Category Archives: New Markets Tax Credits

(Written by Phil Glynn, vice president of economic development for Travois)

Congratulations to our 2012-2013 clients who are investing in economic development and positive change for their communities:

Pueblo of Laguna Utility Authority’s water/wastewater infrastructure project
Molokai Community

Earlier this week I traveled to Minnewaukan, N.D., to attend the opening ceremony for the new Minnewaukan Public School.
The school’s opening was a proud moment for the Minnewaukan community, and it was highly anticipated.

We’ve enjoyed blogging all year and are highlighting our favorite 15 blog posts of 2012, just in case you missed them.
In February, Travois New Markets was awarded a $70 million New Market Tax Credit (NMTC) allocation.

While Congress’ first priority was to avert the “fiscal cliff,” by passing H.R.

Travois’ clients continue to use our services and capital to do amazing things. We recently passed the $35 million mark for New Markets Tax Credit (NMTC) closings in 2012. We expect our remaining $35 million to close in the coming weeks.

A grand opening for a Low Income Housing Tax Credit (LIHTC) project or a New Markets Tax Credit (NMTC) project is what we all work toward, whether you are a consultant, tribal housing authority staff member, accountant, official with a federal or state agency, or another person involved in the proje

It was an honor and a privilege to offer my perspective on the housing crisis plaguing Indian Country at a July 24 hearing on “Housing Partnerships in Indian Country” for the Senate Committee on Banking, Housing and Urban Affairs in Washington, D.C.

Nothing has been made official, but buzz in the industry tells us the 2012 New Markets Tax Credit (NMTC) allocation application may be published this month. If so, Community Development Entities (CDEs) like Travois will probably have about 60 days to compile and submit applications.

Travois was honored to host Standing Rock Housing Authority Executive Director Wilbur Red Tomahawk and Standing Rock Sioux Housing Board Chairman Doug CrowGhost in Kansas City this week.

Last week, Greg Bland and I made the trip to Phoenix, Ariz. for the Construction in Indian Country Conference (CIIC). The Arizona State University Del E. Webb School of Construction hosts the conference each year.