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The Marietta-Cobb New Markets Fund, Inc. was established in 2007 through a
partnership between the City of Marietta, Cobb County, the Marietta housing
Authority and the Marietta Redevelopment Corporation. The entity was
incorporated in March 2008 and has applied to the Internal Revenue Service for
501c3 nonprofit status. Marietta Cobb New markets Fund, Inc. seeks to provide
assistance to a wide range of private business enterprises in Qualifying
Low-Income Communities with funds secured through NMTC investments.
PROJECTS
The focus of Marietta-Cobb New Markets Fund, Inc. NMTC program is the financing of commercial redevelopment projects with a job creation component, while it will consider sound projects of all types in a variety of economic sectors. The organizations service area includes all qualified areas within the City of Marietta and Cobb County.
SERVICE AREAS
View Map of City of Marietta NMTC qualified areas
View Map of Cobb County NMTC qualified areas
CONTACT US
The Board of Directors and staff of the Marietta Cobb New Markets Fund, Inc. or also elected officials, appointed officials or staff of the participating organizations.
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Executive Director
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Reggie A. Taylor, Executive Director
Marietta Redevelopment Corporation
City of Marietta, Georgia
205 Lawrence Street
Marietta, GA 30060
Phone: 770-794-5529
Fax: 770-794-5655
Email:
rtaylor@mariettaga.gov
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Reggie serves as the Executive Director of the Marietta Redevelopment Corporation and the Marietta-Cobb New Markets Fund, Inc. Professionally he has over ten years of urban planning, community and economic development as well as affordable housing experience. He has served as a Public Service Administrator with the State of Illinois Department of Commerce and Economic Opportunity serving the Northern Stateline Region, the Community Development Director for the City of Freeport.
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Director
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Griffin L. Chalfant, Councilman
City of Marietta, Georgia
205 Lawrence Street
Marietta, GA 30060
Phone:770-351-7035
Fax: 770-794-5505
Email:gchalfant@mariettaga.gov
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Griffin Chalfant serves as Ward 2 Councilman for the City of Marietta. He is a voting member of the Marietta Redevelopment Corporation and chairman of the City Council Economic Development Committee. Griff is a professional homebuilder
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Director
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Michael H. Hughes, Director
Cobb County Office of Economic Development
100 Cherokee Street, Suite 450
Marietta, GA 30060
Phone: 770-528-1510
Fax: 770-528-2636
Email: mhughes@cobbcounty.org
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Michael Hughes is the Director of Cobb County’s Office of Economic Development.
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Director
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Floyd Northcutt, Sr.
Marietta Redevelopment Corporation
Phone: 770-426-1004
Email:
floydnorthcutt06@comcast.net
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Floyd Northcutt is a member of the Marietta Redevelopment Corporation and former member of the Marietta City Council. Floyd is a professional Real Estate broker.
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Director
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Pete C. Waldrep
Marietta Housing Authority
95 Cole Street
Marietta, GA 30060
Phone: 770-419-3200 Ext. 236
Email: pwaldrep@mariettahousingauthority.org |
Pete Waldrep is the Director of Development for the Marietta Housing Authority and former member of the Marietta City Council.
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Mechanisms
The Marietta Redevelopment Corporation seeks to facilitate redevelopment through partnerships and community development finance strategies. The MRC redevelopment strategy relies on access to revolving acquisitions funds, Community Development Block grants, tax exempt bond financing and tax credits.
Commercial Development
»New Market Tax Credits
Residential Development
»Housing Tax Credits
Industrial Development
»Industrial Development Bonds
Downtown Development
»Downtown Marietta Development Authority
Infrastructure Development
»Tax Increment Financing
»Build America Bonds
In the News
The Marietta Redevelopment Corporation and other City of Marietta agencies have successfully facilitated the financing of infrastructure and community development activities through a variety of funding sources including tax increment financing, industrial revenue bonds, general obligation bonds and low income housing tax credits.
»Redevelopment Corporation staff graduate state economic development academy - 11/19/2009
»City Hall searching for economic stimulus funding - 5/1/2009
»Council, Mayor appoint members to two boards - 4/16/2009
»Marietta making plans for $785,500 stimulus funds - 4/1/2009
»State awards Housing Authority $8.3 million in credits to renovate Dorsey Manor - 10/13/2008
»Cobb County: Rebuilding Cobb - January 2008
Suburban outposts move to reclaim the city center
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