Brad Stanhope profiles ASREF’s investment to redevelop and reopen the historic St. James Hotel in Selma, Alabama. The hotel, which opened in February 2021, is the only full-service hotel in Selma and is located at the foot of the Edmund Pettus Bridge, a National Historic Landmark that marks the site of the “Bloody Sunday” civil rights march. To read the full article in the Novogradac Journal of Tax Credits, click here: Opportunity Zones, HTCs Help Finance Key Hotel Near Site of ‘Bloody Sunday’ Events.
National New Markets Fund Awarded $95M in New Market Tax Credits (NMTCs) – its 15th Award from U.S. Department of Treasury
Since 2006, NNMF – Managed by SDS Capital Group – has financed 51 projects providing $752M of direct investment, creating and preserving more than 15,000 rural and urban jobs in distressed communities
