by MVPC Staff | Dec 18, 2023
The New Markets Tax Credit (NMTC) Program provides incentive for economic growth in low income communities by offering a federal tax credit to coporations that will invest in Community Development Entities (CDEs). A CDE is a financial intermediary which has private...
by MVPC Staff | Dec 18, 2023
The TDI Equity Investment Program helps make the transformation of commercial properties possible by aiding projects that will help development in TDI Districts. These projects are those that lack enough funding to continue, but would stimulate market demand if they...
by MVPC Staff | Dec 18, 2023
Commonwealth Places is an opportunity for communities to revitialize vacant or underused lots to help an area evolve to it’s fullest potential. The two types of grants attainable are Seed and Implementation grants. Seed grants are to enable community engagement...
by MVPC Staff | Dec 18, 2023
A more efficient process for local permitting. Permitting decisions regarding priority development sites are guaranteed to be decided on within 180 days. Sites must be zoned commericial, industrial, residential, or mixed use.
by MVPC Staff | Dec 18, 2023
Covering urban, suburban, and rural areas, the purpose of the CITC is to help communities partner with nonprofit, public and private organizations through CDCs to work on projects that improve economic opportunities for low and moderate income households. The CITC is...
