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New Market Tax Credits

The Reinvestment Fund Releases Annual Report

Sep. 11, 2014 12:45 pm

The Reinvestment Fund Releases Annual Report

The Reinvestment Fund (TRF) released its annual report this week outlining its financials, including a breakdown of its lending activity for fiscal year 2013. TRF is a national community development financial institution (CDFI) with local roots. It was established in Philadelphia in 1985 and remains headquartered here, despite investing in community projects across the mid-Atlantic […]
New Market Tax Credit Allocations Announced for PA

Jun. 20, 2014 12:44 pm

New Market Tax Credit Allocations Announced for PA

Drexel University’s 11th Street Health Center, financed in part by New Market Tax Credits The latest round of New Market Tax Credit allocations were announced earlier this month. Over 80 community development organizations across the country will receive a total of $3.5 billion in credits towards projects in low-income communities. Two Philadelphia-based organizations, The Reinvestment […]
Supporters of New Market Tax Credit Program Hope for Extension results

Jan. 9, 2014 1:42 pm

Supporters of New Market Tax Credit Program Hope for Extension

The Karabots Pediatric Care Center in W. Philadelphia used NMTCs to draw investment New Market Tax Credits, established by the Community Renewal Tax Relief Act of 2000, are in danger of drying up if Congress decides not to extend the federal program. Legislation was introduced to make the credit permanent, but a push to cut […]
A Mix of Funding Brings LEED Platinum Certified Housing Development to Philadelphia method

Dec. 5, 2013 1:15 pm

A Mix of Funding Brings LEED Platinum Certified Housing Development to Philadelphia

The Paseo Verde housing development – dedicated at a ribbon-cutting ceremony earlier this week – seems to have something for everyone: energy-efficient design, a transit location nearby, a health center, and a mix of low and moderate-income housing. In fact, it is the nation’s first development to be certified LEED for Neighborhood Development, or LEED-ND. Located just outside […]