New Markets Tax Credits help build community connections

Securely grounded in Goosefoot

July 10, 2012

Using New Markets Tax Credits, RCAC provided an $8 million loan to Bayview Community, LLC in Whidbey Island Washington. The credits were the basis of a partnership with Whidbey Island Community Bank and RCAC. The loan enabled the sponsor, Goosefoot Community Fund to make much needed improvements to a commercial center that was central to the local community, including an existing grocery store. This video documents the success of that investment and the results for the community – fresh locally produced food sold at a location that has become a community gathering place >> 

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