Baltimore, MD – Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking at the recently redeveloped Lexington Market […]
Baltimore, MD – Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking at the recently redeveloped Lexington Market […]
Civic Community Partners (Civic) has launched the Building Business Success (BBS) Program which focuses on building capacity and growing small businesses. This program primarily focuses on Minority Owned Business Entities (MBEs) and/or Disadvantaged Business Entities (DBEs) who are providing services to anchor institutions or working within the construction industry. The program currently has $1.5 million […]
Civic Communities offers tailored capital lending programs to non-profits, businesses, projects, and community facilities in San Diego County that may not have access to traditional financing. Our objective is to provide financing to projects or businesses in low-income neighborhoods, that support low-income residents, and provide affordable housing and/or community facilities. The New Markets Tax Credit […]
Since 2012, Civic Communities has invested $178 million into economically challenged neighborhoods, furthering the agency’s mission to boost quality of life for San Diego’s underserved residents. This has been done through the use of New Markets Tax Credits (NMTCs), a federal program that deploys tax credits for projects that create quality jobs, or provide programs […]
Civic announced today the closing of a New Markets Tax Credit (NMTC) investment of $6.7 million for YMCA of San Diego County’s Youth & Family Services (YFS) with Chase Bank as the tax credit investor. The New Markets Tax Credits investment finances the acquisition and rehabilitation of a 25-unit apartment complex in Escondido. The property […]
Civic announced today the closing of a New Markets Tax Credit (NMTC) investment of $4 million for Access Youth Academy. Access Youth Academy is a non-profit organization founded in 2006 with the belief that every child should have equal access to achieve their full potential, and that the San Diego community could benefit from an […]
Civic announced a $9.325 million New Markets Tax Credit (NMTC) investment with Living Rooms at Casa, an affiliate of Casa Familiar, Inc., to construct a new, 13,469-square-foot community-focused mixed-use development. “Living Rooms at the Border is a project whose time has come,” said Kurt Chilcott, Chairman of Casa Familiar’s Board of Directors. “This incredible, unique […]
In December 2017, Civic closed a $12.6 million New Markets Tax Credit investment to Goodwill Industries of San Diego County to fund improvements to the two buildings in San Ysidro to repurpose them as an outlet center and a distribution facility and to make improvements to an existing storefront in San Ysidro to add a […]
Civic announced today a $10 million New Markets Tax Credit (NMTC) investment with Ajinomoto Foods North America. Ajinomoto Foods manufactures and markets a wide variety of high-quality specialty frozen food products, including Asian, Italian, Mexican, custom and private brand products. In March, Tyson Foods announced plans to relocate its San Diego operations, resulting in the […]
San Ysidro will soon be home to a new Goodwill Industries outlet center, distribution center and community employment center thanks to a $12.6 million New Markets Tax Credit (NMTC) investment made by Civic. The funds will help Goodwill Industries improve two recently purchased buildings in San Ysidro totaling around 75,000 square feet. Those buildings will […]
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