Winners of the Novogradac Journal of Tax Credits Community Development qualified low-income community investments (QLICIs) of the Year Awards were honored in a ceremony Oct. 23 for attendees of the Novogradac New Markets Tax Credit (NMTC) Conference in New Orleans. A select panel of industry experts judged the nominations of community development entities (CDEs) that […]
Detroit may be the Motor City, but one of its latest projects to get the green light is a new $140 million streetcar line that project partners say is on track to be a major job creator and economic booster for the region. The project is spearheaded by M-1 RAIL, a nonprofit organization formed in […]
Federal and state NMTC financing will improve financial stability of Head Start program serving over 1,000 children PORTLAND, OR , August 25, 2014 — United States Senator Ron Wyden applauded the success of an $18 million investment in federal and state New Markets Tax Credits for Albina Head Start. The investment—a partnership with National Community Fund, […]
PORTLAND, OR, August 28,2014 — United Fund Advisors (UFA) today announced three recent investments that will support entrepreneurship, economic development and job creation in Portland, Oregon. The UFA Community Investment Fund investments in Micro Enterprise Services of Oregon (MESO), Oregon Angel Fund (OAF) and Portland Seed Fund (PSF) will help provide access to capital for small […]
PORTLAND, OR, June 6,2014 — National Community Fund I, LLC (NCF) was awarded its seventh consecutive New Markets Tax Credit (NMTC) allocation from the Community Development Financial Institutions (CDFI) Fund of the U.S. Department of Treasury. This year NCF was awarded $55 million in NMTC allocation authority. NCF is a community development entity (CDE) formed by […]
PORTLAND, OR, August 28, 2014 — United Fund Advisors (UFA) today announced that National Community Fund (NCF), an affiliate of UFA, provided $10 million in New Markets Tax Credit (NMTC) financing to Roseburg Forest Products. The influx of working capital will allow Roseburg Forest Products to install new equipment and expand its facilities in order to […]
