Arkansas Math & Science School Holds Ribbon Cutting for New Residence Hall & Student Center
The Grand Opening for the Student Center and Residence Halls at the Arkansas School for Mathematics, Science, and the Arts was today in Hot Springs. Construction on the new facilities started nearly two years ago and was funded in part... Read More →
New Markets Tax Credit Transactions Across the Nation
The New Markets Tax Credit program has been used to facilitate financing for a wide range of projects within eligible census tracts. The Department of Treasury released its November Report showing the programs investment results. Here are sample projects that... Read More →
Arkansas Math & Science School
New residential facilities have been constructed for the Arkansas School for Mathematics, Sciences and the Arts in Hot Springs by partnering with Bank of the Ozarks, the Heartland Renaissance Fund (HRF), Governor Beebe’s contributed stimulus funds, and the University of... Read More →
NMTC Featured as a Resource for Projects
The March 2012 issue of The Practical Real Estate Lawyer discusses the role of New Market Tax Credits when investors and capital are scarce. Community development entities, such as Heartland Renaissance Fund, can bridge the gap and help make projects that might... Read More →
What Types of Projects Have Received NMTC Funding?
The New Market Tax Credit Program is a powerful incentive designed to encourage private investment into areas that have been deemed as qualified census tracts by the Federal government. Throughout the life of the NMTC Program, the Department of Treasury,... Read More →
Heartland to Finance Producer of Torrefied Wood Pellets
Heartland Renaissance Fund (HRF), an Arkansas-based Community Development Entity, announced today that it financed a substantial expansion to a torrefied wood pellet manufacturer, BTH Quitman Hickory, LLC. Heartland utilized $24 million dollars of its New Market Tax Credits (NMTC) to finance... Read More →
Heartland Partnerning in Renovation of Historic Blass Building
New Market Tax Credits awarded to Heartland Renaissance Fund are to be used in the renovation of the historic Blass Building in downtown Little Rock. The building will be a mixed-use development containing office space, residential lofts, and restaurants or... Read More →
Heartland Renaissance Fund LLC Awarded $60 Million in New Market Tax Credit Allocation
The Department of Treasury has just announced that Heartland Renaissance Fund has been selected by the CDFI Fund to receive an allocation of $60 million New Market Tax Credits. This will be Heartland’s fourth NMTC allocation bringing its total NMTC... Read More →
U.S. Treasury to Announce New Round of NMTC
The U.S. Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will announce this afternoon the recipients chosen to receive an allocation through the New Market Tax Credit Program (NMTC). These credits are designed to increase capital investments in low-income communities.
2012 Round of NMTC Allocation Awards in April
The CDFI Fund gave word today that they will make the 2012 Round of NMTC Allocation Awards in April. In case you missed it, below is their short release: New Markets Tax Credit Program Update This morning President Obama signed the... Read More →