2017 Novogradac Awards Recognize Exceptional New Markets Tax Credit Investments

2017 Novogradac Awards Recognize Exceptional New Markets Tax Credit Investments

02/16/2018

Community Development Entities to be Honored Oct. 19 at Novogradac Conference in Chicago

The Novogradac Journal of Tax Credits today announced the recipients of the 2017 Community Development QLICIs of the Year
Awards, which honor community development entities (CDEs) for exceptional  qualified low-income community investments
(QLICIs) in the past year. Winners will be honored Oct. 19 at the Novogradac New Markets Tax Credit Fall Conference in Chicago.

“Congratulations to this year’s Novogradac Community Development QLICIs of the Year Award winners and honorable mentions,” said
Brad Elphick, CPA, conference chairman and partner at Novogradac & Company LLP’s metro Atlanta office. “After a landmark 2015-2016 new markets tax credit allocation round, it’s exciting to see so many innovative and impactful investments making a difference in underserved communities.”

Awardees were recognized in four categories:

Metro QLICI

  • Winner: The Commons at Stanton Square in Washington, D.C.
    • CDEs: LISC, City First, Morgan Stanley and Capital Impact Partners
  • Honorable mention: The Equity Project (TEP) Charter School in New York City
    • CDEs: The Community Builders, LISC and Capital One

Non-Metro QLICI

  • Winner: Williams Sausage in Union City, Tenn.
    • CDEs: Stonehenge Community Development, Chase New Markets Corporation, Community Impact Fund, Empowerment Reinvestment Fund (TruFund) and Pacesetter CDE
  • Honorable mention: Nemak USA Inc.
    • CDE: MuniStrategies, RDP, AMCREF Community Capital and Chase

Operating Business QLICI

  • Winner: Detroit Manufacturing System in Toledo, Ohio, and Detroit
    • CDEs: Stonehenge Community Development, Consortium America, Building America CDE and Community Reinvestment Fund
  • Honorable mention: Seraphim Solar USA Manufacturing Inc., in Jackson, Miss.
    • CDE: AMCREF Community Capital

Real Estate QLICI

  • Winner: The Beacon Center in Washington, D.C.
    • CDE: The Community Builders CDE LLC
  • Honorable mention: The Equity Project (TEP) Charter School in New York City
    • CDE: The Community Builders, LISC and Capital One

Descriptions of the 2017 Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards winners can be found at www.novoco.com/events/awards/2017/community-development-qlicis-year-awards. Nominations for the 2018 round are due April 27, 2018.

In addition, the Novogradac Journal of Tax Credits conducts several award programs that recognize excellence in affordable housing, historic rehabilitation and renewable energy. More information can be found at www.novoco.com/events/awards.

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