New Markets Tax Credits News Briefs – October 2012

Journal of Tax Credits Volume 3 Issue 10 Monday, October 1, 2012   National New Markets Fund LLC, a Los Angeles-based firm, has closed a $12.7 million new markets tax credit (NMTC) allocation for nonprofit organization San Antonio (Texas) Lighthouse for the Blind (SALB). Funds will help build a new 60,000-square-foot rehabilitation and manufacturing facility. After construction on the new facility is completed, SALB will hire an additional 100 full-time blind workers. Part of the funding w...

New Markets Tax Credits News Briefs – August 2012

Journal of Tax Credits Volume 3 Issue 8 Wednesday, August 1, 2012   San Antonio Food Bank (SAFB) secured $27 million in new markets tax credit (NMTC) financing to help fund a $28 million expansion. The expansion will double the food bank’s capacity and enable it to increase the amount of food provided to families in need. The project will also double the size of SAFB’s current parking for nearly 2, 000 volunteers and clients and help relocate the food bank’s five-acre farm to a more pe...

Holiday Greetings from SDS

Happy Holidays!   Greetings from the entire team at Strategic Development Solutions.  We appreciate you being part of our success and wanted to share a few brief highlights of 2012.   SDS subsidiary, National New Markets Fund, LLC (NNMF), received a $70 million federal New Markets Tax Credit allocation in 2012 and we used the funds to invest in high impact projects that benefit low-income communities across the U.S.  The projects included the Dream Center in Los Angeles, the San An...