Tag: NMTC
Montana CDC Receives $65 Million Allocation to Fund Start Ups and Expansions
With the award, Montana CDC will continue to fund business start-ups and expansions in Montana and Idaho that create jobs and significant community impact. This is the sixth award Montana CDC has received since 2008, and it brings their cumulative tota...
A Bozeman Mainstay Will Breathe New Life into North 7th St.
Universal is a Bozeman success story. Started in the back of a car by Larry Aasheim and Dick Hart in 1971, the partners wanted to provide high quality, specialty sporting goods for Montana’s young athletes. Today, Universal has 13 locations in five s...
Congressman Fattah Announces $65 Million in New Markets Tax Credits to The Reinvestment Fund
Congressman Chaka Fattah (PA-02) announced that The Reinvestment Fund (TRF) in Philadelphia will receive $65,000,000 in New Markets Tax Credit (NMTC) awards to encourage investment in low-income neighborhoods throughout the community. The Reinvestment ...
Enterprise, Chase, United Fund Advisors invest $22.3 Million NMTC in Harrison Circle Building at...
COLUMBIA, Md. - January 19, 2010 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in affordable housing and community development, and National Community Fund I, LLC, an affiliate of United Fund Advisors, LLC, recently closed on a $22.3 million New Markets Tax Credit (NMTC) transaction.
Treasury awards LISC $115MM in NMTCs
NEW YORK, NY - November 3, 2009 - (RealEstateRama) -- The U.S. Treasury Department has awarded the Local Initiatives Support Corporation (LISC) $115 million in New Markets Tax Credit (NMTC) investment authority in the 2009 round of allocations.
French Lick Redevelopment Selected to Receive $50 Million in Allocation Authority under the New...
Washington, DC - October 30, 2009 - (RealEstateRama) -- Congressman Baron Hill is pleased to announce that French Lick Redevelopment CDE LCC has been selected to receive $50 million in allocation authority under the 2009 round of the New Markets Tax Credit (NMTC) Program administered by the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund.
