And the Winner Is…2010 New Markets Allocation Awards Feature Patterns and Surprises

By Caitlin Jones
April 11, 2011 1 min read

Tax Credit Advisor, April 2011: The $3.5 billion in 2010 New Markets Tax Credit (NMTC) allocation awards announced on February 24 by the Community Development Financial Institutions Fund (CDFI Fund) reflect some patterns and surprises.

The $3.5 billion in NMTC allocation authority was awarded to 99 community development entities (CDEs), including 20 affiliated with firms or organizations that are members of the National Housing & Rehabilitation Association (see chart for all recipients). Some 250 CDEs requested more than $23 billion of NMTC allocation in the program’s eighth funding round, which was originally expected to offer $5 billion.

Each CDE must sign and return its allocation agreement to start using its new authority.

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.