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Tag Archives: NMTC

COMMERCIAL FINANCE 701 — The outlook in Mississippi for 2017

Michael Lewis’ new book – The Undoing Project – should be the starting point for any projections about commercial finance in Mississippi during 2017.  The book underscores our defective reasoning process that routinely (1) underestimates uncertainty, (2) places too much weight on limited observations, and (3) ignores biases.  With those caveats in mind, we guesstimate the outlook for commercial finance ...

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COMMERCIAL FINANCE 701 — Tax credits: key programs and select acronyms

T ax credit programs cannot be credited with the conception of the term “acronymophobia” – an irrational fear of acronyms – but the phobic population grows with each new program.  Three popular tax credit acronyms for developers are LIHTC, NMTC and HTC. These letters represent incentive programs, which account for about $8.5 billion of annual U.S. credited federal taxes. All ...

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ECD awarded NMTC funds

Jackson — Enterprise Corporation of the Delta (ECD) has been awarded $20 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury Department’s Community Development Financial Institutions Fund. ECD is one of 32 Community Development Entities nationwide to receive an award with resources made possible through the American Recovery and Reinvestment Act. The NMTC Program injects private-sector capital ...

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