An urban agriculture campus that will help build economic development and manufacturing that will improve the quality of life for residents in Auburn Gresham and the surrounding communities launched recently.
SAN ANTONIO — San Antonio is getting hundreds of new affordable homes. City Council approved four new projects to increase options across the city. They are spread out in different parts of the city; in districts two, three, four and five. In all, the four projects will mean more than 700 affordable homes for families who qualify.
We are pleased to share our 2023 activities as a CDE under the CDFI Fund’s #NMTC Program. Last year, our projects served over 30,000 low-income individuals residing in distressed communities. We look forward to continuing to make the NMTC Program the most effective tool for creating quality jobs, and bringing community services, healthcare, education, and needed development capital to impoverished communities across America.
COHOCTON, NY - State and local leaders cut the ribbon on a new renewable energy facility at Lent Hill Dairy Farm in Steuben County. The new plant will make clean power from cow manure and discarded food waste from nearby cheese and yogurt-making plants. The manure and food scraps will be anaerobically digested to create biogas, then converted to electricity in a high-efficiency generator at the Lent Hill farm and added to the NYSEG grid.
The New Markets Tax Credit helps provide jobs, economic development and food security, says Dr. Chris Freeman, CFO of Bongards Creameries. He says it should be a permanent federal policy.
Brownsville Mayor John Cowen held his first state of the city address yesterday and highlighted the Rich Products Corporation facility expansion which will create more than 130 new jobs. The expansion was financed with $17.5M in NMTC allocation from National New Markets Fund & $8M in NMTC allocation from DV Community Investment.
Dudley Ventures / Valley Bank is honored to have served as the NMTC investor for the recent $21 million closing by Housing Partnership Network.
Join us in Miami Beach for our 24th Annual New Markets Tax Credit Summit on May 12-14, 2025. The Summit has become a not-to-be missed event for anyone involved with the NMTC program and the communities it serves. Connect with fellow NMTC industry participants and advocates, as well as members of CohnReznick's New Markets Tax Credit Practice, for this industry-leading educational and networking event to discuss the latest on tax reform, ideas, opportunities, and challenges for the NMTC program. Dudley Ventures is a proud Platinum Sponsor of this event.
PERHAM, MINNESOTA – National New Markets Fund, LLC (“NNMF”), an affiliate of Los Angeles-based SDS Capital Group, has invested $17.5 million of its New Markets Tax Credit “(NMTC”) allocation into Chanhassen, MN-based Bongards Creameries (“Bongards”). Bongards is a farmer-owned co-op that relies on its 267 member farms (98% family farms) to provide milk for its cheese and whey products. As a result of the investment, Bongards’ milk intake capacity will increase by almost 1/3, from 4.1 million pounds per day to 5.4 million pounds per day.