Feb 16 2012

Report Finds Very Low Historic Tax Credit Recapture Rate

According to the recently released "Historic Rehabilitation Tax Credit Recapture Survey," very low rates of recapture in Historic tax credit (HTC) transactions have been experienced. The report was commissioned by the National Trust for Historic Preservation and produced by Novogradac and Company LLP.

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Dec 6 2011

Novogradac Honors HRV for Special Achievement in Community Development

HRV is proud to announce that it has been recognized by the Novogradac Community Development Foundation (NCDF) for its vision and outstanding contributions in the field of community development. Jazz @ Walter Circle was named as an Honorable Mention in the Metro QLICI of the Year category and serves as a sterling example of how community prosperity can be achieved and strengthened through the New Markets Tax Credit program.

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Nov 13 2011

Landmark Hotel in Downtown Fayetteville Undergoes Massive Makeover as The Chancellor

A new era for an iconic Fayetteville property began after the last of the weekend guests checked out of the Cosmopolitan Hotel on Nov. 13. Their exit allowed work to begin on a massive makeover of the 15-story project at 70 N. East Ave. With a $7.1 million building permit in hand, new owners are transforming the 30-year-old high-rise into The Chancellor.

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Oct 12 2011

CDFI Fund Releases Data Related to NMTC Program Projects Financed Through 2010

The U.S. Department of the Treasury's Community Development Financial Institutions Fund released data collected on projects financed in low-income communities across the nation through 2010. The CDFI Fund requires all Community Development Entities awarded New Markets Tax Credit allocations to submit an annual report detailing how they invested Qualified Equity Investment proceeds in low-income communities.

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Aug 18 2011

South Bend Tribune : New Use Sought for Former Studebaker Building

The once-grand former headquarters of the Studebaker Corp. automobile empire is being stripped down to its original walls and floors, in preparation for future reuse.

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Jul 26 2011

House Bill Proposes 5-Year Extension of NMTC Program

The New Markets Tax Credit Extension Act of 2011 was introduced on July 26, 2011 by Pennsylvania Congressman Jim Gerlach along with five co-sponsors.

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May 17 2011

New Markets Tax Credit Extension Act of 2011 (S. 966) Introduced

The New Markets Tax Credit Extension Act of 2011 (S. 966) was introduced on May 11 by a bi-partisan group of Senators led by Senators Jay Rockefeller (D, WVA) and Olympia Snowe (R, ME). The bill is also supported by Sens. Bingaman (D, NM), Brown (R,MA), Kerry (D,MA), Leahy (D,VT) and Schumer (D,NY).

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May 11 2011

DV Community Investment Awarded $35M in 2010 NMTC Round

We are pleased to announce that DV Community Investment received its first New Markets Tax Credit allocation in the amount of $35,000,000 during the 2010 Round of NMTC program funding.

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May 2 2011

CDFI Fund Releases its 2011 NOAA

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today its 2011 Notice of Allocation Availability (NOAA) which officially opens the 2011 round of competition for $3.5 billion in tax credits under the New Markets Tax Credit Program (NMTC Program).

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