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News 2010 United Fund Advisors and Citi Community Capital Provide New Markets Tax Credit Financing for Renovation of Bedford Stuyvesant's Restoration Plaza BROOKLYN, 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, 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. 2009 National Community Fund I receives third allocation of $60 million in New Markets Tax Credits PORTLAND, 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, 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. 2008 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, 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, 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, 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, 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, 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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"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