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 2006.If you are interested in receiving a copy of any of these articles, please contact cpas@novoco.com. You can also mail your request to Products Desk, Novogradac & Company LLP, 246 First Street, Fifth Floor, San Francisco, CA 94105.
Rates:
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$25/single issue
December 2006
NMTC Financing Can Drive Small Business Growth
By Mary Tingerthal, Community Reinvestment Fund USA
Small Business Administration Pilots New Markets Tax Credit Lending Initiative
By Anne Townsend, Staff Writer, Novogradac & Company LLP
Advantage Capital and U.S. Bancorp Community Development Corporation Inject Capital into Cupples Station Complex
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Merril Lynch Community Development Company Adopts New Rating Tool
By Anne Townsend, Staff Writer, Novogradac & Company LLP
Can Assisted Living Facilities be QUALICBs?
By John Sciarretti, CPA, Novogradac & Company LLP
November 2006
CT/KDF Awarded $90 Million for Infill Mixed-Use Developments
By Anne Townsend, Novogradac & Company LLP
NMTCs Paired with Historic Credits to Restore Theater
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
NMTC-Funded Armory Project Becomes First on National Register of Historic Places to Win Platinum Designation for Sustainable Design
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
NH&RA Announces 2006 J. Timothy Anderson Awards Recipients
By Anne Townsend, Staff Writer, Novogradac & Company LLP
Timing of Distributions
By Brent Parker and Diana R. Letsinger, CPA, Novogradac & Company LLP
October 2006
Calculating the Value of the New Markets Tax Credit
By Scott A. Lindquist, Sonnenschein Nath & Rosenthal, and Robert J. Wasserman, U.S. Bank Community Development Corporation
Implications of the Tax Increase Prevention and Reconciliation Act for NMTC Transactions
By Kristin DeKuiper, Holland & Knight LLP
Community Development Venture Capital Alliance Issues Report on New Markets Venture Capital Program
By Anne Townsend, Staff Writer, Novogradac & Company LLP
Can NMTCs Be Used to Cultivate Farms or Ranches?
By Owen P. Gray, CPA, Novogradac & Company LLP
September 2006
CDFI Fund Releases Draft Allocation Agreement
By Brad Elphick, Novogradac & Company LLP
Three Deals by Portland Family of Funds Demonstrate NMTC Versatility
By Alex Ruiz, Managing Editor, Novogradac & Company
NMTCs Used to Create Destination Marketplace in Fort Worth
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Milwaukee Health Services Receive $3.5 Million in New Markets Tax Credits
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Considering Charitable Contributions and Donations
By Elaine Chang and Owen P. Gray, CPA, Novogradac & Company LLP
August 2006
CDFI Fund and IRS Issue Guidance on Targeted Populations with Notice 2006-60
By Brad Elphick, Novogradac & Company LLP
Wachovia Uses NMTC to Redevelop Former Naval Base
By Lindsay Weiford, Staff Writer, Novogradac & Company
Vacant Hotel Receives $180 Million Transformation, Reopens as Luxury Hotel/Condominium Development
By Lindsay Weiford, Staff Writer, Novogradac & Company LLP
HUD Issues Notice Prophibiting Use of Fiscal Year 2006 HUD Funds for Eminent Domain-Related Activities
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
How to Calculate the Services Test
By Elaine Chang and Owen P. Gray, CPA, Novogradac & Company LLP
July 2006
Treasury, CDFI Fund Announce $4.1 Billion in New Markets Tax Credits
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
2006 Progress Report, Update on Reauthorization Effort Released by New MarketsTax Credit Coalition
By Jonathan Halpern, New Markets Tax Credit Coalition
National Park Service List Ranks States that Successfully Promote Rehabilitation of Historic Properties
By Lindsay Weiford, Staff Writer, Novogradac & Company LLP
Survey of More Than 200 U.S. Cities Shows Potential of Brownfield Redevelopment
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
How to Calculate the Amount of Potential Recapture in an NMTC Investment
By Owen P.Gray, CPA, Novogradac & Company LLP
June 2006
Meet the CDFI: Who's Who on the NMTC Team
By Lindsay Weiford, Staff Writer, Novogradac & Company LLP
Criteria for Tax-Exempt Status for Not-for-Profit General Partners of LIHTC Partnerships Has Possible Implications for NMTC Transactions
By Ruth Sparrow, Future Unlimited Law PC
NMTCs Used to Develop Revolutionary Customized Anti-Cancer Therapeutic
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
CDFI Announces First Use of New Markets Tax Credits to Create Affordable For-Sale Housing
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Bank of America Announces $10 Million Investment in the Opportunity Finance Network
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Grocery Stores That Sell Alcohol Still May Be Qualified Businesses
By Owen P.Gray, CPA, Novogradac & Company LLP
May 2006
CDFI Fund Announced Preliminary Analysis of NMTC Transaction Data
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Got Control? An Analysis of Control of Subsidiary Allocatees in New Market Tax Credit Transactions
By Lawrence Bradley and Kristin DeKuiper, Holland & Knight LLP
Fostering CDC Participation in the NMTC Program
By Mary Tingerthal, Community Reinvestment Fund USA
Redevelopment Expected to Restore Historic Meier & Frank Building as Focal Point of Downtown Portland
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Can the NMTC be Compared to the LIHTC?
By Owen P. Gray, CPA, Novogradac & Company LLP
April 2006
Additional NMTCs to be Allocated in GO Zone
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Homewood Suites Transaction Utilizes NMTCs
By Randy Kahn, GMAC Commercial Mortgage Corporation
Wachovia Makes Use of More Than $30 Million in NMTCs to Finance Two Community Development Projects
By Lindsay Weiford, Staff Writer, Novogradac & Company LLP
Got Control? An Analysis of Control of Subsidiary Allocatees in New Market Tax Credit Transactions
By Lawrence Bradley and Kristin DeKuiper, Holland & Knight LLP
Michigan Magnet Fund Award Expected to Draw $585 Million in Private Investment
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
NMTCs: Claimed Over Six Years, Compliance Required for Seven Years
By Owen P. Gray, CPA, Novogradac & Company LLP
March 2006
NMTC Program's Community Impact - Strategies and Results
By Lindsay Weiford, Staff Writer, Novogradac & Company LLP
President Bush Presents 2007 Proposed Budget to Congress
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Supporters Seek One-Year Extension of the NMTC Program
By Lindsay Weiford, Staff Writer, Novogradac & Company LLP
Community Impacts - What's Your Story?
By Christopher Smith, KinetiComm
Construction Begins on Midtown Global Market
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
Goodwill Can be Included on a QALICB's Balance Sheet in Some Cases
By Owen P. Gray, CPA, Novogradac & Company LLP
February 2006
Hurricane Relief and Opportunities Arrive With New Legislation: Gulf Opportunity Zone Act of 2005
By Molly M. O'Dell, CPA, Novogradac & Company LLP
Proposed Interpretation May Affect Accounting for NMTC Investments
By Diana Letsinger,CPA, and Bryan Hung, Novogradac & Company LLP
$20 Million in New Markets Tax Credits Supports Boston Medical Center Rehabilitation Plans
By Alex Ruiz, Managing Editor , Novogradac & Company LLP
Not-For-Profit to Begin Construction of Two Affordable Housing Developments
By Alex Ruiz, Managing Editor , Novogradac & Company LLP
New Restaurant in St. Louis Receives $1.5 Million NMTC Investment
By Alex Ruiz, Managing Editor, Novogradac & Company LLP
C Corporations and the Operating Income Limitation
By Owen P. Gray, CPA, Novogradac & Company LLP
January 2006
Phoenix Mayor Announces $25 Million NMTC Funds Available for Phase 1 of Downtown Medical School
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Initiative Involving NMTC Funding Receives $1.3 Million for 11 Units of Affordable Housing
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
EPA Publishes Final Rule to Encourage Redevelopment of Brownfields
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
NMTCs Contributed to Funding for Transformation of Former Naval Training Center
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Urban League Brings $127.5 Million in Tax Credits to New Atlanta-Based Business Development Center
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Advantage Capital Launches Small Business Fund to Finance Entrepreneurs in Low-Income Communities
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Governor Presents Preservation Awards in Maryland
By Alex Ruiz, Staff Writer, Novogradac & Company LLP
Requirements for Documenting the Substantially All Test
By Owen P. Gray, CPA, Novogradac & Company LLP