www.sds.capital Open in urlscan Pro
54.184.47.47  Public Scan

Form analysis
2 forms found in the DOM

GET https://www.sds.capital/

<form role="search" action="https://www.sds.capital/" method="GET">
  <input type="text" name="s" value="Start Typing..." data-placeholder="Start Typing...">
</form>

POST

<form id="mc4wp-form-1" class="mc4wp-form mc4wp-form-8311" method="post" data-id="8311" data-name="Subscribe Form">
  <div class="mc4wp-form-fields">
    <div class="newsletter-layout-section_inner">
      <input type="text" class="subscribe_name" name="NAME" placeholder="Your name">
      <lable class="nwlabl" style="display:none;">Name</lable>
      <input type="email" class="subscribe_email" name="email" placeholder="Your email address" required="">
      <lable class="nwlabl" style="display:none;">Email Address</lable>
      <input type="button" class="subscribe_btn" value="Subscribe">
    </div>
    <div class="newsletter-layout-error-section">
      <span class="nm-error" style="display: none;">Name is requred </span>
      <span class="em-error" style="display: none;">Email is requred </span>
    </div>
  </div><label style="display: none !important;">Leave this field empty if you're human: <input type="text" name="_mc4wp_honeypot" value="" tabindex="-1" autocomplete="off"></label><input type="hidden" name="_mc4wp_timestamp"
    value="1709631856"><input type="hidden" name="_mc4wp_form_id" value="8311"><input type="hidden" name="_mc4wp_form_element_id" value="mc4wp-form-1">
  <div class="mc4wp-response"></div>
</form>

Text Content

 * about
 * 20 years
 * products
 * team
 * news
 * press area
 * contact

 * 

 * 


NATIONAL
NEW MARKETS FUND

Investing In Urban and Rural Manufacturers to Create Quality Jobs For Low-Income
Individuals and Communities
 1. Home
 2. /
 3. NATIONAL NEW MARKETS FUND




MISSION & HISTORY

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


ABOUT U.S. TREASURY NEW MARKET TAX CREDITS PROGRAM

New Markets Tax Credit (NMTC) program was established by Congress in 2000 to
stimulate investment and economic growth in designated low-income communities.
The program is administered by the U.S. Treasury Department under its Community
Development Finance Institution Fund (CDFI Fund) division. NMTCs are awarded
annually through a highly competitive application process, with only  25% to 50%
of the applicants receiving allocations generally ranging from $20 million to
$70 million. The NMTC allocations are awarded based on track record of investing
in high-distress communities and  proposed investment strategy. The allocatees
have discretion in the selection and approval of investments within the
parameters of a proposed strategy. Allocatees often invest their allocation into
3-6 different project investments. Once an allocatee selects a project to
finance, it seeks out an investor to monetize or ‘buy’ the tax credits. By
selling the value of the tax credit, the allocatee generates the proceeds which
it can then invest, typically in the form of a below-market loan, in the
project. An investor, most often banks, buys the tax credits to reduce their
federal income tax. Investors purchase the tax credits at a discount to generate
the proceeds needed for the investment. Market pricing for the tax credits
fluctuates, but as an example, an investor typically pays about 70 cents to
obtain $1 of tax credits. So an allocatee selling $10 million of NMTCs at 70
cents on the dollar will have $7 million of capital to invest in the project, a
portion of which the project does not need to repay. This portion of the tax
credit subsidies that are retained by the project provides the financial benefit
to make the overall project financially viable. Learn more about NMTCs here.


CURRENT INVESTMENT FOCUS

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


TAXPAYER
STEWARDS

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


FINANCIAL
SOUNDNESS

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


IMPACT
DRIVEN

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


IMPACT
REPORTING

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


NNMF TODAY


$702M

TOTAL OF $702M INVESTED
IN COMPANIES & PROJECTS


49

COMPANIES &
PROJECTS FINANCED


14/16

CDFI ALLOCATIONS
HAVE AWARDED NNMF

(Since 2005)


12+

AWARD-WINNING
PROJECTS

(Impact Related)


NNMF IMPACTS


35%

AVERAGE
POVERTY RATE OF COMMUNITIES INVESTED IN


17,090

NUMBER OF
JOBS CREATED


66%

OF JOBS ACCESSIBLE
FOR LOW-INCOME &
COMMUNITY RESIDENTS


1,000,000

INDIVIDUALS RECEIVING HEALTH, FOOD, & OTHER CRITICAL SERVICES ANNUALLY


NNMF NEWS


NNMF INVESTS $17 MILLION TO DEVELOP DETROIT PLANT, CREATING OVER 700 JOBS

February 21, 2019


NNMF CLOSES $23M IN NMTC FINANCING TO DEVELOP WESTERVELT WOOD MILLING FACILITY
IN SOUTHWEST ALABAMA

February 20, 2020


NNMF INVESTMENT: EATERY ESSENTIALS TO CREATE 150 JOBS

July 23, 2020


NNMF CLOSES $23 MILLION IN NMTC FINANCING TO EXPAND AAON COIL PRODUCTS PLANT IN
EAST TEXAS

December 17, 2019


NNMF INVESTS $17 MILLION TO DEVELOP DETROIT PLANT, CREATING OVER 700 JOBS

February 21, 2019


NNMF CLOSES $23M IN NMTC FINANCING TO DEVELOP WESTERVELT WOOD MILLING FACILITY
IN SOUTHWEST ALABAMA

February 20, 2020


NNMF INVESTMENT: EATERY ESSENTIALS TO CREATE 150 JOBS

July 23, 2020


NNMF CLOSES $23 MILLION IN NMTC FINANCING TO EXPAND AAON COIL PRODUCTS PLANT IN
EAST TEXAS

December 17, 2019


NNMF INVESTS $17 MILLION TO DEVELOP DETROIT PLANT, CREATING OVER 700 JOBS

February 21, 2019


NNMF CLOSES $23M IN NMTC FINANCING TO DEVELOP WESTERVELT WOOD MILLING FACILITY
IN SOUTHWEST ALABAMA

February 20, 2020


OUR PROJECTS

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

Click below to filter by category:

View all AwardedCommercial/BusinessHomeless/Human
ServicesHospitalsManufacturingRedevelopmentSchools
View all AwardedCommercial/BusinessHomeless/Human
ServicesHospitalsManufacturingRedevelopmentSchools


EATERY ESSENTIALS

(DALLAS, TX)

|

CLOSED MARCH 2020

$19 M TOTAL COSTS

|

$19 M TOTAL NMTCS

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


EATERY ESSENTIALS

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

NNMF NMTCS: $19 MILLION


WESTERVELT SAWMILL

(THOMASVILLE, AL)

|

CLOSED DECEMBER 2019

$198 M TOTAL COSTS

|

$56 M TOTAL NMTCS

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


WESTERVELT SAWMILL

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

NNMF NMTCS: $23 MILLION


AAON COIL

(LONGVIEW, TX)

|

CLOSED NOVEMBER 2019

$61 M TOTAL COSTS

|

$23 M TOTAL NMTCS

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


AAON COIL

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

NNMF NMTCS: $23 MILLION


AMERICAN SPIRALWELD PIPE

(PARIS, TX)

|

CLOSED DECEMBER 2018

$101 M TOTAL COSTS

|

$34 M TOTAL NMTCS

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


AMERICAN SPIRALWELD PIPE

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

NNMF NMTCS: $16 MILLION


SWISS KRONO GROUP

(BARNWELL, SC)

|

CLOSED SEPTEMBER 2018

$306 M TOTAL COSTS

|

$45 M TOTAL NMTCS

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


SWISS KRONO GROUP

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

NNMF NMTCS: $17 MILLION


FLEX-N-GATE

(DETROIT, MI)

|

CLOSED JULY 2018

$235 M TOTAL COSTS

|

$41 M TOTAL NMTCS

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


FLEX-N-GATE

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

NNMF NMTCS: $17 MILLION

Load More


AMERICAN TUBING INC.

(SPRINGDALE, AR)

|

CLOSED JANUARY 2016

$11 M TOTAL COSTS

|

$10 M TOTAL NMTCS

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


AMERICAN TUBING INC.

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

NNMF NMTCS: $10 MILLION


COMMERCIAL METALS COMPANY

(DURANT, OK)

|

CLOSED DECEMBER 2015

$263 M TOTAL COSTS

|

$52 M TOTAL NMTCS

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


COMMERCIAL METALS COMPANY

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

NNMF NMTCS: $21 MILLION

AWARD WINNING


PRAIRIE DOG PET PRODUCTS

(ABILENE, TX)

|

CLOSED DECEMBER 2015

$25 M TOTAL COSTS

|

$24 M TOTAL NMTCS

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


PRAIRIE DOG PET PRODUCTS

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

NNMF NMTCS: $24 MILLION

AWARD WINNER :

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


PIZITZ

(BIRMINGHAM, AL)

|

CLOSED FEBRUARY 2015

$6 M TOTAL COSTS

|

$23 M TOTAL NMTCS

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


PIZITZ

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

NNMF NMTCS: $23 MILLION

AWARD WINNER :

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


MIA SEATING

(UNION CITY, TN)

|

CLOSED DECEMBER 2014

$23 M TOTAL COSTS

|

$22 M TOTAL NMTCS

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


MIA SEATING

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

NNMF NMTCS: $17 MILLION


DETROIT MANUFACTURING SYSTEMS

(DETROIT, MI)

|

CLOSED OCTOBER 2014

$25 M TOTAL COSTS

|

$20 M TOTAL NMTCS

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


DETROIT MANUFACTURING SYSTEMS

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

NNMF NMTCS: $20 MILLION

AWARD WINNING


AKER BIOMARINE

(HOUSTON, TX)

|

CLOSED DECEMBER 2013

$35 M TOTAL COSTS

|

$28 M TOTAL NMTCS

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


AKER BIOMARINE

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

NNMF NMTCS: $12 MILLION

AWARD WINNER :

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


NUCLEUS INNOVATION CENTER

(LOUISVILLE, KY)

|

CLOSED SEPTEMBER 2013

$37 M TOTAL COSTS

|

$20 M TOTAL NMTCS

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


NUCLEUS INNOVATION CENTER

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

NNMF NMTCS: $15 MILLION

AWARD WINNER :

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


MICHIGAN RENEWABLE CARBON

(GWINN, MI)

|

CLOSED SEPTEMBER 2013

$24 M TOTAL COSTS

|

$22 M TOTAL NMTCS

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


MICHIGAN RENEWABLE CARBON

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

NNMF NMTCS: $20 MILLION

AWARD WINNER :

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


GATEWAY MARKETPLACE/ MEIJER INVESTMENT FUND

(DETROIT, MI)

|

CLOSED SEPTEMBER 2012

$67 M TOTAL COSTS

|

$59 M TOTAL NMTCS

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


GATEWAY MARKETPLACE/ MEIJER INVESTMENT FUND

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

NNMF NMTCS: $14 MILLION

AWARD WINNER :

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


DREAM CENTER

(LOS ANGELES, CA)

|

CLOSED AUGUST 2012

$49 M TOTAL COSTS

|

$50 M TOTAL NMTCS

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


DREAM CENTER

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

NNMF NMTCS: $16 MILLION

AWARD WINNING


SAN ANTONIO LIGHTHOUSE FOR THE BLIND (SALB)

(SAN ANTONIO, TX)

|

CLOSED AUGUST 2012

$13 M TOTAL COSTS

|

$13 M TOTAL NMTCS

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


SAN ANTONIO LIGHTHOUSE FOR THE BLIND (SALB)

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

NNMF NMTCS: $13 MILLION

AWARD WINNER :

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


CHARTER SCHOOL OF THE DUNES

(GARY, IN)

|

CLOSED JULY 2012

$13 M TOTAL COSTS

|

$13 M TOTAL NMTCS

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


CHARTER SCHOOL OF THE DUNES

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

NNMF NMTCS: $13 MILLION

AWARD WINNING


SAN ANTONIO FOOD BANK

(SAN ANTONIO, TX)

|

CLOSED JUNE 2012

$27 M TOTAL COSTS

|

$27 M TOTAL NMTCS

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


SAN ANTONIO FOOD BANK

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

NNMF NMTCS: $14 MILLION

AWARD WINNER :

2012 Honorable Mention: Metro QLICI of the Year (Novogradac Community
Development Foundation)


B&C RESEARCH, INC

(BARBERTON, OH)

|

CLOSED NOVEMBER 2011

$22 M TOTAL COSTS

|

$21 M TOTAL NMTCS

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


B&C RESEARCH, INC

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

NNMF NMTCS: $21 MILLION


MOLINA HEALTHCARE DATACENTER

(ALBUQUERQUE, NM)

|

CLOSED OCTOBER 2011

$33 M TOTAL COSTS

|

$21 M TOTAL NMTCS

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


MOLINA HEALTHCARE DATACENTER

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

NNMF NMTCS: $3 MILLION

AWARD WINNING


CENTRAL LOUISIANA SURGICAL HOSPITAL

(ALEXANDRIA, LA)

|

CLOSED MAY 2011

$18 M TOTAL COSTS

|

$18 M TOTAL NMTCS

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


CENTRAL LOUISIANA SURGICAL HOSPITAL

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

NNMF NMTCS: $18 MILLION

AWARD WINNER :

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


NEXT GENERATION HEALTH CARE

(MULTI, OH)

|

CLOSED MAY 2010

$25 M TOTAL COSTS

|

$15 M TOTAL NMTCS

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


NEXT GENERATION HEALTH CARE

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

NNMF NMTCS: $7 MILLION


S.T. PAPER

(OCONTO FALLS, WI)

|

CLOSED APRIL 2010

$92 M TOTAL COSTS

|

$92 M TOTAL NMTCS

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


S.T. PAPER

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

NNMF NMTCS: $15 MILLION

AWARD WINNING


HAVEN FOR HOPE

(SAN ANTONIO, TX)

|

CLOSED DECEMBER 2009

$41 M TOTAL COSTS

|

$40 M TOTAL NMTCS

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


HAVEN FOR HOPE

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

NNMF NMTCS: $15 MILLION

AWARD WINNER :

2011 Special Housing Award (American Institute of Architects)


CLEVELAND INSTITUTE OF ART

(CLEVELAND, OH)

|

CLOSED NOVEMBER 2009

$48 M TOTAL COSTS

|

$23 M TOTAL NMTCS

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


CLEVELAND INSTITUTE OF ART

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

NNMF NMTCS: $13 MILLION


HABITAT HOMES PROJECT

(JACKSON AND GULF COAST, MS)

|

CLOSED JULY 2009

$10 M TOTAL COSTS

|

$10 M TOTAL NMTCS

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


HABITAT HOMES PROJECT

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

NNMF NMTCS: $10 MILLION

AWARD WINNING


ARGONAUT BUILDING

(DETROIT, MI)

|

CLOSED FEBRUARY 2009

$146 M TOTAL COSTS

|

$69 M TOTAL NMTCS

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


ARGONAUT BUILDING

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

NNMF NMTCS: $8 MILLION

AWARD WINNER :

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


SECOND LINE STAGES

(NEW ORLEANS, LA)

|

CLOSED DECEMBER 2008

$41 M TOTAL COSTS

|

$24 M TOTAL NMTCS

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


SECOND LINE STAGES

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

NNMF NMTCS: $6 MILLION

AWARD WINNER :

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


PLAZA ADELANTE (MEDA)

(SAN FRANCISCO, CA)

|

CLOSED DECEMBER 2008

$10 M TOTAL COSTS

|

$9 M TOTAL NMTCS

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


PLAZA ADELANTE (MEDA)

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

NNMF NMTCS: $9 MILLION

AWARD WINNER :

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


HAMMOND SQUARE

(HAMMOND, LA)

|

CLOSED AUGUST 2008

$81 M TOTAL COSTS

|

$35 M TOTAL NMTCS

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


HAMMOND SQUARE

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

NNMF NMTCS: $10 MILLION

AWARD WINNING


MERCY CORPS

(PORTLAND, OR)

|

CLOSED MARCH 2008

$39 M TOTAL COSTS

|

$25 M TOTAL NMTCS

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


MERCY CORPS

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

NNMF NMTCS: $8 MILLION

AWARD WINNER :

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


KING EDWARD HOTEL

(JACKSON, MS)

|

CLOSED FEBRUARY 2008

$123 M TOTAL COSTS

|

$74 M TOTAL NMTCS

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


KING EDWARD HOTEL

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

NNMF NMTCS: $15 MILLION

AWARD WINNER :

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


WWII MUSEUM

(NEW ORLEANS, LA)

|

CLOSED DECEMBER 2007

$60 M TOTAL COSTS

|

$40 M TOTAL NMTCS

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


WWII MUSEUM

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

NNMF NMTCS: $6 MILLION


OCHSNER BAPTIST MEDICAL CENTER

(NEW ORLEANS, LA)

|

CLOSED AUGUST 2007

$120 M TOTAL COSTS

|

$25 M TOTAL NMTCS

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


OCHSNER BAPTIST MEDICAL CENTER

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

NNMF NMTCS: $4 MILLION


NNMF INQUIRIES:

Contact Beth Fore

FOLLOW US ON SOCIAL MEDIA

 * 
 * 
 * 





SDS CAPITAL GROUP
1281 Westwood Blvd., Suite 200
Los Angeles, CA 90024

(310) 914-5333

info@sds.capital

 * About
 * Products
 * News
 * Contact
 * 20 Years
 * Team
 * Press Area

SIGN UP FOR UPDATES



Name Email Address
Name is requred Email is requred
Leave this field empty if you're human:




 * SDS Capital Group ©2022
 * Privacy Policy

 * 
 * 
 * 

Back to Top
FacebookTwitterLinkedIn



CLOSE
New Markets Tax Credit Program

The New Markets Tax Credit (NMTC) program was created in 2000 to stimulate
economic growth in rural and low income communities by increasing the
availability of private capital. In return, NMTC investors – most often banks –
are provided with a tax credit equal to 39% of the total Qualified Equity
Investment (QEI) over seven-year period. This tax credit provides anywhere from
a 20% to a 25% subsidy to projects. The NMTC program was born of the Community
Renewal Tax Relief Act and is under the United States Treasury Department.


✓
Thanks for sharing!
AddToAny
More…

 * Menu
   * * *  * About
          * 20 Years
          * Products
          * Team
         
          * News
          * Press Area
          * Contact
         
         
         PRODUCTS
         
          * SDS Supportive Housing Fund
          * American South Real Estate Fund
          * National New Markets Fund
         
          * SDS Advantage
          * Develop Michigan Real Estate Fund
          * Sustainable Communities Fund
         
         
         NEWS
         
          * Awards
          * SDS Capital Group News
          * SDS Supportive Housing Fund
          * ASREF
          * National New Markets Fund
         
         
         SOCIAL
         
          * LinkedIn
          * Facebook
          * Youtube