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Novagradac Journal of Tax Credits: New Fund Combines LIHTCs and NMTCs for Health and Housing
03/06/2013, Teresa Garcia, Novogradac & Company LLP This article in the March 2013 issue of Novogradac Journal of Tax Credits features the Healthy Futures Fund, a new $100 million investment fund launched by Morgan Stanley, The Kresge Foundation, and the Local Initiatives Support Corporation (LISC). The Fund, which will be managed by LISC's affiliate, the New Markets Support Company (NMSC), will use both low-income housing tax credits (LIHTCs) and new markets tax credits (NMTCs) to help make community health centers accessible to residents of affordable housing. Kevin Boes, NMSC's president and CEO, and Amy Gillman, senior program director of LISC's Community Investment Collaborative for Kids (CICK) are quoted.
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Tax Credit Advisor: "A New Model Deal" Salem Towers Article
04/06/2011 In a unique and challenging transaction supported by LISC, Salem Towers in Malden, Mass., New England’s first Section 202 property, will be rehabilitated and preserved as affordable housing by utilizing a number of “first” techniques. New authority provided in the 2009 Appropriations Act enabled the property to be granted prepayment approval and a new rental subsidy. This kind of refinancing would not have been possible for such “Old Law” Section 202 projects before the law was passed.
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The Buzz: Did CRA Wreck the Global Economy?
11/06/2008, Buzz Roberts, LISC Senior Vice President for Policy "The Buzz" on CRA and the global economy, from the November 2008 issue of Novogradac Journal of Tax Credit Housing.
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