Jun 5 2014

CDFI Fund Awards $3.5 Billion in NMTC Allocation

The Community Development Financial Institutions Fund has announced the 87 Community Development Entities who were selected to receive New Markets Tax Credit allocations under the calendar year 2013 round. The New Markets Tax Credit allocations awarded totaled $3.5 billion in tax equity.

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Jun 1 2014

Stakeholders Say Scarce Renewable Energy Tax Equity Spurs Innovative Financing

Expiration of the renewable energy production tax credit (PTC) at the end of 2013 and the anticipated step-down of the investment tax credit (ITC) from 30 percent to 10 percent after 2016 have set the stage for interesting changes in the renewable energy market, even while the fight to secure the future of these government incentives in discussions of potential tax reform remains in the national spotlight.

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Jan 3 2014

Roswell Park Cancer Institute - NMTCs Close Funding Gap on Cancer Center Expansion

A collective $30.5 million in federal New Markets Tax Credits from four Community Development Entities is helping to build a new 142,000-square-foot Clinical Sciences Center for Roswell Park Cancer Institute in Buffalo, N.Y. The $47 million project broke ground last spring and is one of several recent expansions to the Buffalo Niagara Medical Campus, a consortium of medical, research and educational institutions.

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Dec 19 2013

Tax Credit Advisor: Making a Difference - New Markets Tax Credit Projects Boost Low-Income Neighborhoods

A look at how New Markets Tax Credits are making positive impacts in communities nationwide.

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Nov 12 2013

Roswell Park Utilizes $30.5 Million in Federal Tax Credit Allocation for Major Clinical Expansion

Thanks to a coordinated effort involving many partners, Roswell Park Cancer Institute has secured more than $6 million in additional funds toward construction of its Clinical Sciences Center, a 142,000 square foot facility to be used for patient care, research and survivor support services.

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Sep 22 2013

South Bend Tribune - Reviving a Studebaker Building

Nearly 50 years have passed since Studebaker shut down in South Bend, but the automaker's name still looms large here. It has been vacant for the past eight years, but the building's owner is optimistic about finding a new purpose for it.

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Jun 10 2013

A Community Impact Film: New Orleans Military and Maritime Academy (NOMMA)

SECDE Ventures, LLC is proud to make available a short film in relation to the 2012 New Markets Tax Credits transaction, NOMMA. SECDE is a co-allocatee with DV Community Investments, LLC (Dudley Ventures, LLC) for the NOMMA project.

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Apr 24 2013

Tenth Round of New Markets Tax Credit Awards Announced

$3.5 Billion in New Markets Tax Credit (NMTC) Program Awards were announced by the Treasury's Community Development Financial Institutions Fund. 85 community development entities will receive New Markets Tax Credit allocations after being chosen from a total of 282 applicants.

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Mar 29 2013

Phoenix Business Journal - Preservation is Essential to Maintaining Cultural Identity

Arizona is widely considered rather amateurish when it comes to historic preservation. As a comparatively young state, Arizona's collection of historically significant buildings is modest, which is why demolition of several notable buildings during the past decade has ignited controversies and subsequently raised awareness of historic preservation.

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