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Celebrating Community Development: Novogradac's 2026 QLICIs of the Year Awards

In an event that underscores the significance of community capital investments, Novogradac has announced the recipients of the 2026 Quality Low-Income Community Investment (QLICI) of the Year Awards. This year's accolades go to sixteen Community Development Entities (CDEs) that have substantially contributed to the revitalization of low-income areas through innovative projects and programs. The awards will be presented during the Novogradac Spring New Markets Tax Credit Conference scheduled for June 4-5 in Washington, D.C.

Honoring Investment in Communities

The winners emerged from a diverse pool of nominees, receiving recognition based on various categories of new markets tax credit (NMTC) investments. Greg Clements, CPA and a partner at Novogradac, expressed pride in acknowledging these remarkable projects. He stated, "These developments symbolize the critical role of community development and the vital importance of the NMTC incentive."

Metro QLICI of the Year: Kingswood Community Center, Wilmington, Delaware

The Kingswood Community Center stands as a beacon of hope for Wilmington. Spanning over 80,600 square feet, the center will offer an array of services including an afterschool program, a children's primary healthcare center, fitness amenities, and spaces dedicated to seniors and meetings. This ambitious project received a total of $43.8 million in QLICIs accumulated from six CDEs, showcasing the collaborative effort in driving community enhancements.

Nonmetro QLICI of the Year: Benn High Redevelopment, Bennington, Vermont

In Bennington, Vermont, a transformative initiative will see the repurposing of the former high school building into a vibrant mixed-use development. This project aims to integrate childcare, recreation, senior services, and housing. The financial support of $34.2 million from three CDEs underscores its commitment to fostering community welfare and enriching lives.

Real Estate QLICI of the Year: Lotus Children's Village, Miami, Florida

Miami's Overtown neighborhood will benefit from the expansion of the Lotus House Women’s Shelter, which is set to welcome Lotus Children's Village. This new 70,000-square-foot facility will serve over 2,500 children annually with essential services designed to support their growth and development. With a total investment of $31 million through QLICIs, this initiative exemplifies the intersection of community service and investment, dedicated to improving the lives of families in need.

Small Business QLICI of the Year: Stewart Glass, Logan, Ohio

After the closure of the GE Lighting plant in Logan, Ohio, a new chapter begins with the development of Stewart Glass, a solar glass production facility. Once completed, it will not only revive the local economy but also offer over 200 jobs, focusing on employing workers affected by previous plant shutdowns. A $1.5 million QLICI served as a pivotal financial lifeline for this project, demonstrating the impactful nature of community-focused businesses.

Operating Business QLICI of the Year: The Garden, Knightdale, North Carolina

The Raleigh Rescue Mission is in the process of constructing The Garden, a crucial facility aimed at aiding 350 women and children facing homelessness. This comprehensive campus will include a six- to twelve-month structured residency and a dedicated children's learning center. Through various QLICIs amounting to nearly $47 million, The Garden represents a significant stride toward fostering stability and support for vulnerable populations in the area.

The Future of Community Development

The 2026 QLICIs of the Year Awards not only highlight the achievements of these influential CDEs but also serve as a clarion call to the importance of community development investments. Novogradac's commitment to honoring these efforts showcases the transformative power of capital when directed towards community-based initiatives. The award winners set a precedent for future developments, reminding us that with vision and collaboration, sustainable community growth is possible

These standout projects showcase the immense potential of strategic investments in uplifting communities and paving the way for future growth. For more information on the awards and further participation opportunities for next year, visit Novogradac's website.