Below, find recent stories related to the New Markets Tax Credit.
Architectural historian Jeff Darbee visits the newly developed Trolley District featuring the East Market food hall on the east side of Columbus, which utilizes six vacant buildings previously used by the Columbus' electric trolley
Columbus, OH
- Related Project: Trolley District Project
- CDEs: Finance Fund
- Categories: Arts, Community, Historic Rehabilitation
Colorado Enterprise Fund (CEF) is pleased to announce its latest New Market Tax Credit project in Clifton, CO to help provide desperately needed childcare and early childhood education (ECE) services to the Mesa County area.
Clifton, CO
The fund has already closed and progress has begun at 13 projects in seven states, including California, Colorado, Georgia, Michigan, New York, Pennsylvania and Ohio.
- CDEs: PNC
The letter calls for including all the provisions of H.R. 1321, the New Markets Tax Credit Extension Act of 2021 - a permanent authorization of NMTC at $5 billion, with inflation adjustments and an exception from the Alternative Minimum Tax for NMTC investments - in any end of the year tax bill.
“We are truly honored to have been selected by VyStar to help make a bigger community impact for the people of Florida and Georgia who need it most,” said Chris Vukas, Director of NMTCs, Sunflower Development Group, LLC. “Their enthusiasm for community is contagious and securing additional federal resources will create new opportunities where the market-driven economy doesn’t work for low-income people and places.”