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.
Dec 19 2013
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.
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.
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.
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.
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.
Feb 12 2013
State Credits Help Resuscitate Rural Hospital
Methods of delivering health care services have changed dramatically since the 1960s, but many rural hospitals built during that era struggle to offer the latest treatments from dated facilities. At Neshoba County General Hospital in Philadelphia, Miss., an overcrowded emergency room and limited outpatient capacity forced approximately 70 percent of the county’s residents to travel outside Neshoba County for their health care needs. This spring, a new hospital building – one of the first to be financed by Mississippi new markets tax credits (NMTCs) – will alleviate the problem by expanding access to state- of-the-art health care for the low-income rural community.
Jan 3 2013
CDFI Fund: New Markets Tax Credit Program Update
The American Taxpayer Relief Act of 2012 included an extension of the New Markets Tax Credit Program for 2012 and 2013, allocating $3.5 billion for each year.
Dec 3 2012
NMTC Coalition 2012 Report - At Work in Communities Across America
Dudley Ventures is proud to have the following projects included in this comprehensive report prepared by Rapoza Associates for the NMTC Coalition: Maniilaq Elder Care Facility - Alaska, OASIS Orthopedic Hospital - Arizona, Mt. Poso Cogeneration Company - California, St. Bernard Parish Hospital - Louisiana, Resinall Corp - Mississippi, and Waters Place - Virginia. The New Markets Tax Credit (NMTC) Coalition is a national membership organization that advocates on behalf of the NMTC program. The Coalition is managed by Rapoza Associates, a public interest lobbying and government relations firm located in Washington, D.C. that specializes in providing comprehensive legislative and support services to community development organizations, associations and public agencies.