New Markets Tax Credits News Briefs – June 2015

Journal of Tax Credits Volume 6 Issue 6 Monday, June 1, 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 submit...

New Markets Tax Credits News Briefs – April 2015

Journal of Tax Credits Volume 6 Issue 4 Wednesday, April 1, 2015   On March 5, the Community Development Financial Institutions (CDFI) Fund released a notice of public comment for its annual assessment evaluation for the CDFI Fund Bond Guarantee program. The reporting form allows CDFIs to demonstrate the ability to deploy long-term debt successfully with reporting requirements similar to those required of regulated financial institutions; to provide a mechanism for accurately assessing Ce...

Historic Department Store Gets Mixed-Use Makeover

TERESA GARCIA, SENIOR WRITER            NOVOGRADAC & COMPANY LLP   After being vacant for nearly 30 years, a former department store building is poised to help make downtown Birmingham, Ala., a thriving economic hub. The historic building was constructed in 1923 during the city’s golden age of commerce and continued to serve as the Pizitz flagship store until the company vacated the property in the 1980s. Thanks to new markets ta...