama and across the Southeast region.

The Dewberry houses two health organizations: 1) the 1917 Clinic, which is Alabama’s largest HIV health care unit and one of the country’s leading HIV clinics; and, 2) the Magic City Wellness Center (MCWC), which provides outreach, counseling and medical services to persons living with HIV/AIDS as well as LGBTQ individuals in a safe, welcoming and affirming environment. By moving into the Dewberry, the 1917 Clinic tripled its square footage to 60,000 sqft, thus allowing it to serve twice as many patients and provide more space for its research units, patient health services, dental clinic, pharmacy, resource center with computer/internet access, teaching kitchen, and fitness area. The remaining 20,000 sqft is occupied by the Magic City Wellness Center (MCWC), which works alongside and in conjunction with the 1917 Clinic to provide better health care and expanded research opportunities for the LGBTQ community and persons living with HIV/AIDS.  The MCWC offers, free of charge, primary medical care services, Pre-Exposure Prophylaxis (PrEP), Hormone Replacement Therapy, STD/STI testing and treatment, and nutritional services. 

While retaining 122 full-time permanent jobs, the renovation project created approximately 85 new construction jobs and 35 new full-time jobs in a census tract with 51.4% poverty rate, 35.1% median family income, and 19.0% unemployment rate.

Dunn Distribution
Dunn, North Carolina

Federal NMTC: $10,000,000
Project Cost: $58,000,000
Jobs: >100 temp construction, >250 new full-time perm expected, 100 new trucking/transportation
Poverty Rate: 25.7%
Unemployment Rate: 9.5%

Rooms To Go, the largest independent furniture retailer in the United States, developed a new 1.2 million sqft facility which serves as its primary distribution and processing center for online deliveries throughout the eastern United States. At the facility, furniture components are received, assembled, warehoused and ultimately shipped directly to customers’ homes. The facility also includes a state-of-the-art 60,000 square foot retail showroom and outlet center, ancillary office space and a truck wash.

Early Childhood Education Center & Provider Training Hub
Clifton, CO

Federal NMTC: $5,000,000
Project Cost: $25,400,000
Jobs: >73 temp construction, >53 new full-time perm
Area Median Income: 51.75%
Unemployment: 15.90%

CCG Community Partners provided key tax credit equity financing for the $25.4 million new construction of two adjacent buildings totaling 34,634 sqft, that will offer early educational learning for low-income children as well as training of new ECE providers (i.e., teachers/aides), located at 3270 D ½ Road in Clifton, CO.

The Project Sponsor is Mesa County. The Early Childhood Education Center (ECE) will create 154 new high-quality ECE seats to serve the Clifton community, providing parents with secure access to child care and pre-K children with the early learning start that has been demonstrated to boost educational attainment in future K-12 classes. The ECE Center with its commercial kitchen will prepare breakfast, lunch and 1 snack daily, providing an estimated 120,000 meals annually. The ECE Center will also use the kitchen to teach healthy eating and food preparation skills to low-income community residents. In addition, to accomplish Mesa County’s longer-term goal of creating capacity for an additional 4,000 children by 2027, the Project will build an adjacent ECE Provider Training Hub to teach and certify 250 new teachers/aides annually, in order to combat current workforce shortages.

Located in a low-income census tract of Highest Distress with 15.9% unemployment ratio and 51.75% area median income, the Project is expected to create 73 temporary construction jobs and approximately 53 new full-time permanent jobs.

Feeding Tampa Bay
Tampa, FL

Federal NMTC: $6,000,000
Project Cost: $54,400,000
Jobs: >132 temp construction, >29 new full-time perm, 155 full-time retained
Poverty Rate: 51.4%
Area Median Income: 54.65%
Unemployment: 19.00%

CCG Community Partners assembled the key tax credit equity financing for the $54.4 million new construction of the Feeding Tampa Bay hunger relief center located at South 22nd Street & Causeway Boulevard in Tampa, FL.

The project sponsor, Feeding America Tampa Bay, Inc. is constructing a new 211,650 sqft hunger relief center, providing West Central Florida communities access to food and scale social services in order to improve outcomes and lift families toward self-sustainability. 

Feeding Tampa Bay is a food rescue and distribution organization that delivers critically needed food and social service access to underserved residents throughout the 10 counties in West Central Florida. With its new facility, Feeding Tampa Bay expects to serve more than 716,000 distinct individuals and distribute over 196 million pounds of food annually by Year 7, a more than 80% increase over current services. Also, in situations of crisis, Feeding Tampa Bay will be able to deliver emergency items as part of the Hillsborough County Emergency Operations. Feeding Tampa Bay’s Disaster Readiness team is FEMA trained and works directly with local emergency management operations to provide food, water, and hygiene items during crisis situations. 

The project is expected to retain 155 full-time permanent jobs while creating 132 new construction jobs and 29 new full-time permanent jobs.

Ford Center
Minneapolis, Minnesota

Federal HTC: $10,150,000
Federal NMTC: $5,000,000
Project Cost: $65,000,000
Jobs: 225 temp construction, 110 new full-time perm
Poverty Rate: 36.6%
Unemployment Rate: 22.1%

United Properties Investment, LLC has successfully completed the Ford Center redevelopment project by transforming a former automobile factory into a 269,000 square foot, LEED-certified Class A office building targeted to creative services businesses.

The Ford Center redevelopment project returned a 95-year-old, dilapidated Ford Assembly plant to its historic condition for lease to office tenants. It is the first office project in the "North Loop" neighborhood for over 10 years and the aesthetically pleasing redevelopment and environmentally friendly design will serve to stimulate other economic development in this historic neighborhood.

France Road Port
New Orleans, Louisiana

Federal NMTC: $10,000,000
Project Cost: $9,800,000
Jobs: 30 new construction, 50 new full-time perm, relo 115 full-time perm
Poverty Rate: 22.2%

Transportation Consultants, Inc. has successfully developed 200,000 square feet of warehouse and distribution center space and the installation of an integrated railcar unloading system on 27 acres of unimproved land acquired from the Port of New Orleans and adjacent to the 9th Ward.

The development complex includes the use of 10-to-15 acres serving as a containerized depot facility for Transportation Consultants, Inc. and another 4 acres serving as a distribution center for Triton Stone Group of New Orleans, LLC. A 150,000 square-foot warehouse facility was constructed to support both endeavors while 50,000 square-foot warehouse was constructed as a distribution center for a regional restaurant supply company. In addition, a New Orleans Public Belt railroad spur and railcar unloading system has been installed as part of the containerized depot facility for bulk railcar unloading.

Grady Center for Advanced Surgical Services
Atlanta, Georgia

Federal NMTC: $6,000,000
Project Cost: $227,000,000
Jobs: >590 temp construction, >211 new full-time perm
Poverty Rate: 34%
Unemployment Rate: 12.9%

CCG Community Partners assembled the key tax credit equity financing for the $227 million construction of a new 225,000 square foot, 10-story health center located at 80 Gilmer Street SE Street in Atlanta, GA which will be an expansion to the neighboring Grady Health System facilities already in operation.

To be known as the Grady Center for Advanced Surgical Services (Grady CASS), the new medical facility will be fully occupied by Grady Health System and provide a variety of healthcare services. The new 225,000 square foot, 10-story building will include 5 levels of below-ground parking and 4 clinic levels that will include 8 operating rooms, 4 endoscopy rooms, the Cancer Center, surgical clinics including orthopedics, general surgery, ENT, and oral surgery, and the Eye Center. Grady CASS will expand Grady’s surgical clinic capacity by 45% and operating room capacity by 25%, with improved efficiencies generated by the separation of ambulatory services from inpatient services. This expansion will also allow for an approximate gain of 50 patient beds in the main hospital. The Project is expected to create over 590 temporary construction jobs and at least 211 new full-time permanent jobs, in a census tract with a 12.9% Unemployment Rate and 34% Poverty Rate.

Since its founding more than 100 years ago, Grady Health System has served as the safety net hospital for greater Atlanta, including Fulton and Dekalb counties. The hospital’s mission has been to provide care to anyone who walked through its doors, regardless of ability to pay. The mission to serve the Low-Income Communities remains as strong today as ever. Annually, Grady provides approximately 65% of its care to patients who were either uninsured or covered by Medicaid. Additionally, the hospital spends 17% of its annual operating budget on community benefit programs including charity care and community health improvement efforts.

Greystone Hotel
Miami Beach, Florida

Federal HTC: $5,440,000
Federal NMTC: $7,500,000
Project Cost: $65,900,000
Jobs: >300 temp construction, 400 new full-time perm
Poverty Rate: 28%
Unemployment Rate: 13.8%

The Project includes the historic renovation of the Greystone Hotel, designed by renowned Art Deco architect Henry Hohauser in 1939, and the redevelopment of the Santa Barbara Hotel, designed by Art Deco architect Norman Giller in 1947.

The former Greystone Hotel and Santa Barbara Hotel have been abandoned and viewed by the local community as derelict buildings for over 10 years. The highly visible and well trafficked intersection of 20th Street and Collins Avenue in Miami Beach is blighted by the current condition of the properties. The Greystone Hotel Redevelopment Project enjoys tremendous support from the immediate neighbors and surrounding neighborhood community members. The Project will catalyze the creation of nearby services for its patrons, including additional restaurants, coffee shops, retail stores and services like dry cleaners, flower shops, etc. These new enterprises will create additional employment opportunities for area residents and encourage a vibrant, livable and walkable city.

Harrison Fresh Market
New Orleans, Louisiana

Federal NMTC: $6,000,000
Project Cost: $6,000,000
Jobs: 30 new construction, 40 new full-time perm, 40-60 part-time perm
Poverty Rate: 36.6%
Unemployment Rate: 22.1%

Robert Fresh Market LLC has successfully rehabilitated a vacant 21,000 square foot building into a new full-service grocery store. The building formerly housed a successful community grocery store which was severely damaged during Hurricane Katrina and never reopened.

The Harrison Fresh Market provides a critical service to the Lakeview neighborhood while contributing to the ongoing recovery of New Orleans from the effects of Hurricane Katrina. In addition, the restoration of this blighted building greatly improved a vital area within the Lakeview neighborhood retail hub. Currently, there are three grocery stores in the New Orleans area under the Robert Fresh Market moniker with approximately 250 employees.

HH Cultural Center
Fort Myers, Florida

Federal NMTC: $6,000,000
Project Cost: $6,300,000
Jobs: 120 temp construction, 18 new full-time perm
Poverty Rate: 19.6%
Unemployment Rate: 4.1%

As part of their ongoing mission to provide supportive services to the low income residents of the Harlem Heights neighborhood, The Heights Foundation, a 501(c)(3) charitable organization, is constructing a Cultural Arts and Community Center which will offer family and community development programs and education and wellness opportunities as well as access to the cultural and expressive arts.

The 2-story Harlem Heights Cultural Arts & Community Center will offer a variety of programs for children and adults, including academically supportive after-school programs, early learning and parenting classes, family advocacy services, connections to social services, computer, literacy and GED classes, career development programs, and job training in the culinary arts. The Community Center will also provide a daily hot lunch to local senior citizens, a medical clinic providing affordable healthcare services in partnership with the Lee County Health Department, and a 250-seat auditorium for community celebrations and art events.

Hub City Lofts
Hattiesburg, Mississippi

Federal HTC: $1,811,000
Federal NMTC: $6,000,000
Project Cost: $13,000,000
Jobs: 80 temp construction, >50 new full-time perm
Poverty Rate: 53%
Unemployment Rate: 15.7%

Isis Development, LLC is rehabilitating four historic buildings into a market-rate apartment community consisting of 55 rental apartment units, 12,906 square feet of ground floor commercial space, and 43 adjacent parking spaces.

The two sets of historic buildings are located approximately 220 feet apart on East Front Street, in the heart of downtown Hattiesburg. The rehabilitated buildings will offer a mixture of studio, one, and two bedroom units with a ground floor retail component that will include 1,275 sqft of commercial space cheap replica Cartier watches dedicated to the City of Hattiesburg who will offer children educational programs focused on the arts, reading, science and entrepreneurship. The restoration of these blighted buildings is expected to catalyze additional development in the downtown Hattiesburg.

Hunger Solution Center
Seattle, Washington

Federal NMTC: $6,250,000
Project Cost: $11,000,000
Jobs: >250 temp construction, 76 new full-time perm, 61 existing jobs retained
Poverty Rate: 38.6%
Unemployment Rate: 13.9%

Food Lifeline has successfully completed the 130,000 sq-ft Hunger Solution Center which replaced the previously leased buildings in SODO and Shoreline that were operating at full capacity.

The Hunger Solution Center completely transformed Food Lifeline by allowing the organization to grow its annual food distribution from 32 million meals (39 million pounds) to over 83 million meals per year by 2025 (100 million pounds) and implement programs, partnerships and community-mobilized solutions that will stop hunger in Western Washington. In addition, the new facility creates a gathering place designed to engage and inspire the entire community to learn more about the issue of hunger, take action and advocate for positive change.

Intergenerational Center for Arts & Wellness
Winston-Salem, NC

Federal NMTC: $5,000,000
Project Cost: $22,700,000
Jobs: >120 temp construction, >34 new full-time perm, 64 full-time retained
Poverty Rate: 35.1%
Area Median Income: 48.90%
Unemployment: 18.00%

CCG Community Partners provided key tax credit equity financing for the $22.7 million new construction of an 62,414 sqft multi-services community facility located at 114 W 30th Street in Winston-Salem, NC.

The new building will be an expanded home for the Williams Adult Day Center (ADC) and provide space for a new Pre-Kindergarten Learning Center with Head Start Program along with community services for residents of all ages, including healthcare, therapy, nutrition education, and arts programs. For Forsyth County elderly residents (55+) living with Alzheimer’s disease or other forms of dementia, the Williams Adult Day Center (ADC) provides a safe, fun, and structured day program that brings meaning and friendship to each participant in a nurturing environment. In addition to the daycare services, seniors will have access to on‐site physical therapy, occupational therapy, stroke therapy, interactions with daily guest visitors to the senior lunch program, and access to music and dance therapy. Also, for young children ranging from infancy through 5 years old, the new Pre-Kindergarten Learning Center with Head Start Program will provide early childhood learning for 105-to-150 students from the Boston-Thurmond area of Winston-Salem, with an estimated 60% receiving public aid, and be operated by Family Services of Forsyth County.

Located in a highly distressed census tract with an 18% unemployment rate, 35.1% poverty rate, and 48.9% area median income, the Intergenerational Center project is expected to create 120 new construction jobs and 34 new full-time permanent jobs while retaining 64 full-time permanent jobs.

K-VA-T Grocery & Pharmacy
Chattanooga, TN

Federal NMTC: $5,000,000
Project Cost: $12,600,000
Jobs: >120 temp construction, >125 new full-time perm
Poverty Rate: 30.5%

CCG Community Partners provided key tax credit equity financing for the $12.6 million rebuild and expansion of a 53,000 sqft grocery store located at 1305 Broad Street in Chattanooga, TN.

K-VA-T Food Stores Inc. received funding to construct the new K-VA-T Grocery & Pharmacy project estimated to be 53,000 sqft, including a bakery, deli, floral boutique, outdoor area, coffee shop, and owner-operated 581 sqft pharmacy. The project is in an area that recently experienced a series of grocery store closures leading to its food desert designation. The new full-service grocery store will provide a wide variety of affordable produce allowing for a pedestrian-friendly and affordable option for residents.

Located in a severely distressed low-income census tract with a 30.5% poverty rate, the project will create 120 temporary construction jobs and approximately 125 new full-time permanent jobs.

K-VA-T Grocery & Pharmacy
Independence, VA

Federal NMTC: $5,000,000
Project Cost: $10,300,000
Jobs: >250 temp construction, >80 new full-time perm, 41 full-time retained
Poverty Rate: 32.0%
Median Family Income: 44.7%

CCG Community Partners assembled the key tax credit equity financing for the $10.3 million rebuild and expansion of a small fifty-year-old grocery store located at 568 E. Main Street in Independence, VA.
 
K-VA-T Food Stores Inc. successfully completed the new K-VA-T Grocery & Pharmacy project doubling the size from 21,000 sqft to approximately 41,000 sqft while adding a bakery, deli and owner-operated pharmacy. As part of the project, the Project Sponsor also replaced over $500,000 of the city’s public infrastructure which was in poor shape. Although the project site itself is not located within a designated food desert, it is immediately (0.5 miles) to the east of a census tract that is a food desert. Thus, the new store with its healthy food options will be able to directly address and serve the needs of the residents living in the neighboring census tract.

The K-VA-T Grocery & Pharmacy is located in a non-metropolitan, severely distressed low-income census tract with a 32% poverty rate and a median family income of 44.7%. While retaining approximately 41 full-time permanent jobs, the Project brought 250 temporary construction jobs and approximately 80 new full-time permanent jobs to the community.

Landmark 120
San Francisco, California

Federal HTC: $3,120,000
Federal NMTC: $5,000,000
Project Cost: $18,200,000
Jobs: >50 temp construction, 290 new full-time perm expected
Poverty Rate: 36.3%

Chris Foley and Polaris Pacific has completed the conversion of the historic church into approximately 22,000 square feet of creative office space with approximately 10,000 square feet of outdoor community space.

The property has been part of the community for over 150 years. After the 1989 Loma Prieta Earthquake, the property was red tagged (deemed uninhabitable) by the City and vacated by The Archdiocese of San Francisco. In 2007, the Project Sponsor acquired the project with the initial idea to redevelop the property into a residential project. However, the City and preservation community wanted the property to maintain its original character. As a result, based upon their feedback, the Project Sponsor spent more than 4 years obtaining the necessary approvals to transform the building into office and community assembly space with a café.

Lauderdale Community Hospital
Ripley, TN

Federal NMTC: $5,000,000
Project Cost: $22,400,000
Jobs: >200 temp construction, >20 new full-time perm, 100 full-time retained
Poverty Rate: 38.9%
Area Median Income: 41.46%
Unemployment: 13.10%

CCG Community Partners provided key tax credit equity financing for the $22.4 million construction of a new 15-bed, 35,000 sqft hospital located at 340 Asbury Avenue in Ripley, TN which will be a replacement for the existing Lauderdale Community Hospital.

Located in a rural community, the outdated 48-year-old Community Access Hospital lacks modern technology and infrastructure, and patients in this Medically Underserved Area are traveling hours for alternative care. The new hospital will serve 50,000 patients annually, of which approximately 28% will be those on TennCare (Tennessee’s Medicare program) and approximately 75% will be from the LIC population.

The Project is expected to create at least 200 new construction jobs and 20 new full-time permanent jobs while retaining 100 full-time permanent healthcare jobs, in a non-metropolitan, severely distressed low-income census tract with a 13.1% unemployment rate, 38.9% poverty rate, and a 41.46% area median income.

Liberty County Vocational Training Center
Bristol, FL

Federal NMTC: $5,000,000
Project Cost: $25,700,000
Jobs: >100 temp construction, >50 new full-time perm
Poverty Rate: 24.9%
Unemployment: 12.90%

CCG Community Partners provided key tax credit equity financing for the $25.7 million construction of a new vocational training center, that provides training services to local low-income individuals, including those with disabilities as well as high school students, located at 12852 NW CR 12 in Bristol, FL.

The Project Sponsor is Liberty County School District. The vocational training center focuses on developing practical job skills for high demand local jobs that do not require a college degree, including work in the construction, engineering, and cosmetology fields. 100% of the participants that use the facility are low-income persons. At the time of project completion, there were no vocational training facilities for low-income persons located within 50 miles of the project site.

The original vocational training school was destroyed by Hurricane Michael in October 2018. The newly rebuilt vocational training school created over 100 temporary construction jobs and 50 new full-time permanent jobs in a non-metropolitan census tract with a 24.9% poverty rate and 12.9% unemployment rate.

Lighthouse Point Phase 1
Staten Island, New York

Federal NMTC: $7,500,000
Project Cost: $58,200,000
Jobs: 298 temp construction, 264 new full-time perm, 76 full-time retained
Poverty Rate: 21.9%
Unemployment Rate: 14.4%

Triangle Equities Development Company, LLC is transforming this long vacant site into a transit-oriented, commercial and residential project and is catalyzing the capital investment necessary for the community to achieve a full recovery from the devastation wrought by Hurricane Sandy in the Fall of 2012.

Phase 1 construction includes the development of a 60,000 sq-ft, three-story retail building along Bay Street that incorporates the Lighthouse Depot’s historic brick perimeter wall into the building façade and a 118 unit residential tower with 20% of the units permanently affordable at 60% AMI. The retail building will be anchored by a NYC FRESH program grocery store that will provide nearly 15,000 square feet of supermarket space to a community in a USDA-designated Food Desert area and a co-working space which will facilitate entrepreneurship and small business job creation. The project is projected to create approximately 298 temporary construction jobs and 264 new full-time permanent jobs, while retaining 76 full-time jobs in a census tract with a 14.4% Unemployment Rate and a 21.9% Poverty Rate.

Melrose Building
Houston, Texas

Federal HTC: $11,300,000
State HTC: $14,200,000
Federal NMTC: $6,250,000
Project Cost: $82,200,000
Jobs: >250 temp construction, 150 new full-time perm
Poverty Rate: 32.7%
Unemployment Rate: 18.4%

Development Services Group, Inc. has successfully completed the conversion of the historic, 21-story Melrose Building into 255-room Le Meridien Houston Hotel.

The Project features an extensive list of first-rate amenities and finishes indicative of a full service hotel, including a state of the art reception/lobby along with onsite concierge services, a rooftop pool that opens to an outdoor sundeck, as well as a rooftop viewing area.  There is approximately 8,000 square feet of meeting space, including a penthouse ballroom, ballroom pre-function area, and business meeting rooms.  In addition, the Project has a signature restaurant and bar as well as an Internet lounge for hotel guests.

Mercy Hospital
Philadelphia, PA

Federal NMTC: $6,000,000
Project Cost: $80,600,000
Jobs: >350 temp construction, >450 new full-time perm, 500 full-time retained
Poverty Rate: 32.5%
Area Median Income: 54.43%
Unemployment: 20.50%

CCG Community Partners provided the key tax credit equity financing for the $80.6 million renovation, restoration, and redevelopment of the 450,000 sqft public health facility located at 5301 Cedar Avenue Philadelphia, PA 19143.

The project sponsor, Public Health Management Corporation (“PHMC”), plans to include an upgraded hospital, inpatient pediatric behavioral health center, primary care medical and dental services, pharmacy, health screening services, and several residential and non-residential social-service programs which will provide unmet healthcare for over 15,000 patients per year. Additionally, the newly renovated public health facility will provide community-based programs addressing social determinants of health including, but not limited to, job training, financial literacy, and banking.

Located in a severely distressed low-income census tract with a 20.5% unemployment rate, 32.5% poverty rate, and 54.43% area median income, the project will create 450 new full-time permanent jobs and 350 construction jobs while retaining 500 full-time permanent jobs.

Multi-Assistance Center at Morgan’s Wonderland
San Antonio, Texas

Federal NMTC: $5,000,000
Project Cost: $25,400,000
Jobs: >125 temp construction, >250 new full-time perm
Poverty Rate: 31.7%
Area Median Income: 58.81%

CCG Community Partners assembled the key tax credit equity financing for the $25.4 million new construction of the Multi-Assistance Center at Morgan’s Wonderland (“MAC”) located at 5210 Thousand Oaks Drive in San Antonio, TX.

Morgan’s Wonderland in San Antonio is developing a 114,000 square foot facility dedicated to providing comprehensive, integrated medical and non-medical services for special-needs individuals through coordinated assistance with a family-centered approach. Over forty community providers under one roof will deliver medical, therapeutic, social and navigational services at low cost with approximately 75% of the individuals projected to be low-income. The MAC projects 375,000 annual visits by 40,800 unique, special-needs individuals for medical, care coordination, and other social services.

The MAC project is expected to create over 125 temporary construction jobs and 250 new permanent jobs in a census tract with a 31.7% poverty rate and 58.81% Area Median Income. MAC will offer job training and placement assistance targeting employment for over 2,000 special-needs teens and adults annually. In addition, MAC will offer below-market rental rates to tenants at about half of market rate.

Neighborhood Health Clinics - Oxford
Fort Wayne, IN

Federal NMTC: $5,000,000
Project Cost: $20,700,000
Jobs: >104 temp construction, >58 new full-time perm
Poverty Rate: 55.5%
Area Median Income: 42.21%
Unemployment: 16.1%

CCG Community Partners assembled the key tax credit equity financing for the $20.7 million adaptive re-use of the historic LC Ward School Building located at 3501 Warsaw Street in Fort Wayne, IN.

Neighborhood Health Clinics Inc. will transform the current standing historic 40,000 sqft two-story building into a modern, state-of-the-art, full-service medical facility with a special focus on family planning, infant care, prenatal and postnatal care. The medical facility will provide primary and specialized prenatal health services with an estimated 30,000 patient visits per year. Additionally, the new 1,800 sqft community room dedicated to collaborative partnerships and health-related programming will have a separate entrance and be open to the public.

Located in a highly distressed census tract with a 16.1% unemployment rate, 55.5% poverty rate, 42.21% median family income, the project is expected to create over 104 temporary construction jobs and 58 new full-time permanent jobs.

Newark Call Center
Newark, New Jersey

Federal NMTC: $7,500,000
Project Cost: $96,000,000
Jobs: >200 temp construction, >270 new full-time perm expected
Poverty Rate: 45.6%
Unemployment Rate: 18.9%                

The Fidelco Group created two modern mixed-use buildings in order to retain and attract tenants that provide diverse services to the Newark community, in the media, legal, engineering, community-service and restaurant industries. While the newly constructed building includes 3,500 sqft of retail (ground floor), 675 parking spaces (floors 2-8) and 70,000 sqft of office space (floors 9-10), the renovated building includes 4,000 sqft of retail space (ground floor) and approximately 110,000 sqft of office space (floors 2-6).

The Newark Call Center project is located in a federally-designated Hurricane Sandy Major Disaster Declaration Area and cited by the Mayor’s Office as a key catalyst for recovery. A vital component of the Project is that a significant portion of the newly created jobs are intended to be filled by residents of Newark through partnership with the Newark Workforce Investment Board (‘NWIB’) which is a community-based non-profit that provides a localized, full-service employment and training system to make programs and resources easily available to residents and employers. The project will support numerous high-quality jobs, bring additional economic activity into downtown Newark, and catalyze additional development in the Newark CBD. 

Newark Farmers Market
Newark, New Jersey

Federal NMTC: $7,500,000
Project Cost: $22,500,000
Jobs: >200 temp construction, >160 new full-time perm
Poverty Rate: 20.9%

Wuhl Shafman Lieberman, Corp. is in the process of creating a modern cold-storage warehouse with the capacity to process approximately 40 million packages of fresh produce annually, which will be distributed to more than 400 existing ShopRite, A&P, and affiliated supermarkets throughout the Northeast Corridor with more than 25% being located in highly distressed census tracts. In addition, the new facility will support the development of 27 to 30 new grocery stores in the Northeast Corridor, including a new ShopRite at the Springfield Avenue Marketplace in downtown Newark.

Located in a federally-designated Hurricane Sandy Major Disaster Declaration Area, the Newark Farmers Market project is strongly supported by the Mayor’s Office and the NJ State Economic Development Agency. Also, due to it’s large impact on the local and regional distribution of healthy food to residents that may otherwise not have any choices, the project directly supports the federal Healthy Food Financing Initiative (HFFI).

North Florida Medical Center
Madison, FL

Federal NMTC: $6,000,000
Project Cost: $8,200,000
Jobs: >100 temp construction, >6 new full-time perm, 11 full-time retained
Poverty Rate: 34.6%
Area Median Income: 57.63%
Unemployment: 20.70%

CCG Community Partners assembled the key tax credit equity financing for the $8.2 million new construction of an 11,400 sqft medical clinic located at 469 West Base Street in Madison, FL.

With an estimated 79% of patients either on Medicare, Medicaid, or uninsured, North Florida Medical Center (NFMC) is expanding from its current location to accommodate a 92% increase in unique patients. The project will include primary care medical and dental services, behavioral health services, and a full-service pharmacy provide unmet healthcare needs to an estimated 3,490 unique community members per year, totaling 10,459 patient visits per year. NFMC’s goal is to provide comprehensive primary health care services to the low-income, uninsured, and underserved populations of North Florida. NFMC is the only nonprofit community health center that provides a full range of comprehensive medical, dental, and enabling services within the ten-county service area located within the Florida Panhandle and Big Bend.

While retaining 11 full-time permanent jobs, the project is expected to create over 100 temporary construction jobs and approximately 6 new full-time permanent jobs in a highly distressed census tract with a 20.7% unemployment rate, 34.6% poverty rate, and 57.63% area median income.

Northgate Retail Center
Baton Rouge, Louisiana

Federal NMTC: $6,000,000
Project Cost: $12,700,000
Jobs: 125 new construction, 100 new full-time perm
Poverty Rate: 36.5%
Unemployment Rate: 9.4%

Campus-Northgate, LLC has successfully completed a new retail center consisting of four single-story concrete buildings totaling 31,085 square feet of retail space plus a surface parking lot consisting of 209 parking spaces. The retail center is centrally located in the heart of Louisiana State University's campus in Baton Rouge, LA, and will be targeted to nearby college students.

The Northgate Retail Center has helped to address an increased demand for retail goods, services, and community healthcare in the area around the LSU campus. In fact, the retail center directly supports several new large-scale student housing developments which have been built in the immediate area. The Northgate Retail Center transformed a blighted empty lot into an important asset for the LSU area community.

NTC Liberty Station - Phase 2
San Diego, California

Federal HTC: $4,650,000
Federal NMTC: $8,000,000
Project Cost: $20,000,000
Jobs: >224 temp construction, >135 new full-time perm
Poverty Rate: 61.7%

The NTC Foundation, a private 501(c)(3) nonprofit corporation, is charged with the preservation and renovation of 26 historic buildings at the former Naval Training Center in the Point Loma area of San Diego, California. Phase 2 is the $20 million renovation of eight historic buildings, known as the Barracks, offering over 75,000 square feet of commercial space.

The Barracks serves a creative hub for the NTC Liberty Station Promenade where the public can be engaged by the work of the creative community - artists and designers creating onsite, original clothing, art, fine crafts and food for sale, galleries and exhibitions and nonprofit office space for organizations serving the creative industries. Affordable below-market rent assures tenants of quality space that will not be influenced by market fluctuations and dislocations that often result from neighborhood gentrification and redevelopment.

Oakland Civic Center
Oakland, California

Federal NMTC: $3,000,000
Project Cost: $36,300,000
Jobs: >270 temp construction, >30 new full-time perm
Poverty Rate: 22.9%
Area Median Income: 35.4%

CCG Community Partners assembled the key tax credit equity financing for the $36.3 million rehabilitation of the historic Oakland Civic Center landmark located at 10 10th Street in Oakland, CA.

Orton Development, Inc. is transforming the Oakland Civic Center into a dynamic commercial and performing arts venue offering below-market rent opportunities for local arts and nonprofit organizations. It will provide shared conference rooms and other resources to help tenants improve efficiencies, offer performance and rehearsal space to arts organizations, and host a wide variety of music, dance, and theater performances, large meetings and corporate events. In addition, the Sponsor has committed to leasing the restaurant space to a community-incubated, low-income women or minority-owned, business. Lastly, the theatre will be the site of a workforce development program, offered in conjunction with Laney College, to serve students pursuing academic, career, and vocational development. The program will benefit low-income communities by providing training and experience that will provide a direct path into higher paying union jobs.

In a census tract with a 22.9% poverty rate and 35.4% median family income, the Oakland Civic Center project expected to create at least 270 temporary construction jobs and 30 new permanent jobs while relocating more than 260 retained permanent jobs from local existing non-profits. Moreover, Oakland Civic Center will serve 184,200 participants and 27,630 low-income individuals annually through its performances and arts and cultural programming. The traditional office component of Oakland Civic will have 275 non-profit employees that serve a population of 90,000, out of which approximately 30,000 are low-income.

One City Centre
St. Louis, Missouri

Federal NMTC: $10,000,000
Project Cost: $35,000,000
Jobs: >100 temp construction, >350 new full-time perm (expecting >1000)
Poverty Rate: 17.3%
Unemployment Rate: 10.6%

SCR Investments is leading the revitalization of an underutilized former high-end Class A office building in downtown St. Louis which had fallen into disrepair due to mismanagement. The building is being improved and upgraded into 375,000 square feet of Class A office space.

The One City Centre redevelopment project will return to the St. Louis downtown a critical office building which through neglect and lack of maintenance had lost all but one major tenant. The rehabilitation includes extensive upgrades to the building's infrastructure as well as tenant improvements for several new tenants.

The One City Centre redevelopment project is one of three components of a $220 million redevelopment initiative for the St. Louis central business district aimed at transforming a crucial 3 square block area adjacent to the convention center. Along with the One City Centre redevelopment, the initiative includes redevelopment of the St. Louis Centre and the Dillard's Building.

One World Beef
Brawley, California

Federal NMTC: $6,750,000
Project Cost: $27,200,000
Jobs: >50 temp construction, >200 new full-time perm
Poverty Rate: 41.4%
Unemployment Rate: 23.0%

The Project brings much needed investment and jobs into the community.

In April 2014, National Beef shuttered the processing plant due in large part to a lack of adequate cattle supply stemming from the 2010-2013 Midwestern drought which decimated domestic herds. At its peak, the former National Beef plant employed 1,300 people and processed in excess of 2,400 head of cattle per day (approximately 2% of total US capacity). One World Beef reopened the plant in October 2016 with approximately 200 employees and plans to grow to 600 employees within a 42-month period. Many of the well-trained employees from the former National Beef operation are still situated locally.

Reed Smith Building
Pittsburgh, Pennsylvania

Federal HTC: $8,000,000
Federal NMTC: $7,500,000
Project Cost: $48,000,000
Jobs: >100 temp construction, 225 new full-time perm (estimated)
Poverty Rate: 31.1%

PMC Property Group, Inc. converted the historic, 9-story Reed Smith Building into a 250-room boutique hotel operated by Kimpton Hotels. The Hotel features 10,000 square feet of meeting and event space as well as a 120-seat restaurant.

Restoration of the dilapidated building greatly improved a vital area within the Pittsburgh Central Buisness District and provided much needed jobs and investment in the local community. Kimpton Hotels has also partnered with several local non-profit groups to provide important workforce development services to the community. The project received strong support from the City of Pittsburgh and the Mayor’s Office.

RET Building
Pittsburgh, Pennsylvania

Federal HTC: $8,000,000
Federal NMTC: $6,100,000
Project Cost: $50,000,000
Jobs: >100 temp construction, 48 new full-time perm
Poverty Rate: 33.8%
Unemployment Rate: 29.2%

PMC Property Group, Inc. is converting the historic, 31-story RET Building (formerly known as the Alcoa Building) into a mixed use project with ground floor retail space, office space on Floors 1-13, and 241 rental residential apartment units on Floors 14-31 which includes 50 below-market units reserved for workforce affordable housing.

Restoration of the dilapidated historic building will greatly improve a vital area within the Pittsburgh Central Business District and provide much needed residential units while allowing the non-profit and social services organizations currently in the building to renew their leases at below market rates thereby continuing to provide their important services to the community. By creating desirable residential units, the project will catalyze additional services for those residents, including restaurants, coffee shops, retail stores and services like dry cleaners, flower shops, etc.  Further, the addition of moderately priced apartments will encourage those who work downtown to live there as well, thereby encouraging a vibrant, livable and walkable city that bustles beyond 5pm.

Roosevelt Hotel
New Orleans, Louisiana

Federal HTC: $25,000,000
Federal NMTC: $30,000,000
Project Cost: $184,000,000 (post-Katrina renovation)
Jobs: >650 temp construction, >175 new full-time perm
Poverty Rate: 43.4%
Unemployment Rate: 9.1%

First Class Hotels, LLC has successfully completed the renovation of the hotel, which features 550 hotel rooms, three restaurants, and 70,000 square feet of meeting and event space. The Roosevelt Hotel is managed by Hilton Hotels and operates under the Waldorf-Astoria brand.

Lauded by the City as one of the cornerstone projects for the post-Katrina recovery, the Roosevelt Hotel is one of New Orleans' most illustrious historic buildings. Designed by the Architectural firm H. C. Koch & Sons in 1908, the building subsequently underwent four expansions between 1908 and 1974. The current renovation project restored a cultural icon to New Orleans, including the hotel's famed Blue Room and legendary Sazerac Bar. Having suffered major damages during Hurricane Katrina in August 2005, The Roosevelt re-opened in July 2009.

Roth Building
New Orleans, Louisiana

Federal HTC: $1,350,000
Federal NMTC: $7,000,000
Project Cost: $9,000,000
Jobs: >40 temp construction, >16 new full-time perm
Poverty Rate: 43.4%
Unemployment Rate: 9.1%

Avalon Partners, LLC and Catalyst Development, LLC have successfully completed the conversion of the historic, 4-story Roth Building into 18 market rate rental apartments on the upper three floors with approximately 6,700 rentable square feet of ground floor retail and office space.

The 25,418 square foot Roth Building is located in the CBD of New Orleans, Louisiana which is just south of the French Quarter, the current epicenter of the local tourism industry. The project offers affordable retail and commercial space to local entrepreneurs and small businesses, as well as provides much needed premier housing in the district.

SafeRack
Andrews, South Carolina

Federal NMTC: $6,250,000
Project Cost: $23,500,000
Jobs: 27 temp construction, 102 new full-time perm
Poverty Rate: 38.9%
Unemployment Rate: 16.8%

SafeRack, LLC has successfully completed the expansion of the initial 95,000 sqft manufacturing facility with the addition of 100,000 sqft that is being used for manufacturing, warehousing and sales.

SafeRack LLC (“SafeRack”) is a maker of loading racks, platforms and fall protection equipment. Their product lines include, but are not limited to, loading platforms, gangways, loading ramps, modular crossovers, safety cages and lifeline cable systems.

San Carlos Apache Reservation
AZ

Federal NMTC: $6,000,000
Project Cost: $58,800,000
Jobs: >84 temp construction, >30 new full-time perm, 64 full-time retained
Poverty Rate: 50.5%
Area Median Income: 59.26%
Unemployment: 41.50%

CCG Community Partners provided key tax credit equity financing for two new facilities being developed by the San Carlos Apache Tribe (“Tribe”) and San Carlos Apache Healthcare Corporation (“SCAHC”), which is the entity responsible for enhancing healthcare services for the Tribe. The Project includes: (1) a $37.9 million, 34,000 sqft clinic (“Clinic”) located southwest of San Carlos Highway 163 in Bylas, AZ; and, (2) a $20.9 million, 45,000 sqft Information Technologies and Warehouse (“Annex”) located at 103 Medicine Way Road in Peridot, AZ (collectively, the Clinic and Annex are defined as “Project”).

The 34,000 sqft Clinic will replace the existing outdated satellite facility in Bylas which lacks sufficient space to meet the current needs of the community and is actually near condemnation due to foundational and structural issues. Even though the current 10,143 sqft facility was originally designed for 12,000 visits a year, it received 22,686 visits during the 2021-2022 fiscal year. The new facility will include 14 Exam Rooms, Radiology Suite, Outpatient Pharmacy, Outpatient Laboratory, Dental, Optometry and Outpatient Rehabilitation. In addition to retaining 33 full-time permanent jobs, the new Clinic is expected to create 57 new construction jobs and 20 new permanent full-time jobs.  

The Annex will be the new construction of a 60,000 sqft warehouse to be located adjacent to the existing San Carlos Apache Health Center. The Annex will house SCAHC infrastructure, resolve current deficiencies in space and storage, and provide space for the future needs associated with the Strategic Plan. The new construction will provide secure, climate-controlled space for servers and supplies with reliable back-up power that is essential to having medical records readily available and in real-time. Lastly, the new facility will provide enclosed garage space for the mobile clinic which is used to deliver health services to those who otherwise do not have access to transportation. In addition to retaining 31 full-time permanent jobs, the new Annex is expected to create 27 new construction jobs and 10 new permanent full-time jobs.   

Located in a severely distressed census tract with a 41.5% unemployment rate, 50.5% poverty rate, and 59.26% area median income, it is estimated that 51% of the temporary construction jobs will be filled by workers of Native descent while 62% of the permanent employment opportunities will be filled with Tribal Members.

Second Harvest
Orlando, Florida

Federal NMTC: $3,750,000
Project Cost: $15,000,000
Jobs: >200 temp construction, >9 new full-time perm
Poverty Rate: 24.8%
Unemployment Rate: 10.1%

To support its mission of collecting and distributing donated food to more than 500 nonprofit partner agencies throughout six Central Florida counties, Second Harvest Food Bank of Central Florida, a 501(c)(3) nonprofit organization, is constructing a new 100,000 sqft Food Bank Distribution Center in West Orlando, FL, which will replace its existing antiquated facilities.

By increasing cooler space by 400%, freezer space by 330%, and overall operating space by 150%, the new facility will allow Second Harvest to dramatically increase its food storage and distribution capabilities and, in turn, provide more food to thousands of people in Central Florida who rely on Second Harvest and its community partners. Currently, over 3 million pounds of available food donations are turned away at the existing facility each year due to inadequate storage space with much of the rejected food items being highly nutritious, perishable food such as fruits and vegetables. By increasing the overall space of the distribution facility to 100,000 sqft, the Second Harvest Food Bank will be able to store and distribute millions of additional pounds of food per year to residents of Central Florida, and in addition, store and distribute a greater percentage of perishable items with higher nutritional content. Put into different terms, the expansion will allow more than 1,000,000 additional meals to be served to children annually.

Second Harvest Food Bank of Northwest North Carolina
Winston-Salem, NC

Federal NMTC: $5,000,000
Project Cost: $24,800,000
Jobs: >50 temp construction, >10 new full-time perm, 96 full-time retained
Poverty Rate: 35.1%
Area Median Income: 48.9%
Unemployment: 18.0%

CCG Community Partners assembled the key tax credit equity financing for the $24.8 million development of the new Second Harvest Food Bank of NWMC headquarters located at Blvd & Shorefair Drive in Winston-Salem, NC.

The new 142,500 sqft headquarters consolidated the storage and operations of three disconnected warehouses, multiple cold storage trailers, and a separate office building into a modern, centralized community hub. As the only food bank in the Northwest North Carolina region, Second Harvest distributes more than 43 million pounds of food annually and serves more than 2,000,000 residents in its 18-county footprint through a wide away of hunger relief strategies. The project created over 50 temporary construction jobs and 10 new full-time permanent jobs, while retaining 96 full-time jobs, in a census tract with 35.1% poverty rate, 18.0% unemployment rate and 48.9% median family income.

The new Second Harvest facility will simplify and better manage a currently knotted and inefficient system of delivery and distribution, remove limitations to accepting additional resources and improve accessibility while increasing refrigeration and freezer space. New technologies such as a conveyor system and comprehensive real-time data collection will be added, in order to target assistance where the need is most urgent. Lastly, they will build upon the success of the nationally recognized Providence Culinary Training program and its social enterprise while welcoming and engaging more volunteers and efficiently integrating all administrative functions. Being able to accept, inspect, sort, and distribute food from one facility will create a more efficient system capable of doing more. Community outcomes expected within 3 years of transitioning to the new facility include increasing the amount of fresh food being provided to community members by 20%, increasing the number of children/students being served by meal programs by 3,000 annually, increasing the number of individuals receiving research-based nutrition education by 25%, increasing the number of volunteers, creating greater efficiencies, by 1,400 or 20% and increasing the number of individuals trained in culinary arts and placing more skilled workers in the food industry from a base of 65 per year, to a goal of 85 per year. 

Second Line Stages
New Orleans, Louisiana

Federal HTC: $3,300,000
Federal NMTC: $10,000,000
Project Cost: $45,200,000
Jobs: >200 temp construction, >1,200 new high-paying full-time perm
Poverty Rate: 24.2%
Unemployment Rate: 11.8%

SLS Redevelopment, LLC has successfully completed the development of New Orleans' first large-scale, state-of-the-art film production facility. Consisting of two historic warehouses and a new 18,000-square-foot building, the facility contains 90,000 square feet of production and office space.

In partnership with the Kingsley House, a local community organization, Second Line Stages also directs several community initiatives including educational programming for at-risk youth, apprenticeship programs, and neighborhood security and safety initiatives.

As the only Hollywood-quality film studio in the Greater New Orleans region, Second Line Stages plays an important role in New Orleans' expanding film industry. The SLS facility is designed to house an entire film production, and contains office space for crew, actors' dressing rooms, soundstages and a 49-seat digital screening theater. Second Line Stages is also the first full-scale LEED-certified production studio in the US.

Ships Row Tavern
Wilmington, Delaware

Federal HTC: $3,355,000
State HTC: $2,147,000
Federal NMTC: $2,500,000
Project Cost: $18,700,000
Jobs: >100 temp construction, >85 new full-time perm
Poverty Rate: 21.7%
Unemployment Rate: 12.5%

Preservation Initiatives, Inc., led the innovative project to restore 11 adjacent vacant or otherwise blighted buildings along one city block in Downtown Wilmington. The Ships Tavern Row re-development created 39 market rate rental residential apartments, 13,000 square feet of street level retail space and 11,000 square feet of basement storage space.

The row of historic buildings along Ships Tavern Row includes the former Lippencott Department Store Building, one of Wilmington's premier late-19th century architectural works. In what was previously a dilapidated block, a highly successful new Destination District was created, which dramatically improved the area's level of pedestrian and commercial activity, as well as enhanced the neighborhood's prospects for the future.

Silvercare
Chester, PA

Federal NMTC: $3,000,000
Project Cost: $11,500,000
Jobs: >125 temp construction, >122 new full-time perm
Poverty Rate: 36.0%
Area Median Income: 50.29%
Unemployment: 21.3%

CCG Community Partners provided key tax credit equity financing for the $11.5 million renovation of a 100,000 sqft former community hospital building located at 2600 West 9th Street in Chester, PA. 

Upon completion, the South Building will offer a range of medical services, including a 40,000 sqft, 80-bed subacute hospital step-down facility, urgent care, short- and long-term care, memory units, a blood drawing station, and adult daycare. In addition, ancillary services planned for the building will include a restaurant, convenience store, and beauty salon. The project will provide unmet healthcare needs to an estimated 1,390 to 1,622 unique patients per year with at least 85% expected to be local low-income community residents, primarily Medicaid-managed, uninsured, and underinsured families.

Located in a highly distressed census tract with a 21.3% unemployment rate, 36% poverty rate, 50.29% area median income, the Project expects to create 125 new construction jobs and 122 new full-time permanent jobs.

Singing River Hospital
Pascagoula, Mississippi

Federal NMTC: $10,000,000
Project Cost: $21,800,000
Jobs: 70 new construction, 60 new full-time perm, relo 100 full-time
Poverty Rate: 22.8%
Unemployment Rate: 5.4%

Johnson Development, LLC has successfully completed the construction of the new hospital facility for the Singing River Hospital System. The new building contains physician suites, an outpatient imaging center, physical therapy and cardiopulmonary rehabilitation activities, as well as a comprehensive wellness center with aquatics.

Singing River Healthcare System (SRHS) has provided world-class health care for the citizens of Jackson County and southern Mississippi and Alabama for over 75 years. SRHS is a community health system comprised of six community medical clinics and two state-of-the art hospitals, including Singing River Hospital in Pascagoula, which is licensed for 435 beds, and Ocean Springs Hospital in Ocean Springs, which is licensed for 136 beds. The development of the new medical office building at Singing River Hospital enabled the Singing River Hospital System and its 2,500 employees to integrate important new services into SRHS while continuing to provide world-class care to the greater community.

Southwest Transplant Alliance
Dallas, TX

Federal NMTC: $5,000,000
Project Cost: $40,700,000
Jobs: >75 temp construction, >82 new full-time perm, 180 full-time retained
Poverty Rate: 48.1%
Area Median Income: 35.02%

CCG Community Partners assembled the key tax credit equity financing for the $40.7 million construction of a new 77,000 sqft state-of-the-art transplant center located at 8190 Manderville Lane in Dallas, TX.

Southwest Transplant Alliance (“STA”) is a nonprofit organ procurement organization that plays a vital role in the recovery of donated organs and tissues for transplant, while providing compassion-centered care and a life-honoring environment for donors and their families. Their new 77,000 sqft headquarters includes a 35,000 sqft organ and tissue recovery center, a 42,000 sqft medical office building (including a donor family room), a donor memorial garden, and a parking garage containing approximately 200 parking spaces. The new facility is the first of its kind in Texas and includes a training center of excellence, surgical suites, a conference center, an onsite laboratory and an organ perfusion center.

In addition to potentially tripling the number of annual tissue donors, the new space allows the organization to relocate their call center, or “Command Center,” to the new facility with a greater capacity and the potential to contract services out to sister organizations. The Command Center, which was previously contracted out of Florida, operates 24/7 and coordinates the logistics of every STA team member and potential organ and tissue donor. Some of the critical work in this space includes: dispatching passionate, selfless team players throughout their donor service area; sending and receiving time-sensitives packages; and, comforting and guiding families through “what’s next.”

Located in a census tract with a 48.1% poverty rate and 35.02% area median income, the new state-of-the-art transplant center created at least 75 construction jobs and 82 new permanent full-time jobs while retaining approximately 180 full-time jobs.

St. John’s Episcopal Hospital Health Center
Far Rockaway, New York

Federal NMTC: $4,500,000
Project Cost: $32,700,000
Jobs: >75 temp construction, >43 new full-time perm
Poverty Rate: 30%
Area Median Income: 52.63%

CCG Community Partners assembled the key tax credit equity financing for the $32.7 million construction of a new 52,073 square foot, four-story health center located at 510 Beach 20th Street in Far Rockaway, NY which will be an expansion to the neighboring St. John’s Episcopal Health (SJEH) facilities already in operation.

The new medical facility will be fully occupied by SJEH and will provide a variety of healthcare services. More specifically, the new facility will offer comprehensive women’s services and cancer care including radiation oncology on the first floor, primary care with co-located behavioral health services on the second floor, wellness and recovery and community mental health services on the third floor, and infusion and additional behavioral health services on the fourth floor. The Project is projected to provide unmet healthcare needs to an estimated 20,000 unique patients per year with greater than 90% expected to be local low-income community residents, primarily the Medicaid managed, uninsured, and underinsured families living within a five-mile radius of the facility.

SJEH is the only hospital to provide emergency and ambulatory care to the densely populated and medically underserved populations of the Rockaways and Five Towns in southern Queens County and southwestern Nassau County, NY. The existing 257-bed facility provides comprehensive preventive, diagnostic, treatment and rehabilitative services, regardless of ability to pay, and is a vital part of the economy, currently employing 1,500 full-time employees. The Project is expected to create over 75 temporary construction jobs and at least 43 new full-time permanent jobs, in a census tract with a 30% Poverty Rate and 52.63% Area Median Income.

UGM Shelter
Coeur d'Alene, ID

Federal NMTC: $6,500,000
Project Cost: $9,400,000
Jobs: >110 temp construction, >14 new full-time perm
Poverty Rate: 21.3%
Unemployment Rate: 13.2%

Union Gospel Mission, a 501(c)(3) charitable organization, has successfully completed the 3-story shelter which provides 40 units of temporary and transitional housing, as well as support services, for homeless women and children in Northern Idaho.

The UGM Women and Children's Shelter provides food, clothing and shelter without charge to women and children in Northern Idaho. The main shelter building includes a kitchen, dining room, medical clinic, chapel, classrooms, computer lab and child care center. In addition, the Union Gospel Mission also provides individual and group counseling, classes, vocational training, and addiction recovery lasting approximately 18 months. The UGM Women and Children's Shelter project in Coer d'Alene, ID mirrors similar successful shelters that are located in Spokane, WA and currently run by the Union Gospel Mission.

Verizon Building
Pittsburgh, PA

Federal HTC: $5,000,000
Federal NMTC: $10,000,000
Project Cost: $35,000,000
Jobs: >155 temp construction, 6 new full-time perm
Poverty Rate: 33.8%
Unemployment Rate: 29.2%

PMC Property Group, Inc. has successfully completed the conversion of the historic, 12-story Verizon Building into a mixed use project containing a 78,000 square foot established charter school on the lower levels and approximately 158 rental apartment units on the upper eight floors, including 40 affordable residential units.

The City High Charter School currently serves approximately 560 9th through 12th grade students of which 65% are low income as measured by the federal free/reduced lunch program and 14% receive special education services. The Verizon Building Project allowed City High Charter School to expand its physical facilities, improve upon its educational capabilities, and admit 30 additional students in keeping with its mission.

Vineland Crossing Grocery
Vineland, NJ

Federal NMTC: $6,250,000
Project Cost: $24,600,000
Jobs: 200 new construction, retain 135 full- and part-time, 75 new full- and part-time
Poverty Rate: 35.8%
Unemployment Rate: 26.2%

B&B Properties of Vineland, LLC is in the process of completing a new retail shopping center consisting of a ShopRite grocery store, a non-profit Federally Qualified Health Clinic and pharmacy, and three additional retail units. The project is located in a Federally-designated Medically Underserved Area and Food Deserts Census Tract.

The Vineland Crossing Grocery & Retail Center will provide downtown Vineland and the surrounding community with a full-service supermarket providing increased varieties of healthy food choices at competitive pricing while participating in Special Supplemental Nutrition Programs such as electronic food stamps and WIC (Women, Infants, and Children) assistance programs for qualifying low income individuals. In addition, the retail shopping center will feature a Federally Qualified Health Clinic serving 5,000 patients a year as well as a pharmacy participating in the 340B Drug Pricing Program. It is anticipated that development of the Vineland Crossing project will catalyze further retail development in the Landis Avenue Corridor, which will in turn lead to additional economic development in downtown Vineland.

Wellness Plaza
New Brunswick, NJ

Federal NMTC: $7,500,000
Project Cost: $120,000,000
Jobs: >350 temp construction, >370 new full-time perm
Poverty Rate: 29.7%
Unemployment Rate: 17%

The New Brunswick Development Corporation and Pennrose Properties transformed an underutilized downtown New Brunswick site into a major transit-oriented, mixed-use facility focused on community health. The New Brunswick Wellness Plaza consists of a state-of-the-art, 9-story mixed-use building comprised of a 49,000 square foot supermarket, a 62,000 square foot wellness and fitness center (including an aquatic center) and a 474,000 square foot public parking garage with 1,275 parking spaces. In addition, the project incorporates the development of outdoor public space and the construction of a direct connection with the NJ Transit train platform located along the Northeast Corridor rail line.

The New Brunswick Wellness Plaza development has provided downtown New Brunswick with its only full-service supermarket, as well as a wellness, fitness, and aquatic center offering a variety of health-oriented services unavailable in New Brunswick since the city lost both its YMCA and YWCA many years ago. The project is part of the larger "Transit Village Redevelopment Initiative" undertaken by the City of New Brunswick to systematically add housing, retail, office, parking, and transportation infrastructure to downtown New Brunswick. The City of New Brunswick and State of New Jersey were major supporters of this project.

White Oak Regenerative Food Processing Facility
Bluffton, GA

Federal NMTC: $5,000,000
Project Cost: $14,900,000
Jobs: >30 temp construction, >32 new full-time perm, 153 full-time retained
Poverty Rate: 42.2%
Area Median Income: 48.89%
Unemployment: 19.2%

CCG Community Partners assembled the key tax credit equity financing for the $14.9 million expansion of a carbon-negative regenerative food processing complex in Bluffton, GA.

White Oak Pastures, one of the largest pasture-raised livestock operations in the nation, focuses on regenerative land management, humane animal husbandry, revitalizing its rural community, and teaching others about the benefits and process of regenerative farming while distributing online nationally to more than 450,000 customers annually. Through their General Store, which is located in a Federally-designated USDA Food Desert, they offer the only fresh food for miles in this region, serving more than 80,000 local customers annually, which is estimated to include 70% low-income community members and 50% minorities. 

White Oak Pastures is taking the next step in developing its local regenerative food system by expanding and enhancing the 9,408 sqft processing facility, 2,700 sqft manufacturing facility, 8,960 sqft distribution facility and 4,392 sqft General Store which includes a kitchen. The project will increase processing capacity from 2.7 million to 3.5 million pounds per year.

Located in a highly distressed census tract with a 19.2% unemployment rate, 42.2% poverty rate, and 48.89% median family income, the project is expected to retain 153 full-time permanent jobs, while creating over 30 temporary construction jobs and 32 new full-time permanent jobs.

Whitehouse Hotel
New Orleans, Louisiana

Federal HTC: $1,845,000
Federal NMTC: $10,000,000
Project Cost: $100,000,000 post-Katrina renovation
Jobs: >250 temp construction, >700 new full-time perm
Poverty Rate: 43.4%
Unemployment Rate: 9.1%

Whitehouse Hotel, LP has successfully completed the renovation of the hotel, creating over 500 luxury rooms and suites in addition to the hotel's other premier amenities. The Whitehouse Hotel is managed by Marriot/Ritz-Carlton and operates as The Ritz-Carlton, New-Orleans.

Known as the "Crown Jewel of the Crescent City", the Whitehouse Hotel (built 1908) occupies two historic Canal Street buildings in Downtown New Orleans. The Hotel suffered extensive mechanical and infrastructure damages in August 2005 during Hurricane Katrina, necessitating a major renovation. The successful renovation of the Whitehouse Hotel, completed in 2007, marked a key milestone in the recovery of New Orleans and New Orleans' hospitality industry.

Winston Medical Center
Louisville, Mississippi

Federal NMTC: $7,500,000
Project Cost: $45,000,000
Jobs: >250 temp construction, 60 new full-time perm, retain 220 full-time healthcare jobs
Poverty Rate: 32.2%

The Winston County Medical Foundation has successfully completed the new Winston Medical Center which is a 24 bed full-service hospital, 120 bed long-term senior care and rehab facility and medical office building.

The hospital has an estimated 20,000 patient visits per year, as a Rural Health Clinic it will serve approximately 7,500-8,000 patients per year and the nursing home will serve 120 residents, equating to 43,800 resident days per year. As a result of being located in a low-income area, Winston Medical provides a larger amount of charitable care than the national average.