Who We Are
The Central Valley NMTC, LLC (CVNF) is a certified community development entity (CDE) that uses the federal New Markets Tax Credit (NMTC) program to foster economic development in economically distressed neighborhoods throughout the Central Valley of California. Focusing on economic, social and environmental returns, CVNF looks to finance those 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, non-profit organizations, public/private partnerships, established development companies and minority-owned enterprises.
We will 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. Our goal is to reach out to the poorest of these poor communities and join together both public and private investments – the kind of partnership that might finally bring a new future for these communities.
CVNF’s specific service areas are the eight counties that comprise California’s Central Valley – Fresno, Madera, Merced, Kings, Stanislaus, San Joaquin, Tulare, King and Kern. Special emphasis is given to projects within rural census tracts throughout the Central Valley. Although CVNF is currently focused on these counties, projects in other highly-distressed areas throughout California may be considered if it meets CVNF’s impact criteria.
CVNF targets projects with demonstrable community impact, such as quality job creation and retention, provision of 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.
California’s Central Valley is one of the poorest and unhealthiest regions in America.
The 16th Congressional District, where CVNF is headquartered, has the lowest “Human Development Index” in the nation. Even though the Valley is the #1 agricultural producing region in the county, 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% of the census tracts in our service area are designated as Medically Underserved Areas (MUA), while 57.8% are designated as Health Provider Shortage Areas (HPSA);
CVNF’s mission and business strategy is straightforward. We facilitate projects that promote health, job creation, community and environmental benefits across our region.
We accomplish this mission by providing coordinated leadership, pro-bono technical assistance, NMTC financing and long-term collaboration to organizations and projects that positively impact the social determinants of health for Low-Income Communities throughout our region.
We focus on the most highly distressed census tracts in our service area and emphasize 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.