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 2005. 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 2005
Final Allocation Agreement Template for 2005 Awards Available
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Media Relations: Communicating the Value of NMTCs
By Madeline Turnock, APR, KinetiComm
NMTC Reauthorization Legislation Progress Update
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Major Insurers, Not-For-Profits Launch Unique NMTC-based Healthcare Initiative
By Steve Pickle, Impact Community Capital LLC, and Jeff Brenner, NCB Development Corporation
Aries Capital, Hunter Chase, GMAC Commercial Holding Capital Corp. Team Up in NMTC Deal
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Wisconsin Awards $22 Million in NMTCs, Creating Jobs and Improving Milwaukee Business
By Lindsay Weiford, Contributing Writer, Novogradac & Company, LLP
How to Time the Distribution of Operating Income
By Owen P. Gray, CPA, Novogradac & Company LLP
November 2005
Industry Continues to Seek Support in Congress for NMTC Extension Legislation
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
From NMTCs to IPOs: Advantage Capital Invests in Growing Businesses
By Carter Dunkin, Advantage Capital
NMTCs Suggested for Part of Hurricane Recovery Package
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
GMAC Commercial Mortgage Provides a $68 Million Financing Package for Minneapolis Shopping Mall
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Quaker Maid Meats Opens Third Plant in Reading, Pa. with Help of NMTCs
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Wachovia Announces Two East Coast NMTC Deal Closings
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
When Does the Operating Income Limitation Apply?
By Owen P. Gray, CPA, Novogradac & Company LLP
October 2005
Industry Participants Comment on Latest Draft Allocation Agreement
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Snow Announces Changes to the NMTC Program to Support Hurricane Katrina Recovery Efforts
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Bienvenidos A Detroit: International Center Welcomes Visitors
By David F. Schon, Esq., Nixon Peabody LLP
Johnson Bank Invests NMTCs to Preserve, Create Jobs
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Proctor’s Theater Complex Adds to Arts/Entertainment/Tech Corridor
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Limited Cure Available to Correct Recapture Events
By Owen P. Gray, CPA, Novogradac & Company LLP
September 2005
COMMENTARY: There’s Always Room for Kelo: Court’s Decision on Eminent Domain and Economic Development Unleashes Strong Opposition
By Harry J. Kelly, Nixon Peabody LLP
Portland Family of Funds Closes 3 New Markets Tax Credits Real Estate Transactions
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
GAAP Accounting for the NMTC — An Update
By Diana Letsinger, CPA, Novogradac & Company LLP
ShoreBank Enterprise Pacific: $2.8 Million in NMTCs in Coastal Oregon
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Requirements for Documenting NMTC Compliance
By Owen P. Gray, CPA, Novogradac & Company LLP
August 2005
Fourth Round of NMTC Competition Opens, $3.5 Billion Available
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
NMTC Coalition Releases Progress Report on Round I, Launches Reauthorization Effort
By Keith Bisson, NMTC Coalition
Proposed Changes to ‘Targeted Populations’ Rules for NMTC Program
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Wachovia Invests Round I NMTCs in Mixed-Use Development
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
WHEDA Prescribes NMTCs for Local Health Center Expansion, Corporate Center
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
HRV’s New Markets Tax Credits Help Finance Ocean View Redevelopment
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
The Definition of Low-Income Community for the NMTC
By Elaine Chang, Novogradac & Company LLP
July 2005
CDFI Coalition Analyzes the First Three Rounds of NMTC Allocations
By Jennifer A. Vasiloff and Joe Akman, CDFI Coalition
U.S. Bancorp CDC Finances $25 million NMTC, HTC Project
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
First-in-the-Nation Program to Provide $36 Million in Loans for Charter School Facilities under NMTC Program
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
ShoreBank Enterprise Pacific Announces NMTC Investments Made with Round Two Allocation
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Industry Professionals Gather to Discuss Latest Developments, Plans for Future
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
NMTCs Help KeyBank Add Community Access to Money and Services
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Issues to Consider Regarding Loan Loss Reserves
By Owen P. Gray, CPA, Novogradac & Company LLP
June 2005
Third Round of NMTC Allocations Announced
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
CDFI Fund Invites Input on Targeted Population Provision
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Awardees Announce Plans for Third Round Allocations
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
How to Locate A CDE
By Owen P. Gray, CPA, Novogradac & Company LLP
May 2005
NMTCs Support Expansion of Grocery Chain in Wisconsin
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
From Hollywood to Harlem: WNC Closes Two NMTC Funds
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Initiative Will Create New Jobs, Expand Economic Opportunity in Upstate N.Y.
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
IRS Provides Temporary Relief from American Jobs Creation Act Provision
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Wisconsin Governor Proposes $120 Million Enterprise Development Zone Tax Credit Program
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
WASHINGTON WIRE: Strong Opposition Raised to Strengthening America’s Communities Initiative
By Michael J. Novogradac, CPA
Portland CDE Named One of Fifty Best & Brightest Government Entities
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Significant Questions Remain Regarding Substantial Improvements Requirement
By Owen P. Gray, CPA, Novogradac & Company LLP
Special Purpose Entity vs. Operating Business as QALICB
By Owen P. Gray, CPA, Novogradac & Company LLP
April 2005
California, Indiana Legislatures Consider State New Markets Measures
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Aries Capital, US Bank CDC Invest $7.8 Million to Rehabilitate 19th Century Downtown Property
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
State Historic Tax Credit Programs Grow More Popular
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
NMTCs Help Finance Laboratory-Based Incubator
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
$3 Million in New Market Tax Credits to Help Minority Business Incubator Create Jobs
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Appalachian Mountain Club Secures Long-Term Financing for Maine Woods Initiative
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
HUD: CDBG Formula Continues to Target Community Development Need
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Special Purpose Entity vs. Operating Business as QALICB
By Owen P. Gray, CPA, Novogradac & Company LLP
March 2005
Final NMTC Regulations, Take Two
By Scott A. Lindquist, Sonnenschein Nath & Rosenthal
“Control” Tests Changed in Final Treasury Regulations
By Karen Williams, Lane Powell PC
Growing, Growing … Industry Gathers Support for NMTC Extension
By Jane Bowar Zastrow, Novogradac & Company LLP
ESIC Realty Partners and U.S. Bancorp Close $17 Million New Markets Tax Credit Transaction
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
How to Measure Where Employee Services Are Performed
By Owen P. Gray, CPA, Novogradac & Company LLP
February 2005
Brownfields Get a Boost in Michigan and in a Congressional Proposal
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Citizens Bank to Help Finance North Albany, N.Y.’s YMCA Using NMTCs
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
New York Awards Nearly $11 Million in Main Street Awards
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Calculating Taxable vs. Operating Income
By Owen P. Gray, CPA, Novogradac & Company LLP
January 2005
Treasury, IRS Publish Final Regulations
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
The Hidden Risk of Takeout: Transactions Can Apply the NMTC Differently
By Robert J. Wasserman, U.S. Bank Community Development Corporation and John J. Lisella III, SunAmerica Affordable Housing Partners Inc.
Final Regulations Impose Important New Restrictions
By Scott Lindquist, Sonnenschein Nath & Rosenthal
Capital from New Markets for New Markets – NMTC Fosters Wall Street Relationship, Advances Mission
By Mary Tingerthal, Community Reinvestment Fund
Are CDEs Required to Reinvest Principal Repayments?
By Owen P. Gray, CPA, Novogradac & Company LLP