Enhanced Capital Partners (“ECP”) and Roeder & Company announce the availability of $64 million in Oregon New Markets Tax Credit Allocation for qualified Oregon projects. ECP’s subsidiary community development entity, Enhanced Capital Development (“ECD”), has been awarded $64 million of allocation by Business Oregon, the agency of the State that administers the program. This amount is in addition to the original award of $32 million received in October 2012.
ECD and Roeder & Company are currently sourcing Oregon transactions that are able to use up to $8 million of Oregon New Markets Tax Credit allocation, the new maximum allocation allowed per transaction. Reynold Roeder, CEO of Roeder & Company stated, “The increase in the cap from $4 million to $8 million increases the efficiency of the program and doubles the subsidy to the project. We are seeing a high demand from project developers for the benefits from the tax credit.” Interested parties should contact Mr. Reynold Roeder at (503) 320-5540 or Mr. Richard Montgomery at (504) 569-7904 regarding the applicability of Oregon NMTCs to their project or capital needs.
ECD and Roeder & Company are currently sourcing Oregon transactions that are able to use up to $8 million of Oregon New Markets Tax Credit allocation, the new maximum allocation allowed per transaction. Reynold Roeder, CEO of Roeder & Company stated, “The increase in the cap from $4 million to $8 million increases the efficiency of the program and doubles the subsidy to the project. We are seeing a high demand from project developers for the benefits from the tax credit.” Interested parties should contact Mr. Reynold Roeder at (503) 320-5540 or Mr. Richard Montgomery at (504) 569-7904 regarding the applicability of Oregon NMTCs to their project or capital needs.
RSS Feed