# NEW MARKETS TAX CREDIT ALLOCATION APPLICATION

**Great Lakes Regional Capital CDE, LLC**

Application Round: CY2025  
Requested Allocation: **$70,000,000**  
Prepared: <RUNDATE>  
Readiness Grade: **B** (84.9/100)  

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*This document was generated by nmtc-application-builder v<VERSION>. Narrative placeholders marked \[NARRATIVE PLACEHOLDER\] require CDE review and customization.*

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## Executive Summary

Great Lakes Regional Capital CDE, LLC respectfully requests $70.0MM in New Markets Tax Credit allocation for application round CY2025. Our 8-project pipeline spans 4 states with **85% of QEI committed to deep/severely distressed tracts**.

**Application Readiness Score: 84.9/100 (Grade B)**

**Key Strengths** (this tool's own assessment against its own thresholds — not a CDFI Fund evaluation)**:**
- High pipeline eligibility rate (≥80% score)
- Strong deep/severe distress concentration
- Good geographic diversity across multiple states

**Recommended Improvements Before Submission:**
- Add operating business projects (manufacturing, healthcare) to improve jobs-per-million-QEI metric above this tool's 12 FTE screening band (a house band, not a CDFI Fund figure)

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## Table of Contents

- [Section A: Business Strategy](#section-a)
- [Section B: Community Outcomes](#section-b)
- [Section C: Management Capacity](#section-c)
- [Section D: Capitalization Strategy](#section-d)
- [Section E: Prior Awards — Deployment History](#section-e)
- [Appendix A: Pipeline Detail](#appendix-a)
- [Appendix B: Distress Documentation](#appendix-b)
- [Appendix C: Geographic Targeting](#appendix-c)
- [Appendix D: Impact Projections](#appendix-d)
- [Appendix E: Track Record](#appendix-e)

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## Section A: Business Strategy

### Investment Thesis and Strategy

Great Lakes Regional Capital CDE, LLC will deploy $70.0 million in NMTC allocation across 8 projects in 4 states — targeting 85% of QEI in deep and severely distressed census tracts. The pipeline's largest sector concentration is affordable housing.

[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Target Markets — Geographic and Demographic

Primary geographic targets: MI, NY, OH, PA.

Great Lakes Regional Capital CDE, LLC's stated mission is: "Deploy New Markets Tax Credit capital into severely distressed census tracts across the eastern Great Lakes, with a standing preference for operating businesses that hire locally."

Per the persistent-poverty flags supplied in this CDE's own pipeline submission, the pipeline places 25% of QEI in tracts declared as persistent-poverty counties. 13% of QEI is in tracts recorded as High Migration Rural. This share is NOT solely the CDE's declaration: the high_migration_rural column of the pipeline submission is overwritten wherever nmtc-mapper returned a determination for the tract, so where the two disagree the figure above is the tool's, not the CDE's. Check it against your own submission before relying on it, and state which governs.



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Pipeline Overview

**Total Projects in Pipeline:** 8
**Total Pipeline QEI ($):** $88,500,000
**States Represented:** 4
**% QEI in Deep/Severe Distress:** 85%
**Dominant Sector:** Affordable Housing
**Total Jobs to Be Created:** 532
**Sector Diversity Score:** 93.8/100

### QEI Deployment Strategy and Timeline

Great Lakes Regional Capital CDE, LLC targets a CY2025 award.

[CDE TO COMPLETE: State your deployment timeline and the diligence status of each project — when you expect to close the first tranche, how the rest are sequenced, and how far each project has actually progressed through your underwriting. This tool holds neither: your pipeline submission records project economics and locations, not diligence milestones or target closing dates. Do not assert that a project has cleared underwriting review unless it has.]

QEI deployment strategy: 85% of QEI committed to deep/severe distress tracts. (This tool's own internal scoring band is ≥75%; it is not a CDFI Fund threshold.)



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Competitive Differentiation



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]




---

## Section B: Community Outcomes

### Aggregate Community Impact Projections

The 8 projects in Great Lakes Regional Capital CDE, LLC's pipeline will produce the following direct community impacts upon project completion:

  • 532 permanent full-time-equivalent jobs created
  • 198 existing jobs retained
  • 142 affordable or mixed-income housing units developed
  • 662,900 sq ft of community facility / commercial space
  • 6.0 jobs per $1MM of QEI deployed



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Distress Level Commitments

**QEI in Deep Distress Tracts (a share of QEI, not of QLICIs — see the basis note below):** 52.2%
**QEI in Severely Distressed Tracts, Deep Distress included (a share of QEI, not of QLICIs — see the basis note below):** 85.3%
**— of which severely distressed but not also deep:** 33.1%
**QEI in LIC (Standard Eligible) Tracts:** 14.7%
**QEI in NMTC Native Areas (CDE-declared, not verified by this tool):** 5.9%
**QEI in High Migration Rural (HMR) Tracts:** 12.7%
**BASIS NOTE — the CDFI Fund's two distress commitments are measured on QLICIs, not on QEI:** The CY 2024-2025 NMTC Program Review Process (Targeting Areas of Higher Distress, Question 25) states two commitments, and both are measured on QLICIs: at least 85% of QLICIs in specified areas of severe distress and/or areas characterized by multiple indicia of distress, and at least 20% of QLICIs to 'Deep Distress' areas. Every share in this table is a share of QEI. nmtc-application-builder computes neither QLICI-denominated figure — it reads this pipeline's QLICI amounts only to print them in Appendix A and to check that each is no larger than its QEI — so no figure above answers either commitment, and none may be presented to the CDFI Fund as doing so. Two further gaps in the higher-distress commitment: it covers severe distress OR MULTIPLE INDICIA of distress, and this package computes no multi-indicia measure at all, so even the QLICI-denominated severe-distress share would be incomplete against it; and Deep Distress is a strict subset of severe distress, so the second row above already includes the first. The CDE must compute both QLICI-denominated shares from its own QLICI amounts before stating either commitment. (The CY 2026 NOAA is not yet published.)

### Community Need Documentation

[CDE TO COMPLETE: Document unmet capital need in the markets this pipeline serves. Supply the underlying evidence and cite each source by name, publisher and vintage — for example credit-access or lending data for your tracts, unemployment and poverty measures, business closures or disinvestment history, and community input gathered by your CDE. nmtc-application-builder does not compute, retrieve or verify community-need statistics of any kind, and supplies no figure for this subsection. No number may be entered here without a citation the CDE controls and can defend to the CDFI Fund.]



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Per-Project Impact Detail

(See Attachment: Impact Projections Table)

### Long-Term Community Impact Strategy



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]




---

## Section C: Management Capacity

### CDE History and Certification

Great Lakes Regional Capital CDE, LLC was certified as a Community Development Entity by the CDFI Fund on 2016-04-11. Since certification, the organization has received 3 NMTC allocation awards totaling $160,000,000, of which 2 are recorded as fully deployed.

Per this CDE's own profile declaration, no prior NMTC reporting issues have been recorded.

[CDE TO COMPLETE: State the CDE's full compliance and performance history over its prior allocations — recapture or reduction events, defaults, cures, and material findings. The profile field above covers reporting issues only and is not by itself a representation about defaults or compliance violations.]



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Governance and Organizational Structure

**Board Members:** 11
**Community Representatives:** 5
**Independent Directors:** N/A
**Board Meeting Frequency:** Bi-monthly
**CDE Certification Date:** 2016-04-11
**Prior Allocations Received:** 3
**Total Prior Allocation ($):** $160,000,000
**Rounds Fully Deployed:** 2

### Track Record — Prior NMTC Deployments

(See Attachment: Track Record Table)

### Underwriting Process and Internal Controls

[CDE TO COMPLETE: Describe your CDE's underwriting process end to end — initial screening and how eligibility is established, impact assessment, financial underwriting and credit criteria, your investment committee's composition and approval threshold, and your compliance-monitoring practice over the seven-year period. This tool holds none of these: your CDE profile records a board headcount, which is not an approval rule, and nothing in it describes a control you actually operate.]



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Key Personnel and Qualifications



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]




---

## Section D: Capitalization Strategy

### Deal Economics Summary

**Allocation Requested ($):** $70,000,000
**Total Pipeline QEI ($):** $88,500,000
**Total NMTCs Generated ($):** $34,515,000
**Estimated Investor Equity ($):** $28,647,450
**Assumed Credit Price ($/NMTC):** $0.83 (market assumption, not a CDFI Fund parameter)
**Total Leverage Loans ($):** $59,852,550
**CDE Fee Income ($):** $2,212,500
**Assumed CDE Fee Rate:** 2.5% of QEI (market assumption, not a CDFI Fund parameter)
**QEI Less CDE Fees ($):** $86,287,500 (not the QALICB's retained benefit — the $59.9MM leverage loan inside this figure is repaid or refinanced)
**Compliance Period:** 7 years (IRC §45D)

### Investor Strategy and Relationships

[CDE TO COMPLETE: Describe your actual investor relationships and their current status — named institutions where you have them, whether each is a term sheet, a letter of intent, a prior-round investor or a prospect, and who is expected to lead. This tool has no investor data for your CDE and cannot attest to any relationship, to investor motivation, or to how many investors will participate.]

Modelled on $88.5MM of pipeline QEI at an assumed credit price of $0.83/NMTC credit, the structure implies $28.6MM of investor equity. The credit price is a market assumption of this model, not a quoted or committed price.

Pipeline footprint: 4 states.



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Leverage Structure

Each transaction will utilize a standard leveraged NMTC structure:

  1. Leverage Lender provides senior debt (approx. $59.9MM total)
  2. Tax Credit Investor contributes equity ($28.6MM)
  3. Combined proceeds flow through the CDE as QLICI loans. 4 of 8 projects are declared below-market-rate in this CDE's own pipeline submission; the terms of the remainder are not recorded here.
  4. QEI less CDE fees: $86.3MM. This is not the QALICB's retained benefit — the $59.9MM leverage loan inside it is repaid or refinanced after the 7-year period.

Assumed CDE fee rate: 2.5% of QEI ($2.2MM) — a market assumption of this model, not a CDFI Fund parameter. Fees cover origination, compliance monitoring, and asset management over the 7-year compliance period.



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]



### Investor Commitments

[CDE TO COMPLETE: This table is a blank form. nmtc-application-builder holds no investor data for your CDE and supplies no figure in it — not a name, a type, a CRA obligation, a commitment amount, a credit price or a status, and not the number of rows. Add one row per investor you can name and defend to the CDFI Fund, and delete any row you cannot.]

(See Attachment: Investor Commitments Table)

### Leverage Loan Sources



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]




---

## Section E: Prior Awards — Deployment History

### Prior Allocation Summary

Great Lakes Regional Capital CDE, LLC has 3 prior NMTC allocation awards totaling $160,000,000, of which 2 are recorded in the CDE profile as fully deployed.

Per this CDE's own profile declaration, no prior NMTC reporting issues have been recorded.

[CDE TO COMPLETE: State the CDE's full compliance and performance history over its prior allocations — recapture or reduction events, defaults, cures, and material findings. The profile field above covers reporting issues only and is not by itself a representation about defaults or compliance violations.]

The deployment history table below lists each prior award's year, amount and deployment status. It does NOT record states served or sectors financed: neither is collected by this tool's CDE profile scaffold, so no value for them exists to print. [CDE TO COMPLETE: Add the states served and sectors financed for each prior award directly to the table below. The CDFI Fund's Section E asks for both and this tool does not hold them.]



### Award-by-Award Deployment History

- **Award 1 (FY2019):** $45,000,000 — Fully Deployed. States: [CDE TO COMPLETE — not collected by this tool]. Sectors: [CDE TO COMPLETE — not collected by this tool].
- **Award 2 (FY2021):** $60,000,000 — Fully Deployed. States: [CDE TO COMPLETE — not collected by this tool]. Sectors: [CDE TO COMPLETE — not collected by this tool].
- **Award 3 (FY2023):** $55,000,000 — Partially Deployed. States: [CDE TO COMPLETE — not collected by this tool]. Sectors: [CDE TO COMPLETE — not collected by this tool].

### Compliance and Monitoring

(See Attachment: Track Record Table)

### Outcomes and Impact Achieved

Outcomes across all 3 prior awards:



[NARRATIVE PLACEHOLDER — Replace this text with your CDE's specific information. CDFI Fund reviewers score on specificity, evidence, and alignment with community need. Length is governed by the limit printed on the published application form for this question, which this tool does not encode — check the form, not this draft.]




---

## Appendix A: Pipeline Detail

| Project ID | QALICB Name | Project Name | Street Address | City | State | ZIP Code | Census Tract (11-digit) | NMTC Eligible (Y/N) | Distress Level | NMTC Native Area (CDE-declared, Y/N) | High Migration Rural (Y/N) | Opportunity Zone (Y/N) | Sector (as supplied) | Project Type | Total Project Cost ($) | QEI Request ($) | Total QLICI ($) | Leverage Loan ($) | Total NMTCs ($) | Estimated Investor Equity ($) | CDE Fee ($) | Construction Start | Operations Start | Closing Target Date | Jobs Created | Jobs Retained | Affordable Units Built | Square Feet |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| PRJ-D01 | Erie Shoreline Health Pavilion QALICB, LLC | Erie Shoreline Health Pavilion | 1100 Commerce Street | Erie | PA |  | 42049000300 | Y | Deep Distress | N | N | Y | Healthcare | Real Estate | $18,400,000 | $13,000,000 | $13,000,000 | $8,791,900 | $5,070,000 | $4,208,100 | $325,000 | 2099-01-28 | 2100-01-01 | 2099-01-15 | 96 | 34 | — | 74,500 |
| PRJ-D02 | Toledo Advanced Components Plant QALICB, LLC | Toledo Advanced Components Plant | 1125 Commerce Street | Toledo | OH |  | 39095002400 | Y | Severely Distressed | N | N | N | Small Business | Operating Business | $24,750,000 | $17,500,000 | $17,500,000 | $11,835,250 | $6,825,000 | $5,664,750 | $437,500 | 2099-02-28 | 2100-02-01 | 2099-02-15 | 143 | 61 | — | 210,000 |
| PRJ-D03 | Buffalo East Side Grocery Anchor QALICB, LLC | Buffalo East Side Grocery Anchor | 1150 Commerce Street | Buffalo | NY |  | 36029006702 | Y | Severely Distressed | N | N | N | Other | Operating Business | $9,300,000 | $6,600,000 | $6,600,000 | $4,463,580 | $2,574,000 | $2,136,420 | $165,000 | 2099-03-28 | 2100-03-01 | 2099-03-15 | 52 | 18 | 0 | 31,200 |
| PRJ-D04 | Flint Riverfront Mixed-Income Lofts QALICB, LLC | Flint Riverfront Mixed-Income Lofts | 1175 Commerce Street | Flint | MI |  | 26049000900 | Y | Deep Distress | N | N | Y | Affordable Housing | Real Estate | $31,200,000 | $22,000,000 | $22,000,000 | $14,878,600 | $8,580,000 | $7,121,400 | $550,000 | 2099-04-28 | 2100-04-01 | 2099-04-15 | 27 | 6 | 118 | 165,000 |
| PRJ-D05 | Youngstown Workforce Training Institute QALICB, LLC | Youngstown Workforce Training Institute | 1200 Commerce Street | Youngstown | OH |  | 39099810900 | Y | Low Income Community | N | N | N | Education | Real Estate | $12,650,000 | $8,900,000 | $8,900,000 | $6,019,070 | $3,471,000 | $2,880,930 | $222,500 | 2099-05-28 | 2100-05-01 | 2099-05-15 | 41 | 15 | — | 44,800 |
| PRJ-D06 | Saginaw Community Wellness Center QALICB, LLC | Saginaw Community Wellness Center | 1225 Commerce Street | Saginaw | MI |  | 26145000200 | Y | Severely Distressed | Y | N | N | Community Facility | Real Estate | $7,450,000 | $5,200,000 | $5,200,000 | $3,516,760 | $2,028,000 | $1,683,240 | $130,000 | 2099-06-28 | 2100-06-01 | 2099-06-15 | 33 | 11 | 24 | 28,300 |
| PRJ-D07 | Scranton Solar Manufacturing Line QALICB, LLC | Scranton Solar Manufacturing Line | 1250 Commerce Street | Scranton | PA |  | 42069100900 | Y | Deep Distress | N | Y | Y | Clean Energy | Operating Business | $15,900,000 | $11,200,000 | $11,200,000 | $7,574,560 | $4,368,000 | $3,625,440 | $280,000 | 2099-07-28 | 2100-07-01 | 2099-07-15 | 78 | 29 | — | 96,400 |
| PRJ-D08 | Rochester Main Street Small Business Fund QALICB, LLC | Rochester Main Street Small Business Fund | 1275 Commerce Street | Rochester | NY |  | 36055004400 | Y | Low Income Community | N | N | N | Small Business | Operating Business | $5,800,000 | $4,100,000 | $4,100,000 | $2,772,830 | $1,599,000 | $1,327,170 | $102,500 | 2099-08-28 | 2100-08-01 | 2099-08-15 | 62 | 24 | — | 12,700 |
| TOTALS |  | TOTAL (8 projects) |  |  |  |  |  |  |  |  |  |  |  |  | $125,450,000 | $88,500,000 | $88,500,000 | $59,852,550 | $34,515,000 | $28,647,450 | $2,212,500 |  |  |  | 532 | 198 | 142 | 662,900 |


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## Appendix B: Distress Documentation

| Project ID | Project Name | City, State | Census Tract (GEOID) | NMTC Eligible | Distress Level | Severely Distressed Flag | NMTC Native Area (CDE-declared) | High Migration Rural (HMR) | Opportunity Zone | Poverty Rate (%) | Median Family Income | Unemployment Rate (%) | Data Source | ACS Vintage |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| PRJ-D01 | Erie Shoreline Health Pavilion | Erie, PA | 42049000300 | Yes | Deep Distress | Yes | No | No | Yes | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D02 | Toledo Advanced Components Plant | Toledo, OH | 39095002400 | Yes | Severely Distressed | Yes | No | No | No | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D03 | Buffalo East Side Grocery Anchor | Buffalo, NY | 36029006702 | Yes | Severely Distressed | Yes | No | No | No | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D04 | Flint Riverfront Mixed-Income Lofts | Flint, MI | 26049000900 | Yes | Deep Distress | Yes | No | No | Yes | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D05 | Youngstown Workforce Training Institute | Youngstown, OH | 39099810900 | Yes | Low Income Community | No | No | No | No | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D06 | Saginaw Community Wellness Center | Saginaw, MI | 26145000200 | Yes | Severely Distressed | Yes | Yes | No | No | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D07 | Scranton Solar Manufacturing Line | Scranton, PA | 42069100900 | Yes | Deep Distress | Yes | No | Yes | Yes | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| PRJ-D08 | Rochester Main Street Small Business Fund | Rochester, NY | 36055004400 | Yes | Low Income Community | No | No | No | No | See ACS | See ACS | See ACS | CDFI Fund NMTC Eligibility Table (2016–2020 ACS) | 2016–2020 ACS 5-Year Estimates |
| SUMMARY | 8 total projects |  |  | 8/8 |  | 6/8 (75%) | 1/8 |  |  |  |  |  |  |  |


---

## Appendix C: Geographic Targeting

| State | Project Count | QEI ($) | QEI (% of Total) | Deep/Severe Projects | Native Area Projects (CDE-declared) | HMR Projects | OZ Projects |
| --- | --- | --- | --- | --- | --- | --- | --- |
| MI | 2 | $27,200,000 | 30.7% | 2 | 1 | 0 | 1 |
| NY | 2 | $10,700,000 | 12.1% | 1 | 0 | 0 | 0 |
| OH | 2 | $26,400,000 | 29.8% | 1 | 0 | 0 | 0 |
| PA | 2 | $24,200,000 | 27.3% | 2 | 0 | 1 | 2 |
| TOTAL | 8 | $88,500,000 | 100.0% | 6 | 1 | 1 | 3 |


---

## Appendix D: Impact Projections

| Project ID | Project Name | State | Sector | Project Type | QEI ($) | Total Project Cost ($) | Jobs Created | Jobs Retained | Total Jobs | Cost per Job ($) | QEI per Job ($) | Affordable Units | Commercial Sq Ft | Distress Level | Native Area (CDE-declared) | HMR | OZ |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| PRJ-D01 | Erie Shoreline Health Pavilion | PA | Healthcare | Real Estate | $13,000,000 | $18,400,000 | 96 | 34 | 130 | $191,667 | $135,417 | — | 74,500 | Deep Distress | No | No | Yes |
| PRJ-D02 | Toledo Advanced Components Plant | OH | Small Business | Operating Business | $17,500,000 | $24,750,000 | 143 | 61 | 204 | $173,077 | $122,378 | — | 210,000 | Severely Distressed | No | No | No |
| PRJ-D03 | Buffalo East Side Grocery Anchor | NY | Other | Operating Business | $6,600,000 | $9,300,000 | 52 | 18 | 70 | $178,846 | $126,923 | 0 | 31,200 | Severely Distressed | No | No | No |
| PRJ-D04 | Flint Riverfront Mixed-Income Lofts | MI | Affordable Housing | Real Estate | $22,000,000 | $31,200,000 | 27 | 6 | 33 | $1,155,556 | $814,815 | 118 | 165,000 | Deep Distress | No | No | Yes |
| PRJ-D05 | Youngstown Workforce Training Institute | OH | Education | Real Estate | $8,900,000 | $12,650,000 | 41 | 15 | 56 | $308,537 | $217,073 | — | 44,800 | Low Income Community | No | No | No |
| PRJ-D06 | Saginaw Community Wellness Center | MI | Community Facility | Real Estate | $5,200,000 | $7,450,000 | 33 | 11 | 44 | $225,758 | $157,576 | 24 | 28,300 | Severely Distressed | Yes | No | No |
| PRJ-D07 | Scranton Solar Manufacturing Line | PA | Clean Energy | Operating Business | $11,200,000 | $15,900,000 | 78 | 29 | 107 | $203,846 | $143,590 | — | 96,400 | Deep Distress | No | Yes | Yes |
| PRJ-D08 | Rochester Main Street Small Business Fund | NY | Small Business | Operating Business | $4,100,000 | $5,800,000 | 62 | 24 | 86 | $93,548 | $66,129 | — | 12,700 | Low Income Community | No | No | No |
| TOTALS | 8 Projects |  |  |  | $88,500,000 | $125,450,000 | 532 | 198 | 730 | $235,808 | $166,353 | 142 | 662,900 |  |  |  |  |


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## Appendix E: CDE Track Record

| Award Year | Allocation ($) | Deployment Status | States Deployed | Sectors | Notes |
| --- | --- | --- | --- | --- | --- |
| 2019 | $45,000,000 | Fully Deployed |  |  |  |
| 2021 | $60,000,000 | Fully Deployed |  |  |  |
| 2023 | $55,000,000 | Partially Deployed |  |  |  |
| TOTALS | $160,000,000 | 2 rounds fully deployed | 0 states |  | $160,000,000 total prior allocation |


---

## Methodology Note

Generated by **nmtc-application-builder v<VERSION>** on <RUNDATE>.

- Eligibility data: CDFI Fund NMTC Eligibility Table, 2016–2020 ACS 5-Year Estimates
- DEAL ECONOMICS: computed using the nmtc-calc library, standard leveraged NMTC structure. Statutory credit rate 39% of QEI over 7 years (IRC §45D(a)(2): 5% of the QEI on each of the first three credit allowance dates and 6% on each of the remaining four). Assumed credit price $0.83/credit and CDE fee 2.5% of QEI are market assumptions of this model, not CDFI Fund parameters. The leverage loan is the residual of QEI less investor equity, so leverage plus equity equals QEI in every surface of this document.
- IMPACT SCREENING BANDS: THIS TOOL'S OWN BANDS (5 / 12 / 20 FTE per $1MM QEI). The CDFI Fund publishes no jobs-per-QEI benchmark in any denominator: it reports job counts and dollar counts separately and never divides them, and it publishes no distribution, so no band here is a percentile. These are not a federal figure and must not be cited as one.
- READINESS SCORE: An UNSOURCED HOUSE HEURISTIC of this tool (eligibility 25%, distress concentration 25%, geographic diversity 15%, impact metrics 20%, validation 10%, completeness 5%). The weights are this tool's own judgement; they are not calibrated against award data, the CDFI Fund publishes no such weighting, and the score does not predict an award outcome. NMTC rounds are announced by a NOAA — Notice of Allocation Availability — and the CY 2026 NOAA is not yet published.
- Community need: NOT generated by this tool — documented by the CDE and cited to sources the CDE controls

All narrative sections marked \[NARRATIVE PLACEHOLDER\] require review and customization before submission.
