San Antonio Lighthouse for the Blind Wins Novogradac Award

The Novogradac Journal of Tax Credits awarded National New Markets Fund (NNMF) the honorable mention for the 2013 Operating Business QLICI of the Year for financing the expansion of the San Antonio Lighthouse for the Blind’s new facility in San Antonio, Texas.   In 2012, NNMF made a $12.7 million NMTC investment to the San Antonio Lighthouse for the Blind to construct a 60, 000-square-foot multi-purpose facility. The new facility will provide career guidance, jobs, technology training, youth...

Michigan Renewable Carbon Closes $22 Million in Financing for New Facility

Michigan Renewable Carbon has secured $20 million in New Markets Tax Credit allocations from National New Markets Fund, LLC and $2 million from Chase to convert a building at the former Sawyer Air Force Base into a production facility that processes biomass into carbon products.   Decommissioned in 1995, the base is located in Marquette County, which is designated a “severely distressed” census tract with a poverty rate of more than 30% and an unemployment rate of 26%.   “The New...

University of Louisville Closes $20 Million in NMTC Financing for Nucleus Innovation Center

The University of Louisville Foundation has closed on $20 million in funding to help finance the first building in its downtown Nucleus Innovation Center life-sciences park.   The building, formally known as Nucleus Innovation Center — Market Street, represents the first of four planned phases for construction on the former Haymarket site in downtown Louisville. When all the phases are completed, the park is projected to have 676 permanent jobs at established and startup companies, many tied to...