The Novogradac Journal of Tax Credits today announced the winners of the 2018 Community Development QLICIs of the Year Awards. We are extremely proud that The Monarch Mixed-Use Redevelopment in Ogden, Utah received an award in the Real Estate category. The awards ceremony will be at the Novogradac 2018 New Markets Tax Credit Fall Conference in Austin, Texas, October 18, 2018.
Congratulations to the Good Shepherd School School on the opening of the new Agriculture Street Campus in New Orleans, Louisiana! DV Community Investment is proud to support their mission of addressing poverty at its roots, providing low-income children with the best education possible.
Memphis Business Journal - One year after its official grand opening, the transformation of Sears Concourse into a vibrant, multi-use complex still is a wonder. Despite its closure in the early 1990s, Sears Crosstown long remained a neighborhood fixture due to its behemoth size. Originally built in 1927, the building's various additions, which included catalog distribution and a retail store, brought the facility to a massive 1.5 million square feet by 1965.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 214 applications under the 2018 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 areas.
Abigail Warren, Memphis Commercial Appeal - High school freshmen walked into a new learning experience Monday at Crosstown Concourse, where Crosstown High began its first day of school with 150 students. The school had asked 200 students and some educators what they would like to see in a school. Students said they wanted more diversity and hands-on learning, according to Ginger Spickler, Crosstown High's director of strategic partnerships and projects.
Standard-Examiner, Mitch Shaw - The Montana native turned diehard Ogden loyalist is in the midst of a $14 million overhaul of the 57,000-square-foot garage immediately east of The Bigelow Hotel. The Montana native turned die hard Ogden loyalist purchased the building — vacant for more than a decade — and renamed it “The Monarch.” His plan for the structure involves a complete renovation, including new space for restaurants, retail and event space, exhibit and collaborative space, and design studios.
Savannah, Georgia - On Friday May 18, The Congress for the New Urbanism (CNU) honored Crosstown Concourse in Memphis, Tennessee with the grand prize among eleven professional and three student winners of its 17th annual Charter Awards, which recognize exemplary projects by local government, developers, architects, urban designers and others engaged in revitalizing and creating coherent cities, neighborhoods, and metropolitan regions. Winners are chosen because they not only embody and advance the principles of the Charter of the New Urbanism, but also because they make a difference in people's lives.
By Ryan Faughnder - Latino moviegoers make up a disproportionate share of the U.S. box office, boosting the ticket sales for films such as Pixar's "Coco" and Universal's "The Fate of the Furious." Yet, according to cinema owner Moctesuma Esparza, the film industry suffers from a persistent, vexing problem: a lack of movie screens in predominantly Latino neighborhoods. That disparity is where the "Selena" producer and former student activist sees an opportunity. His theater chain Maya Cinemas has spent more than a decade courting underserved moviegoers by opening cineplexes in working-class neighborhoods of Fresno, Bakersfield and other cities.
Catherine Reagor, The Republic - Metro Phoenix is becoming a hub for innovative housing developments for adults with specialized needs, and parents looking for homes for their aging children are leading the charge in building them. - Metro Phoenix is becoming a hub for innovative housing developments for adults with specialized needs, and parents looking for homes for their aging children are leading the charge in building them. DV Community Investment is proud to have been a part of First Place - Phoenix, providing residential options and opportunities for independent living to adults with autism and related needs.