Jun 13 2023

Lauderdale Community Hospital - Novogradac JTC Non-Metro QLICI of the Year Award

DV Community Investment is proud to have received the Novogradac & Company LLP Non-Metro QLICI of the Year Award, alongside CCG COMMUNITY PARTNERS LLC and Hope Enterprise Corporation, for our collective #NMTC investment in Lauderdale Community Hospital in Ripley, Tennessee.

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Jun 9 2023

NMTC Coalition Releases 2023 New Markets Tax Credit Progress Report

The NMTC Coalition has released the 2023 New Markets Tax Credit Progress Report. The Progress Report highlights the many impactful outcomes created by the New Markets Tax Credit, spotlighting the prior year's successful projects and outlining the ongoing needs faced by low-income communities throughout the United States.

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Apr 6 2023

Bill Introduced in House Calls for NMTC to Receive Permanent Extension at $5 Billion

Exciting news from the NMTC Coalition as they applaud Representatives Claudia Tenney (R-NY) and Terri Sewell (D-AL) for introducing the New Markets Tax Credit (NMTC) Extension Act of 2023. The bipartisan effort aims to provide much-needed resources to low-income and marginalized communities through the establishment of NMTC as a permanent part of the tax code. The legislation permanently extends the NMTC at $5 billion in annual credit authority…

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Mar 14 2023

CDFI Fund Releases Application Demand for CY 2022 Round of the NMTC Program

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible…

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Dec 27 2022

Turning Income Tax Payable Into Earnings

Read the latest from Jim Howard on #NMTCs and the impactful Momeni & Sons warehouse and distribution facility financed in Adairsville, Georgia. Jim Howard and Rick Kraemer will be speaking at the Bank Director’s Acquire or Be Acquired Conference in Phoenix, AZ on January 30th. New Markets Tax Credit Investment: A Unique Value Proposition Learn how some of the largest financial institutions utilize New Markets Tax Credit investments to reduce…

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Oct 28 2022

Treasury Announces $5 Billion in New Markets Tax Credit Awards

Baltimore, MD - Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking at the recently redeveloped Lexington Market, Treasurer Chief Malerba announced the selection of…

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Aug 22 2022

Crosstown Concourse celebrates 5 years since opening

MEMPHIS, Tenn. (WMC) - A rich history was preserved and revitalized 5 years ago this week. Many Memphians know the 14-story building when they drive down North Parkway and North Watkins. Crosstown Concourse is like a beacon for this part of the city. Saturday was Crosstown Concourse’s “Splashdown,” an event for parents and their kids to close out the summer with fun in the sun, bubbles too.

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Jun 10 2022

Q&A: Eastsider returns to take charge of transformational project

Juanita Easterling, 39, of Avon, shares a connection with her employees that most bosses don’t. Easterling, an Indianapolis native who has worked in manufacturing since college, now works for Goodwill of Central & Southern Indiana as the plant manager of Cook Medical’s brand-new $15 million medical manufacturing facility on the northeast side of Indianapolis. Goodwill staffs and manages the facility, which produces medical devices for Cook.

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Apr 29 2022

Despite 3 years of pandemic disruption, all graduates from this Cincinnati school are headed to college

CINCINNATI — When DePaul Cristo Rey’s students walk across the stage on May 31, all of them will have plenty to celebrate. They made it through three disruptive years of high school, transitioned through online learning, saw their work study go remote, lost out on countless hands-on opportunities, and yet through it all, every student found a way to end their high school experience the way they hoped. All 69 graduating seniors were accepted to…

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