National Trust Community Investment Corporation

Arcadia joins EDPR NA Distributed Generation and Google partnership to implement bill reductions for 25,000 low-income households & deploy pre-weatherization funds with nonprofit Elevate

Retrieved on: 
Wednesday, November 8, 2023

Elevate will partner with local communities in Ohio to install health and safety home improvements made possible by the $12.5M Community Investment Fund the program creates.

Key Points: 
  • Elevate will partner with local communities in Ohio to install health and safety home improvements made possible by the $12.5M Community Investment Fund the program creates.
  • In a first-of-its-kind move, EDPR NA DG and Google announced their innovative partnership in April 2023 to rapidly address both carbon-free and social impact goals.
  • "This collaboration stems from a tremendous amount of thought leadership and technological innovation from the teams at EDPR NA DG, Arcadia, Elevate Energy, and Google.
  • "This partnership exemplifies our commitment to cheaper, cleaner energy access," said Kiran Bhatraju, co-founder and CEO of Arcadia.

Center for Community Investment Announces Launch of Innovative Climate Justice Program

Retrieved on: 
Monday, November 6, 2023

The unprecedented influx of federal funds for cost-saving and pollution-reducing climate projects has the potential to be a game changer for communities working to advance climate resilience and justice.

Key Points: 
  • The unprecedented influx of federal funds for cost-saving and pollution-reducing climate projects has the potential to be a game changer for communities working to advance climate resilience and justice.
  • The Climate Resilience Fast Track is targeted to multisector teams looking to prepare their communities for a resilient, equitable future.
  • “Communities will be best served by a holistic approach to climate resilience that centers equity, which makes climate justice central to racial and economic justice,” said Ashlee Cunningham, Initiative Director at the Center for Community Investment.
  • For more information about the Capital Absorption Framework, the Climate Resilience Fast Track, or the Center for Community Investment, contact Initiative Director Ashlee Cunningham at [email protected] or Executive Director and Cofounder Robin Hacke at [email protected] .

Comerica and FHLB Dallas Celebrate Opening of Affordable Apartments Helped by $750K in Funding

Retrieved on: 
Thursday, October 12, 2023

It was built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through one of its members, Comerica Bank.

Key Points: 
  • It was built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through one of its members, Comerica Bank.
  • “We are grateful for the generous support of financial partners like FHLB Dallas whose funding via Comerica Bank made this project possible.
  • “We thank Comerica Bank and FHLB Dallas for funding affordable solutions to the housing shortage in Houston,” said Joy Horak-Brown, president and CEO of New Hope Housing.
  • “Thanks to the support of FHLB Dallas, we’ve provided gap funding to several affordable housing projects in Houston including NHH Savoy,” Mr. Baker said.

400 China Basin Announces New Website Launch for BMR Condo Project in San Francisco’s Mission Bay

Retrieved on: 
Thursday, October 12, 2023

400 China Basin, a significant BMR (Below Market Rate) condo initiative situated in the heart of San Francisco's Mission Bay, proudly announces the launch of its brand new website at www.400chinabasin.com .

Key Points: 
  • 400 China Basin, a significant BMR (Below Market Rate) condo initiative situated in the heart of San Francisco's Mission Bay, proudly announces the launch of its brand new website at www.400chinabasin.com .
  • Additionally, visitors can immerse themselves in insightful content about San Francisco's Mission Bay area and gain valuable insights about embarking on the journey of new homeownership.
  • 400 China Basin is an integral component of a broader initiative spearheaded by the Office of Community Investment and Infrastructure.
  • About 400 China Basin: 400 China Basin is a premier BMR condo project in San Francisco's Mission Bay, offering permanent affordable home ownership to middle-income individuals and families.

The Federal Home Loan Bank of Dallas and Members Award More Than $160K to 13 Louisiana Community Organizations

Retrieved on: 
Thursday, September 28, 2023

Louisiana community-based organizations received $160,250 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and 14 member institutions.

Key Points: 
  • Louisiana community-based organizations received $160,250 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and 14 member institutions.
  • A total of $557,250 was awarded to community organizations through its annual Partnership Grant Program (PGP).
  • “With its matching funds, our Partnership Grant Program gives our members added leverage to support local nonprofits,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
  • For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .

The Federal Home Loan Bank of Dallas and Members Award $46,000 to Four Arkansas Community Organizations

Retrieved on: 
Thursday, September 28, 2023

Four Arkansas community-based organizations received $46,000 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and three member institutions.

Key Points: 
  • Four Arkansas community-based organizations received $46,000 from the Federal Home Loan Bank of Dallas (FHLB Dallas) and three member institutions.
  • A total of $557,250 was awarded to community organizations through its annual Partnership Grant Program (PGP).
  • “With its matching funds, our Partnership Grant Program gives our members added leverage to support local nonprofits,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
  • For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .

Federal Home Loan Bank of Dallas and New Mexico Bank & Trust Award First-Time Homebuyer $8K

Retrieved on: 
Monday, September 18, 2023

He wanted to buy a home there, but it was tough to find one big enough, yet still affordable, for him and his five children.

Key Points: 
  • He wanted to buy a home there, but it was tough to find one big enough, yet still affordable, for him and his five children.
  • The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member New Mexico Bank & Trust (NMB-T) awarded Mr. Gilland an $8,000 Homebuyer Equity Leverage Partnership (HELP) subsidy to assist him with down payment and closing costs.
  • It’s such a good deal,” said Mr. Gilland, a 33-year-old father of five who works at a local fulfillment center.
  • “It’s rewarding to see the program at work.”
    Visit fhlb.com/help to view current availability of HELP funds.

The Federal Home Loan Bank of Dallas and Members Award More Than $557K to 43 Community Organizations

Retrieved on: 
Friday, September 15, 2023

More than $557,000 in funding was awarded to 43 community-based organizations by the Federal Home Loan Bank of Dallas (FHLB Dallas) and 33 member institutions.

Key Points: 
  • More than $557,000 in funding was awarded to 43 community-based organizations by the Federal Home Loan Bank of Dallas (FHLB Dallas) and 33 member institutions.
  • FHLB Dallas members provided $157,250 in funding, and FHLB Dallas contributed another $400,000 in match-funding through its annual Partnership Grant Program (PGP).
  • Under the program, FHLB Dallas member institutions contribute $500 to $4,000 to a nonprofit, which FHLB Dallas matches at a 3:1 ratio to provide up to $12,000 to the organization per member.
  • For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .

State of State-Level Historic Tax Credits Set for Discussion at Novogradac Conference

Retrieved on: 
Wednesday, August 30, 2023

SAN FRANCISCO, Aug. 30, 2023 /PRNewswire-PRWeb/ -- Panelists and participants will dive deeper into the possible benefits that state-level historic tax credits (HTCs) can bring a rehabilitation project in a session that will also showcase the federal and state HTCs' private-public partnership at the Novogradac 2023 Historic Tax Credit Conference, Oct. 12-13, at the Charlotte Marriott City Center in Charlotte, North Carolina.

Key Points: 
  • Novogradac to Host 2023 Historic Tax Credit Conference, Oct. 12-13, in Charlotte, North Carolina
    SAN FRANCISCO, Aug. 30, 2023 /PRNewswire-PRWeb/ -- Panelists and participants will dive deeper into the possible benefits that state-level historic tax credits (HTCs) can bring a rehabilitation project in a session that will also showcase the federal and state HTCs' private-public partnership at the Novogradac 2023 Historic Tax Credit Conference , Oct. 12-13, at the Charlotte Marriott City Center in Charlotte, North Carolina.
  • "With the cost of other project funding sources increasing as interest rates have increased, more projects are needing subsidies such as state historic tax credits," said Tom Boccia, a partner in Novogradac's Cleveland office and chair of the conference.
  • "With the cost of other project funding sources increasing as interest rates have increased, more projects are needing subsidies such as state historic tax credits.
  • The conference also includes a ceremony honoring recipients of the 2023 Novogradac Journal of Tax Credit Historic Rehabilitation Awards , which recognize outstanding developments that strive for excellence in historic preservation.

Federal Home Loan Bank of Dallas Announces $1M to Mitigate and Prevent Heirs’ Property Issues

Retrieved on: 
Friday, August 11, 2023

The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the Heirs’ Property Program and the availability of $1 million for member institutions to assist nonprofit, governmental and tribal entities with initiatives that prevent or address heirs’ property issues.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the Heirs’ Property Program and the availability of $1 million for member institutions to assist nonprofit, governmental and tribal entities with initiatives that prevent or address heirs’ property issues.
  • Heirs’ property refers to property inherited without a will or legal documentation proving ownership.
  • Each successive generation generally results in more heirs being added to the inheritance, which can complicate proof of ownership.
  • Through FHLB Dallas members, organizations may receive up to $75,000 to mitigate heirs’ property issues and up to $25,000 to provide preventative education and awareness of heirs’ property issues.