Tag Archives: New Markets Tax Credit

TruFund Invests $9Million In New Markets Tax Credits To CrossPlex Development In Birmingham, Alabama

Birmingham, AL – August 02, 2017 –TruFund Financial Services, Inc., through its subsidiary Empowerment Reinvestment Fund (ERF), today announced the investment of $9 million in New Markets Tax Credits to support the CrossPlex Development in Birmingham, Alabama. This investment will support the construction of a 101-room hotel, 6,500 square feet of retail with a coffee […]

TruFund Financial Awarded $55 Million in New Markets Tax Credit Allocation

New York, NY – November 18, 2016 – In the largest single round in the history of the New Markets Tax Credit (NMTC) Program since its creation in 2001, TruFund Financial Services, Inc. has been awarded $55 million to spur economic and community development in distressed and low-income communities. TruFund received the New Market Tax Credit […]