As part of the latest Smith NMTC transaction, a $30M closing with Community Housing Capital, Neighborhood Housing Services (NHS) of Baltimore will use a $6M allocation to rehab approximately 27 single family rowhomes in West Baltimore, where a high vacancy rate has contributed to community distress. NHS was founded in 1974 as a consortium of [...]

As part of the latest Smith NMTC transaction, a $30M closing with Community Housing Capital, Dayton’s Bluff Neighborhood Housing Services on the East Side of Saint Paul, Minnesota, will use a $7M allocation for infrastructure development for 32 lots and to construct 15 homes. The primarily minority neighborhoods where these properties are planned are highly [...]

Piedmont Housing Alliance of Charlottesville, Virginia, has operated since 1996 to offer homebuyer education, credit counseling, and fair housing advocacy, and to administer down-payment assistance programs. As part of the latest Smith NMTC transaction, a $30M closing with Community Housing Capital, Piedmont Housing Alliance will utilize a $6M allocation to build and renovate approximately 17 [...]

As part of the latest Smith NMTC transaction, a $30M closing with Community Housing Capital, Avenue Community Development Corporation of Houston, Texas, will use a $5M allocation to build approximately 18 homes in the Northline community. In the Northline community, there is a significant lack of housing stock, particularly at price points aligned with the [...]

In a recent transaction with Atlanta Neighborhood Development Partnership, Inc. (ANDP), Smith NMTC structured funding to leverage $10.5 million in New Markets Tax Credits for the rehab and construction of homes in the Westside and Southwest neighborhoods. These communities have been affected by economic distress and significant impacts of the Covid-19 pandemic. This allocation expands [...]

A $10M NMTC allocation from The Reinvestment Fund, Inc. will enable Atlanta Neighborhood Development Partnership, Inc. (ANDP) to renovate and build approximately 43 scattered-site homes throughout metro Atlanta, including 12 or more townhomes in the severely distressed Browns Mill neighborhood. All homes will be constructed to meet ANDP’s energy efficiency standards, minimizing environmental impact and [...]

We are thrilled to announce that our partner and collaborator, Community Housing Capital (CHC), received a $30 million NMTC allocation award in the 2020 round announced by the CDFI Fund on September 1st. Since its creation in 2000, Community Housing Capital (CHC), a CDFI and CDE with a national service area, has provided $809M in financing [...]

Smith NMTC Associates, LLC announces its most recent closing of a $28M New Markets Tax Credit (NMTC) transaction with The Housing Partnership Network, Inc. (HPN). A Community Development Financial Institution (CDFI) since 1992 and a certified Community Development Entity since 2007, HPN provides loans to its members – 100 of the highest performing affordable housing [...]

New Mexico-based Homewise, Inc. has operated since 1986 to provide homeownership opportunities and to support the long-term financial stability of its clients. Homewise empowers its customers with knowledge and financial skills, provides them with affordable homes and lending products, and supports them as partners both before and after the home purchase. Two projects will receive [...]

Housing Channel is a North Texas nonprofit developer with a 30 year history of revitalizing neighborhoods and providing quality affordable housing with the goal of providing wealth creation opportunities through homeownership, creating educated and empowered homeowners, to lift neighborhoods and strengthen communities. With a $6M NMTC allocation from HPN, Housing Channel will add 12 townhomes [...]