Lighthouse | Pontiac, Michigan
New Markets Tax Credits
The New Markets Tax Credit Program (NMTC) incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed areas. The Ethos team has extensive experience working with nonprofit organizations to utilize NMTC and other financing sources to develop transformative projects that provide a variety of services to communities.
American Indian Health and Family Services, Detroit, MI
Type: New Markets Tax Credits
Total Development Cost: $21,600,000
Financing: New Markets Tax Credits, Philanthropy, Government, Loan
Completion: March 2026
Detroit Horse Power, Detroit, MI
Type: New Markets Tax Credits
Total Development Cost: $12,900,000
Financing: New Markets Tax Credits, Philanthropy, Government, Loan
Completion: December 2025
Lighthouse – Campus, Pontiac, MI
Type: New Markets Tax Credits
Total Development Cost: $30,000,000
Financing: New Markets Tax Credits, Philanthropy, Government, Loan
Completion: December 2025
NSO Bell Building, Detroit, MI
Type: Permanent Supportive Housing
Number of Units: 155
Total Development Cost: $48,000,000
Financing: MSHDA 9% LIHTC, Detroit HOME, Wayne County HOME, CDBG, Historic Tax Credits, Brownfield Tax Credits, New Markets Tax Credits, Foundation and Corporate Philanthropy
Rental Subsidy: MSHDA Project Based Voucher Contract for all 155 units
Completion: November 2012