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-...

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...