Archive for the ‘Community Development’ Category
written on April 24th, 2013 | by James R. Klein
The New Markets Tax Credit (NMTC) program is one of Finance Fund’s strongest resources. Today, we received the long awaited news that the U.S. Department of Treasury awarded us $40 million in NMTC. This is the eighth round of NMTC funding we have received, totaling $240 million since 2004. The NMTC funding fuels our New [...]
Tags: Finance Fund, New Markets Tax Credit, NMTC, US Treasury Department
Posted in CDFI, Community Development, Job Creation, New Markets Tax Credit | No Comments »
written on April 17th, 2013 | by James R. Klein
WASHINGTON, April 17, 2013 – The New Markets Tax Credit (NMTC) Coalition commends President Obama for his call for a permanent extension of the NMTC. By permanently extending the NMTC, President Obama would ensure that low income communities continue to receive billions in capital for new community facilities, businesses and revitalization projects while also generating a significant return on investment [...]
Tags: community revitalization, economic development, federal government, Job creation, Jose Villalobos, low income communities, New Markets Tax Credit, New Markets Tax Credit Coalition, permanent authorization, permanent extension, President Barack Obama, return on investment, unemployment, USGAO
Posted in Community Development, New Markets Tax Credit, Uncategorized | No Comments »
written on April 16th, 2013 | by Moniqua Spencer
With the advent of the Affordable Care Act, there will be a significant gap between the number of community-based health care (CHC) facilities projects planned and the projected demand for services in low-income communities. The Affordable Care Act’s goal is to serve 40 million patients – that’s double the number of people CHCs currently serve [...]
Tags: Affordable Care Act, Capital Link, Cardinal Health, Community Health Loan Fund, community-based healthcare facilities, Finance Fund Capital Corporation, LabCorp, Merck & Co, Molina Healthcare, Moniqua Spencer, Ohio Association of Community Healthcare Centers, Ohio Development Services Agency, patients, PNC Bank, providers, The Greater Cincinnati Foundation, The HealthPath Foundation of Ohio
Posted in Community Development, Finance Fund Partnerships, Healthcare, Uncategorized | No Comments »
written on March 5th, 2013 | by James R. Klein
Community development leaders from across the nation gathered at the CDFI Coalition Institute Conference in Washington, D.C. to discuss federal policy issues facing CDFIs including the impact of sequestration, the President’s FY 2014 Budget and tax reform under discussion in Congress.
Tags: automatic spending cuts, Budget Control Act, CDFI, CDFI Coalition, CDFI Coalition Institute, CDFIs, CohenReznick, Community Development, Congress, Congressional Budget Office, continuing resolution, deficit reduction, education, Federal Budget, federal policy issues, Head Start, health care, homeless, Jacob Hacker, NeighborWorks America, Paul Pierson, President's FY 2014 Budget, Rapoza, scientific research, small business loan guarantees, tax reform, unemployment benefits, veterans' benefits, Winner-take-all-politics
Posted in CDFI, Commentary, Community Development | No Comments »
written on February 13th, 2013 | by Moniqua Spencer
There were more than few howls of delight as pets and their favorite people celebrated the opening of Medina Creative Pet Play, Feb. 12, in Medina, Ohio. The full-service doggy daycare and spa is the newest employment enclave developed by Medina Creative Housing for their residents with disabilities. Finance Fund’s $100,000 economic development grant helped [...]
Tags: doggie daycare, Economic development grants, hydroponic greenhouse, job skills training, Medina County Commissioner Pat Geissman, Medina Creative Housing, Medina Creative Pet Play, people with disabilities, Supportive Employment Enclaves, therapy ranch, Trustee Ken Michael
Posted in Community Development, Finance Fund Partnerships, neighborhoods, Pre-Development Grants, Workforce | No Comments »
written on February 8th, 2013 | by James R. Klein
A $20,000 pre-development grant from Finance Fund will be used to create marketing materials that reposition Parsons Avenue and attract investment following a generation of decline. A diverse mix of stakeholders is working to revitalize the area on Columbus’ south side into a vibrant residential and commercial corridor. When neighborhood groups, government and nonprofit organizations [...]
Tags: Arch City Development, Brian Higgins, Columbus' South Side, Community Development for All People, Jim Grote, Nationwide Children's Hospital, parsons avenue, revitalization
Posted in Community Development, Finance Fund Partnerships, Job Creation, neighborhoods, Pre-Development Grants, Uncategorized | No Comments »
written on January 23rd, 2013 | by James R. Klein
Finance Fund is pleased to award $12.8 million in federal and $2.56 million in state New Market Tax Credit (NMTC) financing to Ironville to expand operations at the Toledo Port’s Midwest Terminal. PNC New Markets Investment Partners, LLC, the investor, provided an additional $2.5 million federal allocation. The new construction project is located in a [...]
Tags: commerce, Community Development, economic development, Finance Fund, James Klein, Job creation, Low Income Community, New Markets Tax Credit, NMTC, PNC, St. Lawrence Seaway, Toledo Seaport
Posted in Community Development, Job Creation, New Markets Tax Credit, Uncategorized | No Comments »
written on January 9th, 2013 | by James R. Klein
Change is never easy and organizational change doubly so. It takes a lot of time and thought – some mental “heavy lifting” – to deal with present and future needs. Positive change is about evolutionary growth and making the most of new possibilities as well as altering legacy systems and approaches. At Finance Fund, we’ve [...]
Tags: Chief Operating Officer, community development financial institution, Finance Fund, Mark Barbash, National Development Council, Ohio Department of Development, the U.S. Commerce Department, U.S. House., U.S. Senate
Posted in Community Development, Leadership and Management, Uncategorized | No Comments »
written on January 2nd, 2013 | by James R. Klein
The tax credit community can breath a sigh of relief and look forward to a better New Year with the news that President Obama signed legislation on a number of tax extender provisions including the New Markets Tax Credit. H.R. 8, the American Taxpayer Relief Act of 2012 extends NMTC for two years, allocating $3.5 [...]
Tags: American Taxpayer Relief Act, CDFI, Community Development Finance Institution, fiscal cliff, NMTC, NMTC coalition, NMTC renewal
Posted in Commentary, Community Development, Job Creation, New Markets Tax Credit | No Comments »
written on December 6th, 2012 | by Amanda Hoyt
As the “fiscal cliff” looms, it’s likely that major cuts in government programs will be part of the plan to reduce the federal budget deficit. As the nation waits to see where the cuts will fall, Finance Fund is actively making the case for reauthorization of the federal New Markets Tax Credit (NMTC) program alongside [...]
Tags: 2012 Public Affairs Pulse Survey, CDE, Community Development, community investment, fiscal cliff, New Markets Tax Credit, New Markets Tax Credit Coalition, tax credits
Posted in Commentary, Community Development, Job Creation, New Markets Tax Credit, Uncategorized, Workforce | No Comments »
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