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 February 18th, 2009 | by James R. Klein
To get an Ohio NMTC program started there needs to be a united and concentrated effort on the part of the Strickland administration and General Assembly.
Tags: Congress, Governor Strickland, New Markets Tax Credit, Ohio General Assembly, US GAO
Posted in New Markets Tax Credit | No Comments »
written on February 15th, 2009 | by James R. Klein
New Markets Tax Credit is a valuable tool for directing investment into distressed communities.
Tags: Congress, Governor Strickland, New Markets Tax Credit, Ohio General Assembly, US GAO
Posted in New Markets Tax Credit | No Comments »
written on February 12th, 2009 | by James R. Klein
New Markets Tax Credits (NMTC) was designed to stimulate investments in commercial real estate and business ventures located in low income urban and rural areas.
Tags: CDE, CDFI, Community Development Entities, Community Development Finance Institution, Community Renewal Tax Relief Act, Congress, Governor Strickland, LIC, Low Income Community, New Markets Tax Credit, Ohio General Assembly, US GAO, US Treasury Department
Posted in New Markets Tax Credit | No Comments »
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