CDFI Fund Opens CY 2019 Round of New Markets Tax Credit Program
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2019 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2019 round.
With NMTC From MoFi and Western Security Bank, Plans Are Underway for a New $6.1 Million Facility in Billings, MO
For more than 100 years, Billings Family Service has been the only organization standing between many low-income families and hunger, cold, and homelessness. The nonprofit provides critical resources like food boxes, low/no cost clothing, utilities assistance, and job training to at-risk families and homebound seniors across Yellowstone County.
NMTC Expands American Steel Manufacturer to Increase Local Steel Production and Create Jobs
Charter Manufacturing Company, Inc., a leading North American manufacturer and supplier of carbon and alloy steel bar, rod and wire products, has served a wide variety of customers in the automotive, heavy truck, rail, construction, mining, agriculture, furniture and energy markets for over 81 years. In order to remain competitive in the U.S. steel industry and offset the effects of foreign competition, this family-owned steel company resolved to expand its Cuyahoga Heights, Ohio facility.
25 Years of Championing Successful Community Development
Twenty-five years ago this week, the Riegle Community Development and Regulatory Improvement Act of 1994, championed by former Sen. Don Riegle (D-Mich.), established the CDFI fund to encourage small businesses, affordable housing, the availability of commercial real estate, and human development. The legislation improved the supply of capital, credit, private investment, and development services in low-income areas.
PA Tax Credit Available for On-Farm Conservation
REAP is a Pennsylvania tax credit program for agricultural producers who implement best management practices or purchase equipment that reduces the amount of nutrient and sediment runoff and improves the quality of Pennsylvania's waters. Pennsylvania Agriculture Secretary announced the availability of $13 million in Pennsylvania tax credits for on-farm conservation efforts.
Bill For Preservation Of Historic Buildings Passes CA Senate
SB 451 was approved Wednesday by the state Senate by a 40-0 vote after sailing through the Assembly on a 77-0 vote on Tuesday. Gov. Gavin Newsom has until Oct. 13 to sign the bill, which would offer a tax credit of 20-25% to cover rehabilitation costs if the historic structure or building meets certain criteria like the inclusion of affordable housing or if it is part of a military base reuse authority.
IL Historic Preservation Tax Credit Program Encouraging New Efforts at Bringing Historic Buildings Back to Life
The Illinois Department of Natural Resources (IDNR) this week announced the first recipients for a new statewide historic preservation income tax credit program encouraging private investment to rehabilitate historic properties in Illinois. The Illinois Historic Preservation Tax Credit Program is available to owners of historic structures who undertake certified rehabilitations making them eligible for a tax credit of up to $3 million per project based on a percentage of their rehabilitation costs.
MoFi Invests in Grocery Supplier/Distributor in Caldwell, ID
A member of the Jackson Food Stores family, Capitol Distributing is a grocery supplier/distributor to convenience stores across the Rocky Mountain West. The company sources, inventories, and delivers over 8,000 products to convenience store retailers. The company also provides services to its customers, including merchandising, laundry and technology solutions.
|
CDFA // BNY Mellon Development Finance Webcast Series: Analysis of the 2018 CDFA Volume Cap Report and Capital Markets Review
Tuesday, October 15, 2019 - 1:00 PM Eastern
The annual CDFA Volume Cap report is an essential outline of national private activity bond issuance trends and is used by issuers, researchers, trade groups, and political offices to understand the private activity bond landscape. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will examine the recently released Volume Cap Report in fine detail as well as discuss the fourth-quarter outlook of the capital markets.
Georgia Opportunity Zones: Driving Peach State Investment (2019)
October 10, 2019 - Atlanta, GA
Join the Georgia Opportunity Zones: Driving Peach State Investment conference, in partnership with GEDA, on October 10, 2019 for a special one-day conference hosted at the offices of Seyfarth Shaw LLP in Atlanta. This event will feature a number of economic development finance experts from around the state discussing Opportunity Zones and the development finance tools, authorities, resources and approaches, and how these can affect the Georgia economy going forward.
|