written on October 30th, 2009 | by James R. Klein
This is a pretty important day in the history of Finance Fund. We learned this morning that we have been awarded $50 million in New Markets Tax Credits from the CDFI Fund in the U.S. Department of Treasury. The funding will be used to offer low-interest financing for projects that revitalize both urban and rural low-income [...]
Tags: CDFI, CDFI Coalition, Community Development Entities, Community Development Finance Institution, Congress, Finance Fund, James Klein, Jobs, Low Income Community, New Markets Tax Credit, NMTC, State of Ohio, stimulus, tax credits, US GAO, US Treasury Department
Posted in CDFI, Community Development, New Markets Tax Credit | 2 Comments »
written on October 22nd, 2009 | by Jennifer Deuber
Last week we were in Washington D.C. to attend several meetings and to rally support for two bills currently in the House and Senate.
HR 2628 is a 5-year extension of the New Market Tax Credit program. Last year, through our efforts, we were able to get 11 out of 18 representatives and both senators to [...]
Posted in Uncategorized | No Comments »
written on October 21st, 2009 | by James R. Klein
Driving through many neighborhoods across the state of Ohio is more like driving through ghost towns. Vacant, abandoned properties litter the once-thriving communities, reminding passers-by of the crisis facing us all and the disparity of resource allocation in our country. As the Wall Street Journal recently reported, more than 1.5 million properties received a foreclosure [...]
Tags: economic challenges, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, neighborhoods, New Markets Tax Credit, Ohio Department of Development, State of Ohio, stimulus
Posted in Community Development | 1 Comment »
written on October 10th, 2009 | by James R. Klein
This article appeared in the October 2009 edition of Smart Business News.
James R. Klein is a firm believer that every CEO needs a “Radar O’Reilly,” just like the one Col. Potter had on the old TV series, “M*A*S*H.” Radar was always there to deflect some of the less important obligations to allow his boss to [...]
Tags: Finance Fund, James Klein, Smart Business News
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written on October 5th, 2009 | by James R. Klein
I like to dress up. It’s very seldom that I don’t wear a coat and tie, which I believe is a piece of my past that continually pokes it head through my frame of reference. My maternal grandfather was English and a proper bloke. He came to the States at seventeen years old and never [...]
Tags: Columbus Dispatch, Community, Community Development Entities, Development, Finance Fund, James Klein, neighborhoods, village
Posted in Community Development | No Comments »