Partners focuses its NMTC investments on community facilities projects that provide significant benefits for low-income people and their communities in severely distressed Census tracts. Eligible projects include educational facilities, including high-impact charter schools, community health facilities such as Federally Qualified Health Centers (FQHCs), and social services facilities. Partners has a national footprint and seeks geographic balance in its investments, as well as investments in underserved states. Partners has used $85 million in NMTC allocations, and received an additional $50 million in NMTCs in September 2023, its largest award to-date.
NMTC
Our NMTC Projects
Education, NMTC
Washington, District Of Columbia
Impact Summary
In partnership with Harbor Bankshares Corporation ($10 million) and Truist Community Capital ($4 million), Partners contributed a $10 million NMTC sub-allocation from its recent $50 million NMTC allocation for Building Bridges Across the River and WC Smith to develop a new campus that will be the new home of the Washington School for Girls (WSG... Read More
Education, NMTC
Impact Summary
In partnership and close collaboration with four other CDEs, The Property and Casualty Initiative, Massachusetts Housing Investment Corporation, and Chase, Partners contributed a $10 million NMTC sub-allocation from its recent $50 million NMTC allocation to fund construction of a new state-of-the-art $66 million campus. When complete in the... Read More
Education, Healthcare, NMTC
Greensboro, North Carolina
Impact Summary
In partnership with The Innovate Fund and Wells Fargo, Partners sub-allocated $12.5 million from its recent $50 million NMTC award to fund the construction of The Resurgent Phase I, located directly across from North Carolina A&T State University. Upon completion, the new $32.6 million office building will offer healthcare services to a... Read More
