Tax Credit Advisor Article Archives

In this issue, you will find detailed reporting on everything mentioned above from that informative day in Boston. NH&RA’s Fall Forum was the concert. This issue is the album.

“Technology Overtakes Tobacco in Winston- Salem, N.C.,” read the headline of an article by Keith Schneider in The New York Times of April 28, 2015, describing the mid-size Carolina city’s new, and still developing, Wake Forest Innovation Quarter.

Few people are better qualified to oversee the New Markets Tax Credit (NMTC) program than the current director of the Community Development Financial Institutions Fund (CDFI Fund), Annie Donovan.

Market liquidity exists when the environment is ripe for assets to be bought and sold at stable prices.

The New Markets Tax Credit Program – NMTC – created as part of the Community Renewal Tax Relief Act of 2000, aimed to partner business and government as a means to revitalize disadvantaged and economically neglected communities and increase job availability and wealth for their residents.

Knowing as I do that you are on tenterhooks to read my monthly Guru column, allow me to advise you on how your housing policy can be a centerpiece of your delivery of the vision on which you campaigned – a land of economic and social opportunity for all Americans.

After decades of broken promises, Essex Crossing is an attempt to make up for 40 years of lost time by providing a new home to some residents displaced by urban renewal.

Since the Children’s Campus of Kansas City, Kansas, opened in June 2010, it has become a national model for combining early childhood education programs with research, along with health, counseling and professional services for families.

The Better Building Challenge (BBC) has been making strides in fostering and delivering energy efficiency in a wide variety of building types around the country. You’ve likely heard of, or been involved with, projects that take advantage of the program. There are certainly benefits to participating from an owner’s perspective.

It will take some time to fully digest the results from this year’s election, but I wanted to share some initial thoughts on what this may mean for our industry.

You read it right. That’s $7,000,000,000. Seven Billion. It’s the value of the New Markets Tax Credits allocated by the Treasury Department’s Community Development Financial Institutions Fund to 120 Community Development Entities in 36 states to develop businesses and improve lives in underserved communities.

In 2010, Woodlawn, a neighborhood on Chicago’s lakeshore about eight miles south of the downtown Loop and just south of the much more-expensive Hyde Park neighborhood, was blighted by vacant lots and abandoned buildings. It had been hit especially hard by the housing crash. The foreclosure rate in the neighborhood was well-above the average for the city, or even the South Side.