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.

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.