"Phoenix Community Development and Investment Corporation (PCDIC) - Come and learn how PCDIC and the New Market Tax Credit (NMTC) can finance qualified commercial real estate projects with $61 million New Markets Tax Credits Allocation"

Speakers:

• Roberto Franco, Assistant Director, Community and Economic Develoment Department, City of Phoenix
• Karen Romero-Leone, Vice President & Treasurer, Phoenix Community Development and Investment Corporation

Speakers will discuss the $53 million NMTC award received in February 2011.  If you or your client is a small business owner, developer or nonprofit seeking to finance commercial real estate projects in the NMTC census tract you do not want to miss this presentation.  PCDIC will work with financial institutions and investors to incorporate NMTCs to provide credit enhancement and mitigate lending risks.  Qualified projects will be located in distressed NMTCs census tracts and include:

• Owner occupied small businesses
• Mission driven nonprofits
• Biomedical facilities
• Green industries

The goal is to encourage private sector investment in neighborhood revitalization and stabilization in low to moderate income communities in Phoenix, AZ.

PCDIC has funded $276.5 million in loans constructed in targeted areas, resulting in an additional $370 million in private investment and creating over 4800 construction jobs and more than 4000 long term jobs.  PCDIC's portfolio includes Cityscape Office Tower, CityScape's Kimpton Palomar Hotel, University of Arizona Medical School in downtown Phoenix, Spectrum Mall, Maryvale YMCA, Arizona Bridge to Independent Living, Hacienda Healthcare Skilled Nursing Facilty and Phoenix Rescue Mission's Changing Lives Center.  PCDIC is a 501 3 (C) not profit corporation.