Who We Are
The Central Valley NMTC
Central Valley NMTC (CVNMTC) connects innovative projects in economically disadvantaged neighborhoods with private investment. We foster transformative projects positioned for positive, catalytic impact. Projects that wouldn't otherwise pencil out for traditional lenders become attractive to private financing through considerable tax credits.
We use the federal New Markets Tax Credit (NMTC) program to foster economic development in economically disadvantaged neighborhoods throughout the Central Valley of California. Focusing on economic, social, and environmental returns, CVNMTC looks to finance projects that demonstrate the highest community development outcomes. This means job creation, community services, cleaner air and water, increased housing opportunities, and more access to health care and education.
Our targeted borrowers include, but are not limited to, nonprofit organizations, public/private partnerships, established development companies, and minority-owned enterprises.
CVNMTC provides a substantial financial benefit for the organization receiving the funding to help create opportunity and lasting change to end poverty in the Central Valley. California’s Central Valley is one of the poorest and unhealthiest regions in America.
We focus on projects such as federally qualified health centers (FQHCs) and community medical clinics that provide immediate and significant community benefits, such as healthcare delivery, job creation, job quality, community services, and environmental impacts.
CVNMTC’s specific service areas are the eight counties that comprise California’s Central Valley – Fresno, Kern, Kings, Madera, Merced, San Joaquin, Stanislaus, and Tulare. We focus our resources on the most highly distressed qualified census tracts (QCTs) with a special emphasis on projects within rural communities of the Central Valley. Although CVNMTC is currently focused on these counties, projects in other highly distressed areas throughout California may be considered if it meets CVNMTC’s impact criteria.
The 16th Congressional District, where CVNMTC is headquartered, has the lowest “Human Development Index” in the nation. Even though the Valley is the country’s #1 agricultural producing region, the most recent census shows the Valley is also #1 for residents living below the federal poverty line.
The American Lung Association gives the Valley a failing grade for its designation as the dirtiest air basin in the country. Despite high rates of medical diseases, such as obesity, heart disease, and diabetes, health care access is extremely limited — 30 percent of the census tracts in our service area are designated as Medically Underserved Areas (MUA). And 57.8 percent are designated as Health Provider Shortage Areas (HPSA).
- Coordinated leadership
- Pro-bono technical assistance
- NMTC financing
- Long-term collaboration to organizations and projects that positively
- impact the social determinants of health for Low-Income Communities throughout our region
CVNMTC targets projects with demonstrable community impact, such as quality job creation and retention, essential community services such as health care and childcare, and sustainable environmental impact. Priority is given to projects that are:
- Located in areas that face endemic economic issues, such as high poverty rate, high unemployment, and high crime
- Demonstrate strong support from the public and private sectors, community leaders, and residents
- Deliver economic revitalization and catalytic impact for the surrounding community.