New Markets

Overview

CAHEC New Markets, LLC, an affiliate of CAHEC, uses New Markets Tax Credit allocations to finance high-impact community facility projects throughout the Southeast to help communities and their residents stabilize, advance, and thrive. We have been awarded a total of $345 million in allocations from the U.S. Department of the Treasury's CDFI Fund.

Financed Projects

The adaptive reuse of underutilized and vacant historic buildings into adult day care centers with medical facilities and affordable housing
A new construction, 85,000 square foot, medical school and free community clinic
The construction of a charter school for middle and high school students
A new construction pediatric outpatient medical facility
A warehouse and food distribution center that created over 150 new full-time jobs in a distressed rural community
The adaptive reuse of a commercial building into a 125-room hotel and contemporary art museum
A 1.5 million square foot new construction facility, housing a distribution center as well as retail and outlet stores, it is estimated that this project will generate approximately 320 new full-time jobs

The New Markets Tax Credits program is designed to stimulate economic and community development and job creation in low-income communities by attracting investment capital from the private sector. Taxpayers invest equity capital in qualified CDEs in exchange for a credit against their federal income taxes. In turn, CDEs are required to invest the proceeds in low-income communities, areas that traditionally have not attracted private capital.

Need help?

To learn more about CAHEC's New Markets Tax Credit program, please contact Natalie Swanson at 919-645-9838 or nswanson@cahec.com.

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De conformidad con la ley federal y la política del Departamento del Tesoro de los EE. UU., esta institución tiene prohibido discriminar por motivos de raza, color, origen nacional, sexo, edad o discapacidad. Presente una queja por discriminación por correo a U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity, 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, llamando al (202) 622-1160 (teléfono) o al (202) 622-0367 (fax), o enviando un correo electrónico a crcomplaints@treasury.gov (correo electrónico)