This transaction is the first of its kind in the State of Nevada and will generate approximately 125 jobs in this low-income, tribal community.
$10 Million of Federal NMTC Allocation
$2 Million of NV State NMTC Allocation
$5.6 Million Loan
Washoe Tribe of Nevada and California
The development of the Washoe Travel Plaza on Native American reservation land will produced a sustainable source of revenue for this Nevada and California tribe.
Clearinghouse CDFI provided key financial resources to the project, including: $10 million of Federal NMTC allocation, $2 million of Nevada State NMTC allocation, and a $5.6 million loan to the Washoe Tribe.
Named QLICI of the Year by Novogradac & Company: