Carlson added, We are pleased to continue building our relationship with Canadian Solar and USBCDC.
The USBCDC VP Adam Altenhofen commented, Canadian Solar is bringing an important piece of the renewable energy framework to North Carolina with this project.
As a partner in the CAFWF, USBCDC is committed to participating in financing for business and developments that support that effort as a NMTC investor.
5 million in NMTC equity from USBCDC and a $4 million term loan from NCB Capital Impact in partnership with The California Endowment.
is the nation's most active New Markets Tax Credit investor, both in dollars invested and transactions closed.
is the most active New Markets Tax Credit investor in the country, investing billions of dollars nationwide in hundreds of transactions.
John Schiffer, Director of LIHTC Asset Management for USBCDC, noted that investing in projects like 1502 Michigan Place is critical to putting people back to work while filling the gap in cost-effective housing.
In addition, USBCDC provides resources and expertise in the rehabilitation of historic buildings, the development of renewable energy facilities and the generation of commercial economic activity in low-income communities.
USBCDC and City First Bank first teamed up in 2005 to finance the renovation of the Atlas Performing Arts Center on H Street NE and have since collaborated to support the construction of Habitat for Humanity homes in D.
USBCDC is the largest New Markets Tax Credit investor in the country, investing billions of dollars nationwide in hundreds of transactions.
Matt Philpott, Director of New Markets, Historic and Renewable Energy Tax Credit Investments for USBCDC
, said, "Access to healthy food is a critical problem for millions of Americans.
In addition to renewable energy projects, USBCDC
also finances affordable housing and community development projects through the use of Low-Income Housing, Historic, and New Markets Tax Credits.