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2017 New Market Tax Credit Allocations in North Carolina

April 19, 2018

The U.S. Treasury Community Development Financial Institution (CDFI) Fund was created to help CDFIs promote economic revitalization throughout the United States. CDFIs are designed to expand access to capital in underserved communities and the CDFI Fund provides financial assistance and support to t … Continued

Renewed Funding Extends New Market Tax Credit Program Through 2019

July 21, 2016

The CED blog has previously written about the importance of New Market Tax Credits, and their place in the process for developing real estate transactions (a primer can be found here, and a discussion of the process for investment can be found here).  Briefly, these credits are designed to drive cap … Continued

Getting Schooled: Creative Reuse of Historic School Buildings

July 16, 2015

In the last 15 years, enrollment in urban schools in 12 cities across the United States (primarily located in the northern states and in rustbelt cities) has dropped an average of 32%, forcing a number of schools to be closed down and students transported to other areas of the city to consolidate re … Continued

New Markets Tax Credits: The Process and Key Considerations

April 9, 2015

This blog post is a follow up to the Primer on New Markets Tax Credits. This is the second in a series of posts that seek to provide detailed information on the NMTC program and process. The Process The flow chart below  illustrates the basic uses of funds during a New Markets Tax Credits (NMTC proj … Continued

Primer on New Markets Tax Credits

March 19, 2015

New Markets Tax Credits (NMTC) are mentioned in several other blog posts, but normally as part of a list of various development financing tools. This is the first in a series of posts that seek to provide detailed information on the NMTC program and process. Background The NMTC program was enacted b … Continued

Venture Capital for Community Economic Development

April 20, 2010

Tyler Mulligan is a School of Government faculty member. When we think of venture capital, we imagine business people making investments in the most innovative companies and technologies: pharmaceuticals, medical devices, computer software, and nanotech applications, to name only a few. Indeed, this … Continued