Lowcountry Housing Trust and SunTrust Community Capital
Date and Time
Monday Dec 10, 2012
10:00 AM - 12:00 PM EST
10 am to Noon
Location
Shed – Town of Port Royal
Fees/Admission
This workshop is free and open to the public, but registration is required. Email your name, title, company, address, phone, and email to Debra Crawford at 843-973-7285 or at debra@lowcountryhousingtrust.orgwith the SUBJECT: NMTC Workshop.
Contact Information
Debra Crawford 843-973-7285
Send Email
Description
The New Markets Tax Credit (NMTC) Program spurs investment of private sector capital in distressed communities by providing a tax credit for taxpayers who make qualified equity investments in designated Community Development Entities (CDEs). To date, organizations awarded tax credits have raised $15.8 billion in equity investments, stimulating economic growth, supporting job creation, development of mixed use projects, and fostering small business growth in distressed communities across America. The Administration has proposed to authorize NMTCs at $5 billion in 2011.
Join LHT and STCC as we explore
- The Basics of the US Treasury CDFI Fund's NMTC Program
- How to access NMTC financing through SunTrust Community Capital
- How have NMTCs been used in coastal South Carolina to finance developments
10:00 a.m. - 12:00 p.m.
Shed – Town of Port Royal
Featured Speakers:
Jim Beaty, Vice President SunTrust Community Capital
Jim Haley, Chief Financial Officer The Noisette Company
Clay M. Grayson, Attorney Haynsworth, Sinkley Boyd, P.A.
Registration
This workshop is free and open to the public, but registration is required. Email your name, title, company, address, phone, and email to Debra Crawford at 843-973-7285 or at debra@lowcountryhousingtrust.orgwith the SUBJECT: NMTC Workshop.
Sponsors
SunTrust Community Capital Provides private developers, local governments and nonprofits the capital and support they need to take community development projects from vision to reality. STCC has financed properties that provide approximately 50,000 low to moderate income housing units and has committed over $2.4 billion in debt and equity to these types of projects. Additionally, over $265 million in flexible and non-traditional financing has been invested in other community revitalization efforts through its New Markets Tax Credit program.
Lowcountry Housing TrustSince its inception in 2004, LHT has provided $15 million in financing that has facilitated the development of more than $146 million in community development projects; funding has created or retained 3,295 jobs, 1018 housing units, and provided a safe, decent and affordable place to call home for 2,545 individuals and families.
