October 24, 2013
The Novogradac Journal of Tax Credits awarded National New Markets Fund (NNMF) the honorable mention for the 2013 Operating Business QLICI of the Year for financing the expansion of the San Antonio Lighthouse for the Blind’s new facility in San Antonio, Texas.
In 2012, NNMF made a $12.7 million NMTC investment to the San Antonio Lighthouse for the Blind to construct a 60, 000-square-foot multi-purpose facility. The new facility will provide career guidance, jobs, technology training, youth services, placement programs and a free low-vision clinic for more than 6,000 blind or severely visually impaired people annually. The center currently employs nearly 500 low-income or blind individuals.
NNMF and San Antonio Lighthouse for the Blind were recognized at the 2013 Novogradac Journal of Tax Credits Community Development Awards ceremony in New Orleans, LA, on October 10, 2013.
Video: Courtesy of Novogradac & Company LLP