Newsletters
NMTC Monthly Report Archives
Novogradac & Company LLP publishes the NMTC Monthly Report, a monthly newsletter on the new markets tax credit industry. The following is a list of articles published in the NMTC Report for 2003. If you are interested in receiving a copy of any of these articles, please fill out an Online Form or contact Jane Zastrow at 415.356.8034 or e-mail jane.zastrow@novoco.com. You can also mail your request to the NMTC Monthly Report, Novogradac & Company LLP, 246 First Street, Fifth Floor, San Francisco, CA 94105. Back issues can be sent by mail or e-mail and and individual articles can be sent by fax or e-mail.
Rates:
$15/single article
$25/single issue
December 2003
New Markets Tax Credits in Action — With an Historic Flavor
By Donald S. Holm III and Erica Stewart, National Trust for Historic Preservation
GAO Reports on Barriers to Securitizing Community Economic Development Loans
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Industry Association to Rate $8 Billion in CDFI Investments
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
CDFIs Role in Post-September 11th Manhattan
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Community Investment Intelligence System (CIIS)
By Diana R. Letsinger, CPA, Novogradac & Company LLP
Year 7 Loan Repayment Details Clarified
By Owen P. Gray, CPA, Novogradac & Company LLP
November 2003
Fewer Total Applications Request More NMTC Authority
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Can Tier 2 Cities Compete in the NMTC Program? It's Happening in Memphis!
By James F. Mingey, National Economic Opportunity Fund
Census Bureau, USDA Update Poverty Data
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
HUD Awards Rural Housing and Economic Development Grants
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Pennsylvania Agency Offers $750K to Combine with NMTCs, Other Funds
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
HUD Examines Economic Development Lending
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Selling QEI Investments to NMTC Investors
By Owen P. Gray, CPA, Novogradac & Company LLP
October 2003
Opportunities and Issues in Combining NMTCs and Historic Credits
By Ruth Sparrow, Garvey Schubert Barer
FIN 46 and the NMTC Industry
By Bentley Stanton, CPA, CMA, and Diana R. Berumen, CPA, Novogradac & Company LLP
IRS Outlines Three-Tiered Structure in Notice 2003-64
By Diana R. Berumen, CPA, Novogradac & Company LLP
$15 Million for the Only Housing Authority to Win First-Round NMTC Allocation
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Tax-Exempt Bonds As QLICIs
By Owen P. Gray, CPA, Novogradac & Company LLP
September 2003
The Meaning of ‘Control’ in New Markets Tax Credits: Is 33 Percent the Magic Number?
By Karen Williams, Lane Powell Spears Lubersky LLP
COMMENTARY: Interpretation of ‘Unrelated’ under §45D Impedes Equity Investments By CDEs
By Scott A. Lindquist, Sonnenschein Nath & Rosenthal LLP
The National Trust Investment Strategy - Giving the New Markets Tax Credit An Historic Flavor
By Donald S. Holm III, Esq., National Trust for Historic Preservation
Tracy's Theorems on Leveraging
By Thomas G. Tracy, Hunter Chase & Company
Eagle-Eyed Investing: CDEs Must Monitor Investment Activities Closely
By Diana R. Berumen, Novogradac & Company LLP
August 2003
Default, Remedies and Legal Opinion Requirements of the Draft Allocation Agreement Present Practical Issues (Part two of two)
By Kristin A. DeKuiper, Esq., Holland & Knight LLP
Staying Ahead of the Learning Curve: CDE Awarded Credits to Fund Charter Schools in L.A.
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Private Equity Funds: A Marriage of Social, Financial Returns (EVENT PREVIEW)
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Addressing Accountability: How to Choose Low-Income Representatives for a CDE
By Diana R. Berumen, Novogradac & Company LLP
July 2003
Default, Remedies and Legal Opinion Requirements of the Draft Allocation Agreement Present Practical Issues (Part one of two)
By Kristin A. DeKuiper, Esq., Holland & Knight LLP
CDFI Industry's Superior Track Record Should be Recognized, Rewarded in Future Allocation Rounds (COMMENTARY)
By Jennifer A. Vasiloff, Coalition of Community Development Financial Institutions
The NMTC Allocation Agreement and CDFI Fund Compliance
By Tonya Phongsavanh, Novogradac & Company LLP
New Markets Growing Pains (COMMENTARY)
By Martin Bershtein, New Jersey Housing & Mortgage Finance Agency
New Markets Tax Credit Pricing: Expectations Vary
By Owen P. Gray, CPA, Novogradac & Company LLP
June 2003
Evaluating NMTC Opportunities for Smaller Development Organizations and CDFIs
By Greg Morishige, Managing Director, Shorebank Advisory Services
First Round Allocatee to Utilize Not-for-Profit Expertise to Maximize NMTCs
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Divide and Conquer: KHC to Divvy NMTCs Between Residential, Commercial Interests
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Community Development Venture Capital Alliance Advocates for the Continuation of the New Markets Venture Capital Program
By Kerwin Tesdell and Charity Shumway, Community Development Venture Capital Alliance
A Business Without A Single Employee - Can It Be a QALICB?
By Owen P. Gray, CPA, Novogradac & Company LLP
May 2003
U.S.-Mexico Border Communities To Benefit from NMTC Allocation
By Alex Ruiz, Staff Writer,, Novogradac & Company LLP
Combining NMTCs and Other Incentives to get Tough Deals Done
By Craig Greenberg, Frost Brown Todd LLC
Snowe Proposes Changes to SBIC Rules, Potential Impact on CDEs
By Alex Ruiz, Staff Writer,, Novogradac & Company LLP
Individuals and the NMTC: Some Limitations
By Owen P. Gray, CPA, Novogradac & Company LLP
April 2003
New Markets Tax Credits Allocated, Finally
By Diana R. Berumen, Novogradac & Company LLP
Bill Introduced to Increase NMTC by $1 Billion in 2003, 2004
By Alex Ruiz, Staff Writer,, Novogradac & Company LLP
Reconciling the Different Interests of Equity Investors and Lenders in NMTC Investment Funds
Part 2 of 2
By Kristin A. DeKuiper, Esq., Holland & Knight LLP
Demand for NMTCs Calls for Combining 2003-2004 Allocations
By Michael J. Novogradac, CPA, Novogradac & Company LLP
No Award? Opportunities Still Exist!
By Owen P. Gray, CPA, Novogradac & Company LLP
March 2003
NMTC Draft Allocation Agreement Causes Industry Concern
By Owen P Gray, CPA, Novogradac & Company LLP
Reconciling the Different Interests of Equity Investors and Lenders in NMTC Investment Funds
Part 1 of 2
By Kristin A. DeKuiper, Esq., Holland & Knight LLP
Understanding The Investor
By Diana Berumen, CPA, Novogradac & Company LLP
Dividend Exclusion Proposal Could Impact NMTC Market
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
An Investment LLC, A Non-Recourse Loan and An Equity Investment - A Workable Arrangement
By Owen P. Gray, CPA, Novogradac & Company LLP
February 2003
Using the New Markets Tax Credit to Finance Affordable Housing - It Is Doable
By John H. Gadon, Lane Powell Spears Lubersky LLP
Additional Permissible Uses for Banks Undre Part 24 Include New Markets Tax Credits and Community Development Investments
By Thomas G. Tracy, Hunter Chase & Company
What It Take to Sell NMTC Loans to Another CDE
By Michel Blumfield and Mary Tingerthal, Community Reinvestment Fund
Using the New Markets Tax Credit Program for Venture Capital
By Steven M. Dauphin and Edwin Ogden Rogers, Republic Redevelopment Fund
2000 Census Data Available for NMTC Purposes
By Owen P. Gray, CPA, Novogradac & Company LLP
January 2003
Improving the New Markets Tax Credit Program for Venture Capital
By Philip Bylund, Community Development Venture Capital Association
Commentary: Investor Fatigue: NMTC Program Uncertainties Slowing Down Activity
By Thomas G. Tracy, Hunter Chase & Company
Satisfying the ‘Reasonable Expectation’ Test For Investment in QALICBs
By Kristin DeKuiper, Holland & Knight LLP
NMTC Investments in Renewal Communities - A Wise Choice
By Donald S. Holm III, Holm Law Firm, PLLC
Industry Suggests Additional NMTC Allocation for Stimulus Package
By Michael J. Novogradac, CPA, Novogradac & Company LLP
Considering the Alternatives in ‘Warehouse’ Loans
By Owen P. Gray, CPA, Novogradac & Company LLP