June 5, 2013
The NMTC program enabled CHC to build a clinic to meet the needs of the Hilltop community. Without the economic assistance NMTCs provided, CHC would likely have had to build a smaller and less adequate facility with fewer programs. Even before completion, the project is making an impact on the community. The Pierce County Economic Council has named it one of the top 10 economic stimulus projects of the year, and the regional office of the Environmental Protection Agency listed it as one of the most successful brownfield programs of the year. READ MORE IN LINK BELOW
About CDFI NMTC ALLIANCE: The CDFI-NMTC Alliance is a coalition of large, mission-based community development financial institutions (CDFIs) that harness New Markets Tax Credits (NMTCs) to spur economic development and job creation in low-income communities. Our NMTC allocations have generated investments ranging from community health centers to charter schools to fresh-food access programs – creating thousands of jobs. The NMTC program pays for itself in revenue over time.