News tagged
as 'NMTC'
2013
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Tax Credits Spur Investment in Distressed Communities
Last month, the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced the New Markets Tax Credit (NMTC) authority for investments totaling $3.5 billion to community development organizations nationwide. In a recent news column for HispanicBusiness.com, LIIF was featured as one of 85 organizations that received awards in the 2012 round …
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LIIF Awarded $55 Million New Markets Tax Credit Allocation
Today, the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that the Low Income Investment Fund (LIIF) has been awarded $55 million in New Markets Tax Credit (NMTC) allocation. Nationally, the CDFI Fund awarded $3.5 billion in NMTC allocations to 85 organizations. This is LIIF’s sixth consecutive award and brings LIIF’s total NMTC…
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85 CDEs Receive NMTC Awards
LIIF was selected as one of 85 organizations nationwide to receive an allocation of New Markets Tax Credit (NMTC) from the U.S. Treasury’s Community Development Financial Institutions Fund. Selected from a pool of 282 applicants, LIIF received an allocation of $55 million, its sixth allocation award. LIIF was featured…
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Meals and Housing to Come Together in S.F.
LIIF joined house Minority Leader Nancy Pelosi, San Francisco Mayor Ed Lee and other dignitaries on January 24 as they broke ground on the new St. Anthony’s Foundation (SAF) dining room in San Francisco’s Tenderloin neighborhood. The new 40,000-square-foot dining room will enable SAF to serve more than 3,000 meals per day and expand its existing free clothing program, fresh food pantry and social work center…
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Breaking Ground On St. Anthony’s New Dining Room & Mercy Housing Senior Center
2012
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Public Charter Schools Grow Beyond ABCs with NMTCs
The December issue of the Novogradac Journal of Tax Credits features an article discussing how NMTCs are used in the charter school sector.…
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New Market Tax Credit Financing Paves the Way For a New Medical Center in Hilltop
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$3.6 Billion in NMTC Awards Announced
Affordable Housing Finance magazine covered the announcement of the latest round of New Markets Tax Credit awards from the U.S. Treasury’s Community Development Financial Institutions Fund. The article noted that LIIF was among the 70 groups to receive awards out of more than 300 applicants. This was LIIF’s fifth consecutive award.…
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LIIF Recieves $50 Million NMTC Award
The US Treasury’s Community Development Financial Institutions Fund announced that LIIF has received a $50 million award in the latest round of New Markets Tax Credits. This is LIIF’s fifth consecutive allocation from the program. NMTCs enable LIIF to attract significant capital investment from the private sector to support economic development projects in low income…
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Which is better? Giving or Investing?
LIIF’s support of St. John’s Bread & Life in New York City was featured in a thoughtful piece, “Which is better? Giving or Investing?” by Sally Boulter, Calvert’s Manager of Individual Initiatives, on the Calvert Foundation’s blog. The project, in which LIIF led a New Markets Tax Credit transaction to build a new, expanded facility…
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