Morgan Stanley, The Kresge Foundation, and the Local Initiatives Support Corporation (LISC) have launched a pioneering new $100 million investment fund that will finance additional affordable rental housing and health care facilities for low-income households in an integrated fashion.
A hundred years ago, it was unremarkable to be born at home, and to die at home. Fifty years ago, it was unremarkable for a doctor to make house calls, and the equipment he brought was nothing more than a mysterious black bag, a stethoscope, a tongue depressor, and hands as cold as if he kept them permanently in a freezer.
Tax Credit Advisor, October 2011: Little Big Horn College (LBHC), the higher education institution of the Crow (Apsáalooke) Tribe of Indians located in Crow Agency, Mt., will soon complete construction on its new 35,000-square-foot Health and Wellness Center, which is being funded in part by federal new markets tax credits.
Tax Credit Advisor, June 2011: The federal new markets tax credit is one of the major funding sources for a new health care facility in the South Bronx section of New York City that will provide expanded services to low-income individuals and families in medically under-served local neighborhoods.
Tax Credit Advisor ““ June 2011 ““ The federal new markets tax credit is one of the major funding sources for a new health care facility in the South Bronx section of New York City that will provide expanded services to low-income individuals and families in medically underserved local neighborhoods. Urban Health Plan (UHP), a network of federally qualified community health centers based in the South Bronx and Queens, plans to build a new, six-story, 54,000 square-foot community health clinic, expanding its services to communities in the South Bronx.
U.S. Treasury Secretary Timothy Geithner and Agriculture Department Secretary Tom Vilsack recently announced details of the Obama Administration’s new Healthy Food Financing Initiative, which is intended to provide a mix of federal tax incentives and funds to help finance the development of supermarkets and other healthy food options in under-served urban and rural communities.
Tax Credit Advisor, February 2010: Enterprise Community Investment, Inc., a national leader in affordable housing and community development, and National Community Fund I, LLC, an affiliate of United Fund Advisors, LLC, recently closed on a $22.3 million federal new markets tax credit (NMTC) transaction that will finance the green expansion of a health care center in New York City.
Job Summary: The Business Development Associate (BDA) assists in the development and execution of Cinnaire’s business development strategy within a defined geographic area. The BDA develops and maintains knowledge of local real estate market dynamics and policies impacting affordable multifamily housing development, researches and assists in the identification of business opportunities, and supports the SVP Business […]
Job Summary: Cinnaire Lending is a U.S. Treasury certified Community Development Financial Institution (CDFI). At Cinnaire Lending, a Loan Underwriter evaluates and structures loan transactions and assesses the associated risks and mitigants for affordable housing and community development loans. This includes ensuring that the proposed loan meets underwriting guidelines, is appropriately secured by real estate or […]
Job Summary: The Program Specialist leverages expertise in accounting to collect data, analyze, and report on community development projects funded by Cinnaire’s New Markets Tax Credits Program. Essential Duties and Responsibilities: Collects, saves and tracks quarterly financial statements, compliance certificates, audits, tax returns, and impact information from Cinnaire’s portfolio of New Markets Tax Credit projects. Performs […]
Job Summary: The Equity Analyst assists in the underwriting of real estate equity investments, including affordable and market rate housing. The Equity Analyst supports the business development staff by providing feedback regarding underwriting feasibility of these products and by assisting in the efficient acquisition of investments. Essential Duties and Responsibilities: Reviews and updates financial proformas for […]
At the recent Fortune’s Brainstorm Health conference in Dana Point, CA, Centene—America’s biggest Medicaid insurer—pledged to help build approximately $900 million of affordable housing in eight states.