Urban Development Fund LLC Awarded $50 Million in New Markets Tax Credits Allocations, Marks 8th Award
Neil Freeman, President of Aries Capital affiliate Urban Development Fund (UDF) is pleased to announce that UDF was recently awarded an allocation totaling $50 million under the United States Department of the Treasury’s Federal New Markets Tax Credit (NMTC) Program. This marks the 8th award UDF has received for a total of $432.5 million since […]
Aries Capital Arranges Historic Tax Credit Equity for Chicago Student Housing Development
Aries Capital is pleased to announce that Chairman and CEO Neil Freeman has arranged approximately $10 million of historic tax credit financing on behalf of the borrower, Campus Acquisitions. The historic tax credit investment represents a significant portion of the required equity and will be used to fund the redevelopment and conversion of 20-28 E. […]
Urban Development Fund LLC Receives 6th New Markets Tax Credit Allocation
Neil Freeman, President of the Urban Development Fund, LLC (UDF), an affiliate of Aries Capital, is pleased to announce that UDF recently received an allocation totaling $35 million under the New Markets Tax Credit (NMTC) program for use in the recovery and redevelopment of low-income communities across the United States. This is the organization’s sixth […]
