The Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards recognize community development entities (CDEs) that made exceptional qualified low-income community investments (QLICIs) in the past year.
The awards honor CDEs that exhibit a well-executed vision and measurable community impact as well as those that show a commitment to establishing positive change in bringing more people and places into the economic mainstream. Projects being honored will have funding transactions that closed in 2014 or 2015.
A QLICI is a Qualified Low-Income Community Investment which means (a) any capital or equity investment in, or loan to, any Qualified Active Low-Income Community Business; (b) the purchase from a CDE of any loan made by such entity that is a Qualified Low-Income Community Investment; (c) financial counseling and other services to businesses located in, and residents of Low-Income Communities; and (d) any equity investment in, or loan to, any CDE.
CDEs may be nominated for accomplishments in the categories listed below and may be a CDE with which the nominating entity was involved or simply one deemed deserving. A nominating entity may nominate more than one CDE.
Community Development QLICIs of the Year nominations will be judged on the following criteria that apply to each award category:
A panel of judges with wide-ranging expertise in the new markets tax credit industry will review all entries and judge the developments based on the criteria listed above.
Nominations will be accepted until June 18, 2015. Nominations submitted after that date may be considered for the subsequent award round. Novogradac & Company will attempt to reach the contact person for an incomplete nomination for further information. All submissions must be complete before a nomination will be accepted.
All nominations must include a completed nomination form, narrative statement, supplemental materials (minimum of three), and hand-signed limited release agreement.
The narrative statement should be no more than 1,000 words. This narrative should describe how the development meets one or more of the criteria listed above.
At least three supplemental materials (i.e., photos, renderings, architectural plans, marketing information sheets) should also be submitted to document the development’s qualities. Submitted photographs, renderings and other image files must be at least 300 dpi+ and at least 7.5 x 8.5 inches or larger.
A limited release agreement must be completed for each piece of supplemental material.
To submit a nomination, all materials including the nomination form, release agreement(s) and supplemental materials must be uploaded to ShareFile.
Recipients and honorable mentions of the Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards, and their development teams, will be honored during a ceremony at the Novogradac New Markets Tax Credit Conference, October 21-22, 2015, in Chicago, Ill., at the Hyatt Regency Hotel.
Award recipients receive:
Comments or questions can be directed by e-mail to firstname.lastname@example.org or by phone to Alexandra Bernard at 415-356-7627.
The Novogradac Journal of Tax Credits provides news, analysis and commentary on the affordable housing, new markets, renewable energy and historic rehabilitation tax credit industries. This comprehensive 80-page full-color monthly publication covers the low-income housing tax credit, property compliance, valuation, tax-exempt housing bonds, new markets tax credit, renewable energy tax credit, historic tax credits and HUD programs. Readers enjoy access to columns written by industry experts, Q&As on technical tax credit issues, features about tax credit developments and more, all informed by Novogradac and Company's more than 20 years of experience on the front lines of the tax credit industry.