The project is the ongoing construction of Chatham Lofts, a new, market-rate residential apartment community located at 6 Chatham Street, Worcester, MA. The project has received preliminary approval for listing on the National Register of Historic Places from the National Park Service and has qualified for both federal and state historic tax credits. The project is also being financed through the Developer's Opportunity Zone fund program.

The per-capita multiplier to set a state's 9 percent low-income housing tax credit (LIHTC) cap for 2021 will remain the same as 2020, while the private activity bond (PAB) multiplier will increase by $5 per capita, according to Revenue Procedure 2020-45, published today by the Internal Revenue Service.

The first phase of Westside Investment Partners' master plan that will transform the historic Loretto Heights campus into a vibrant new community is now underway. The project will be financed with a $3.3 million cash flow loan toward the restoration. Additional financing includes 4 percent Federal low-income housing tax credits (LIHTCs), Private Activity Bonds and Federal and State historic tax credits.

Although funds from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), cannot stave off eviction from tenants in certain cases, living in an apartment complex that was a recipient of Low Income Housing Tax Credits (LIHTC) has a different meaning. Since LIHTC projects are governed by the CARES Act, tenants cannot be evicted for nonpayment of rent during the month in question.

CDFA has released the first publication of the CDFA Charter Schools Financing Initiative series, funded with support from the National Alliance For Public Charter Schools. This paper demonstrates how charter schools can access development finance tools and provides real-world examples of how these tools resources have been successfully implemented across the nation.

The Minnesota Historic Structure Rehabilitation Tax Credit will expire at the end of June unless legislative action is taken to renew the 20% tax credit. However, officials' concerns are lessened by the fact that the Federal Historic Tax Credit is not expiring and that TIF and OZ's can still continue to be used.

The 47-unit project by Over-the-Rhine Community Housing and nonprofit Community Matters, called LPH Thrives, would include 10 renovated buildings and a new building, as well as mixed-use space. The effort has garnered more than $10M in investment via Low Income Housing Tax Credits and Historic Preservation Tax Credits.

The CDFI Fund released the Notice of Allocation Availability (NOAA) for the calendar year 2020 round of the New Markets Tax Credit Program. The NOAA makes up to $5.0 billion in tax credit allocation authority available for the CY 2020 round, an increase of $1.5 billion more than the $3.5 billion in NMTCs initially authorized for allocation in CY 2019.

Reframe, Build, Plan: Restoring America's Local Food Systems
Thursday, October 29, 2020 - 1:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Financing Resilient Infrastructure
Tuesday, November 17, 2020 - 1:00 PM Eastern

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During this installment of the CDFA-PFM Capital Markets Webinar Series, project finance experts and issuers discussed the viability of how private activity bond deals can fit into complex capital stacks.

During this installment of the CDFA-PFM Capital Markets Webinar Series, project finance experts and issuers discussed the viability of how private activity bond deals can fit into complex capital stacks.

CDFA's first publication of the CDFA Charter Schools Financing Initiative series, funded with support from the National Alliance For Public Charter Schools. This paper demonstrates how charter schools can access development finance tools and public finance and provides real-world examples of how these tools have been successfully implemented.

This is the sixth and final white paper in a series examining the potential creation of a food systems asset class that supports the market growth of local and regional food systems. This paper presents three replicable strategies for restoring local food systems: reframe food systems development as infrastructure and economic development; build effective relationships and partnerships across the entire food system; and plan for strategic food system financing.

More than 30 USDA grant and loan programs provide support and assistance for local and urban food producers and producer groups. These grant and loan programs may be grouped into several broad program categories, including marketing and promotion; business assistance and agricultural research; rural and community development; urban and indoor production; nutrition and education; and farmland conservation.

>>> MORE TAX CREDIT RESOURCES