"The New Markets Tax Credit has become a vital financing tool to organizations throughout Oregon, like United Fund Advisors and Portland Family of Funds, to invest in and nurture business opportunities in our low income communities that are in need of investment capital." - Sen. Gordon Smith (R-OR), July 8, 2008
Steel Plant Brings 528 Jobs to Vancouver
NOVOGRADAC JOURNAL OF TAX CREDITS, October 1, 2011 - Audrey Watson, an associate with United Fund Advisors, NCF's manager, said, "This project illustrates the real impact NMTCs have in attracting capital in order to create jobs. Farwest brings a new fabrication and distribution plant that will go a long way toward jump-starting industrial activity in the greater metro area."
Blanchet House launches $13M green building project in Portland
SUSTAINABLE BUSINESS OREGON, September 15, 2011 - A new homeless facility kicked-off construction Thursday with financing from U.S. Bank, United Fund Advisors and the City of Portland.
U.S. Bank Finances Construction of New Portland Shelter - Teams with City and United Fund Advisors to make Blanchet House a Reality
WALL STREET JOURNAL MARKETWATCH, September 15, 2011 - "Blanchet House is an outsanding organization and neighbor of ours that has been in need of a new facility for many years'" said Chris Hasle, Principal of United Fund Advisors.
Oregon leverages New Markets Tax Credits
SUSTAINABLE BUSINESS OREGON, September 6, 2011 - The majority of New Markets Tax Credits deployed in the state (of Oregon) have come from one of the two funds managed by United Fund Advisors.
National Community Fund I (NCF) and United Fund Advisors (UFA) will provide a total of $54 million in NMTC financing for four projects
NOVOGRADAC JOURNAL OF TAX CREDITS, September 1, 2011 - The financing represents more than 70 percent of the $77 million in NMTC authority that NCF received in February.
National Community Fund Closes $54 Million in New Markets Tax Credits Financing for Four Projects
PORTLAND, OR, July 22, 2011 - Recently closed projects in Connecticut, New York, Washington, and Oregon will build schools, a steel plant, and a homeless shelter, while creating an estimated 1,200 jobs.
Farwest lands $48M in federal tax credits to build local plant
THE COLUMBIAN, July 5, 2011 - The complicated structure of the funding—secured through the 11-year-old federal New Markets Tax Credit program—enables Farwest to build and occupy its site at the Port of Vancouver at a lower cost and more quickly than with traditional financing.
Mattapan Community Health Center (MCHC) announced the close of financing on its new four-story community medical center in Boston, Mass.
NOVOGRADAC JOURNAL OF TAX CREDITS, June 1, 2011 - National Community Fund I (NCF), a United Fund Advisors affiliate, and Citi Community Capital partnered to provide NMTC financing for the $33.8 million project.
United Fund Advisors and Citi Community Capital Close New Markets Tax Credit Financing on Mattapan Community Health Center
BOSTON, MA, May 2, 2011 - Mattapan Community Health Center (MCHC) announced the closing of financing for the construction of its new four-story, 58,781 square foot community medical facility.
National Community Fund I, LLC Receives $77 Million in New Markets Tax Credit Allocation
PORTLAND, OR, February 25, 2011 - National Community Fund I, LLC (NCF) was awarded its fourth consecutive New Markets Tax Credit allocation award of $77 million on Thursday, February 24, from the Community Development Financial Institutions (CDFI) Fund of the U.S. Department of Treasury.
Orchestra's New Home
WALL STREET JOURNAL, February 17, 2011 - The New York City Economic Development Corp. partnered with financial-services company United Fund Advisors in 2008 to stimulate more projects using tax credits in the city. Since then, they have financed more than $500 million of development costs, utilizing $89 million in New Markets Tax Credits.
New York's Basketball City Scores NMTC Financing
NOVOGRADAC JOURNAL OF TAX CREDITS, December 16, 2010 - Along with recreational spaces, the $13 million Basketball City project will feature a publicly-accessible waterfront esplanade and sustainable design attributes such as solar panels, composite wooden floors, and energy-efficient lighting and insulation.
Coastal Energy Project named Renewable Energy Development of Distinction in the 2010 Novogradac Journal of Tax Credits awards
NOVOGRADAC & COMPANY, December 3, 2010 - Coastal Community Action Program of Aberdeen, Washington, and its Coastal Energy Project completed a 6 megawatt wind development near the Washington coastline in Grayland, Washington.
Morris Heights Health Center Opens New Green, Mixed-Use Facility Serving
BRONX, NY, December 1, 2010 - The expanded facility now addresses the needs of the Morris Heights community by providing additional access to critical health care services, housing and supportive services for low-income seniors, and related retail.
United Fund Advisors Backs $45 Million Biogas Project in San Diego
SUSTAINABLE BUSINESS OREGON, November 15, 2010 - United Fund Advisors LLC of Portland announced Monday they closed a tax credit equity financing deal for a $45 million renewable energy project that will generate power at a wastewater treatment facility in San Diego.
United Fund Advisors Closes Financing on $45 Million Biogas and Fuel Cell Project in San Diego
PORTLAND, OR, November 15, 2010 - The Biofuels project will convert wastewater methane into Biogas and supply clean fuel cell energy to the City of San Diego and U.C. San Diego.
New York City Economic Development Corporation and United Fund Advisors, LLC Close Financing on Tenth New Markets Tax Credits Investment
NEW YORK, NY, October 18, 2010 - Basketball City USA will create 50 new jobs targeted to low-income residents. Ten projects have leveraged $89 million in New Markets Tax Credits allocation to finance over $500 million in development costs.
Basketball City nets new home on Pier 36
CRAIN'S NEW YORK BUSINESS, October 18, 2010 - The closing (of financing) by the city and United Fund Advisors paves the way for construction of the 65,000-square-foot facility.
11 Broadway Development Answers Demand for Affordable Housing in South Williamsburg and Brings Grocery Store to Neighborhood
BROOKLYN, NY, October 8, 2010 - The new project includes both residential and commercial space, addressing the City's need for affordable housing and more full-service food retailers.
Community Service Organization Harnesses Wind Energy
NOVOGRADAC JOURNAL OF TAX CREDITS, April 1, 2010 - The Coastal Community Action Program (CCAP) of Aberdeen, Wash. gives people the resources they need to achieve independence. Now the not-for-profit CCAP is taking a step toward securing its own self-sufficiency by completing the Coastal Energy Project, a six megawatt wind development.
United Fund Advisors and Citi Community Capital Provide New Markets Tax Credit Financing for Renovation of Bedford Stuyvesant's Restoration Plaza
BROOKLYN, NY, March 1, 2010 - Bedford Stuyvesant Restoration Corporation (BSRC) announced the closing of financing for the renovation of Restoration Plaza in Central Brooklyn.
Big Wind, Small Town
SIGHTLINE DAILY, February 12, 2010 - There is a new project breaking ground in Grayland, Washington that vividly demonstrates how clean energy projects can directly benefit low income families in rural communities.
MHHC's Harrison Circle fully funded
NEW YORK POST, February 10, 2010 - Morris Heights Health Center had a dream. To house 70 low-income seniors. To treat an additional 18,000 patients annually. To create 45 permanent jobs.
Wind farm funds come through
THE DAILY WORLD, January 29, 2010 - The Coastal Community Action Program has announced that it has received financing for the construction of four 1.5-megawatt wind turbines on 29 privately owned acres in the hills off County Line Road in Grayland, WA.
United Fund Advisors and U.S. Bancorp finance wind project in Washington
PORTLAND, OR, January 27, 2010 - Coastal Community Action Program (CCAP) has announced that it received financing for its six megawatt wind development near Grayland, WA. The four turbine system is already under construction and is planned to be operational in June. The project's electricity revenues will be used to enhance CCAP's existing community services.
Enterprise, Chase and United Fund Advisors make $22.3 million New Markets Tax Credit investment in Harrison Circle Building at Morris Heights Health Center (Bronx, N.Y.)
COLUMBIA, MD, January 19, 2010 - Enterprise Community Investment, Inc. (Enterprise), a national leader in affordable housing and community development, and National Community Fund I, LLC, an affiliate of United Fund Advisors, LLC, recently closed on a $22.3 million New Markets Tax Credit (NMTC) transaction.
National Community Fund I receives third allocation of $60 million in New Markets Tax Credits
PORTLAND, OR, November 4, 2009 - National Community Fund I, LLC (NCF) was awarded a $60 million New Markets Tax Credits allocation on Friday, October 30, from the Community Development Financial Institutions (CDFI) Fund of the US Department of Treasury.
National Community Fund (affiliate of United Fund Advisors and Portland Family of Funds) expands national footprint by financing health centers in California and Washington
PORTLAND, OR, January 6, 2009 - National Community Fund I, LLC (NCF) closed New Markets Tax Credits (NMTC) financing for a community health care center in Fresno, CA and a medical research facility in Seattle, WA.
United Fund Advisors, Hoku Solar inc. and U.S. Bank close financing on a combined 1 MW solar pv project to be installed at seven airport locations in Hawaii
HONOLULU, HI, December 23, 2008 - Hoku Solar, Inc. and United Fund Advisors today announced the establishment and capitalization of an investment company intended to provide financing for photovoltaic power systems to be installed and operated in the State of Hawaii by Hoku Solar.
National Community Fund I receives $50 million allocation of New Markets Tax Credits
PORTLAND, OR, October 22, 2008 - National Community Fund I, LLC (NCF) was awarded a $50 million New Markets Tax Credits (NMTC) allocation on Monday, October 20, from the Community Development Financial Institutions (CDFI) Fund.
United Fund Advisors and U.S. Bank close financing on the Pacific Northwest's largest solar project
PORTLAND, OR, October 14, 2008 - United Fund Advisors (UFA) arranged and structured the financing on the Pacific Northwest's largest solar project, a 1.1 megawatt system in Portland, Oregon.
National Community Fund (affiliate of United Fund Advisors and Portland Family of Funds), Citi Community Capital and Empowerment Reinvestment Fund provide tax credit financing for construction of the Mckibbin Street Industrial Center in Brooklyn, NY
NEW YORK, NY, July 22, 2008 - Greenpoint Manufacturing and Design Center (GMDC), the premier nonprofit developer of industrial space in New York City, announced closing of financing for the rehabilitation of a historic furniture factory into a multi-tenant industrial center focusing on small manufacturing and artisinal businesses in Brooklyn, New York.
Portland Family of Funds and United Fund Advisors recognized by Senator Gordon Smith (R-OR) in Congress - July 8, 2008
WASHINGTON D.C., July 8, 2008 - Portland projects are held up as exemplary use of the federal New Markets Tax Credit.
National Community Fund and Greystone Capital CDE provide tax credit financing for construction of AIDS vaccine development lab at New York's Brooklyn Army Terminal
NEW YORK, NY, April 25, 2008 - National Community Fund (NCF) and Greystone CDE, LLC closed New Markets Tax Credit financing for a new AIDS vaccine development laboratory for the International AIDS Vaccine Initiative (IAVI).
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