The Pizitz wins 2018 Marvin Architects Challenge for Best Historic

The Pizitz was built in two phases between 1923 and 1925 at 19th Street and 2nd Avenue North in Birmingham, AL and operated as a department store until it closed its doors in 1988. After a number of false starts to renovate the Pizitz, design work started in October, 2012 and construction was completed in December, 2016.   Federal and State Historic Tax Credits were used to fund the project, thus the project required windows that would match the existing windows and be approved by the National Park...

New Markets Tax Credits News Briefs – May 2016

Novogradac Journal of Tax Credits Volume 7 Issue 5 Friday, 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. ...

New Markets Tax Credits News Briefs – March 2016

Novogradac Journal of Tax Credits Volume 7 Issue 3 Tuesday, March 8, 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 state-...