The Community Development Financial Institutions Fund announced the 76 Community Development Entities who were selected to receive New Markets Tax Credit allocations under the calendar year 2014 round. The New Markets Tax Credit allocations awarded totaled $3.5 billion in tax equity. Please download the PDF to the left to read the full article
Schools, sports arenas and apartment buildings have sprouted in recent years in this troubled city as part of efforts to revitalize it. Now, it’s kale’s turn to take root in a most unusual spot.
The recurring drama of short-term extensions has become all too familiar for New Markets Tax Credit (NMTC) program participants. By the time Congress reauthorized the NMTC program in December 2014, at $3.5 billion for its 2014 round, the Community Development Financial Institutions (CDFI) Fund already had a pool of 263 applicants requesting an aggregate $19.9 billion in NMTC allocation authority.
NEWARK, N.J., March 9, 2015 /PRNewswire/ - RBH Group and its investment partners, Goldman Sachs Urban Investment Group, Prudential Financial Inc., and AeroFarms, together with the City of Newark and the New Jersey Economic Development Authority (NJEDA), announce the closing of a $30 million project to redevelop a former industrial site in the Ironbound community of Newark, NJ into the world's largest indoor vertical farm and global corporate headquarters for AeroFarms.
$26.5 Million Development in Brooklyn, New York Will Provide 87 Brand New Homes for Low-Income Families including 26 Units for U.S. Veterans
L+M Development Partners in partnership with Bell Urban LLC and the City’s Department of Housing Preservation and Development (HPD), Housing Development Corporation (HDC) along with the U.S. Department of Veterans Affairs (VA) and partners, today announced the opening of Utica Place, a mixed-used project in Crown Heights, Brooklyn. The new development consists of two buildings: a 12-story affordable rental building and a four-story commercial building that includes community facility space and a daycare center.
The Novogradac Journal of Tax Credits hosted the Community Development QLICI of the Year Awards Ceremony at the Novogradac New Markets Tax Credits Conference in New Orleans, Louisiana. DV Community Investment, alongside Goldman Sachs and the Low Income Investment Fund, proudly accepted the Metro QLICI of the Year Award for the Broadway Marketplace project in New York, New York.
The Novogradac Journal of Tax Credits announced the winners of the 2014 Community Development Awards, which recognize exceptional achievement in community development using the new markets tax credit (NMTC). Winning investments and their development teams will be honored in a ceremony at the Novogradac New Markets Tax Credit Conference, October 23-24, 2014. DVCI is proud to have received the Metro QLICI of the Year Award for the highly impactful Broadway Marketplace at the George Washington Bridge Project.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released data collected on New Markets Tax Credit investments across the nation through fiscal year 2012.