novogradac

New Markets Tax Credits News Briefs – May 2016

Novogradac Journal of Tax Credits Volume 7 Issue 5 Friday, no rx May 6, 2016   The Community Development Financial Institutions (CDFI) Fund on March 10 released an updated frequently asked questions (FAQ) document for fiscal year (FY) 2016 applicants of the Capital Magnet Fund. Updated topics include affordability requirements, using the Capital Magnet Fund with other CDFI Fund programs, providing Capital Magnet Fund funds to limited liability corporations or limited partnerships and other topics. T...
novogradac

New Markets Tax Credits News Briefs – March 2016

Novogradac Journal of Tax Credits Volume 7 Issue 3 Tuesday, here March 8, ambulance 2016   National New Markets Fund LLC announced Jan. 7 the closing of $24 million in new markets tax credit (NMTC) financing for the construction of a new manufacturing plant and corporate headquarters for Prairie Dog Pet Products. In addition, JP Morgan is investing $8 million in equity. The development will be located in Abilene, Texas, and will transform an unused 100,000 square-foot industrial building into a sta...
novogradac

New Markets Tax Credits News Briefs – June 2015

Journal of Tax Credits Volume 6 Issue 6 Monday, advice June 1, site 2015   The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund released a notice of guarantee availability (NOGA), inviting qualified issuer applications and guarantee applications for the CDFI Bond Guarantee program. The NOGA serves to notify the public that parties interested in being approved as qualified issuers may submit qualified issuer applications and that qualified issuers may subm...