Archive for the ‘Uncategorized’ Category

Finance Fund Statement Regarding HB 153 Proposed Cut to Ohio Housing Trust Fund

On Tuesday, the Ohio Senate released an amendment to their version of the budget bill that would take 10 percent of the Ohio Housing Trust Fund, a fund that provides housing for poor, elderly and disabled Ohioans, and funnel it to county recorders offices for ‘general purposes.’ This could mean a loss to the Trust [...]

NMTC in the News

The New Markets Tax Credits program recently received great recognition and praise in a Huffington Post article titled “A Decade Later “New Markets” Continues to Build Opportunity in an America Left Behind.” This article highlights the positive, lasting impact the NMTC program is having on neighborhoods in America. Here is an excerpt from the article: [...]

NMTC Program Named One of Top 25 in the Innovations in American Government Awards Competition

One of Finance Fund’s strongest resources, the New Markets Tax Credit Program (NMTC Program), has been named as one of the Top 25 programs that will advance to the final stages of competition for the prestigious Innovations in American Government Award. The NMTC Program was chosen from a pool of over 500 applications representing all [...]

Finance Fund featured in Columbus C.E.O.

Recently, I had the opportunity to sit down with a writer from Columbus C.E.O. and share the vision and work of Finance Fund. Last week, the article entitled Dream Weavers was featured in the magazine. The all-encompassing article captured a true snapshot of who we are and what we do. Some of the various products [...]

Mission: Complete. Finance Fund Helps Celebrate Ohio Basic Minerals’ Success

On May 27, in Jackson, Ohio, my staff and I ventured to picturesque Jackson, Ohio, located in the Appalachian foothills, to celebrate the economic development success of another fruitful partnership—Ohio Basic Minerals. Patrick McDonald, Ohio Basic Minerals CEO, and Jeff Schrader, founder of the original Schrader and Sons Sand and Gravel, spoke to the crowd [...]

US Congress Works to Ensure New Market Tax Credits (NMTC) Extension and Small Business Tax Provisions

Finance Fund utilizes the New Markets Tax Credits (NMTC) program to fund many worthy projects in some of the most distressed areas of Ohio. In fact, as shared in previous posts, we have more than $50 million in NMTC for development projects throughout the state. We’ve had several NMTC success stories in the past few [...]

Finance Fund Welcomes Ohio General Assembly leaders to special open house highlighting Ohio community development

On Wed., April 21, we proudly hosted several state legislators, community leaders and Finance Fund project partners at the Capital Club in downtown Columbus. It was an excellent opportunity to share how Finance Fund has positively impacted some of the state’s most distressed communities. We highlighted four partnership “success stories,” including Ohio Basic Minerals in [...]

Save-the-Date…again.

Finance Fund Calls for Share of T.A.R.P. Funds to Bolster Business and Revitalize Communities

On Wed., Feb. 3, Secretary of the Treasury Timothy Geithner announced that CDFI (Community Development Financial Institution) banks, thrifts and credit unions may now access funds from the Troubled Asset Relief Program (T.A.R.P.). This is part of the Obama Administration’s movement to support business lending by community development banks and development credit unions. Mark Pinsky, [...]

Finance Fund Believes in Ohio: After 23 Years, Still Charging the Path of Economic Development and Job Creation

“Never awake me when you have good news to announce, because with good news nothing presses; but when you have bad news, arouse me immediately, for then there is not an instant to be lost.” – Napoleon Bonaparte It was a busy week for our government leaders. President Obama made a stop here in the [...]