This is our last time looking back on 2015. In case you missed previous articles, Elizabeth Glynn summarized our landmark year here, Bryan summed up the housing development team here, Mike Price counted up the totals for our asset management and compliance team here, and Ashley Bland quantified our design and construction team’s results here.
For the Travois New Markets team of Michael Bland, Matthew Bland and me, our last year meant playing a role in expanding economic development opportunities in Indian Country. We were proud to have:
- Advocated to the Community Development Financial Institutions (CDFI) Fund, U.S. Treasury and Congress about expanding the use of New Markets Tax Credits (NMTCs) in Indian Country;
- Successfully submitted another application for New Markets Tax Credits to the CDFI Fund of the U.S. Treasury (award announcements expected this summer!) as one of 238 applicants in the 13th round; and
- Supported industry efforts to extend the New Markets Tax Credit program for five years at $3.5 billion annually through 2019. President Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015 into law late last year.
If you have an economic development project idea for 2016 or beyond, we’d love to hear about it. Please submit it through our website form. And while you’re there, check out some of the amazing projects our clients have developed.