National
New Markets Fund

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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)

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.

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.

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.

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.

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.