|
|
|
MBS Wins New Markets Tax Credits… Again!
News Advisory - General Released: October 2007
On October 5th, 2007, the U.S. Department of the
Treasury's Community Development Financial
Institutions (CDFI) Fund announced that 61 Community
Development Entities (CDEs) had been selected to
receive allocations of New Markets Tax Credits
(NMTCs) through the 2007 round of the NMTC Program.
MBS Urban Initiatives CDE, an affiliate of McCormack
Baron Salazar, was awarded an allocation of $60
million. This is MBS’s second allocation of New
Markets Tax Credits in as many years, and it joins a
select group of multi-year award winners. Through
its first allocation, MBS Urban Initiatives has
provided key gap financing for a new cineplex in
historic downtown Knoxville, Tennessee, the
restoration and re-use of an historic tobacco
warehouse in Durham, North Carolina, and the
renovation of a former Woolworth Building in St.
Louis’ Grand Center. The 61 CDEs were awarded
a total of $3.9 billion in NMTC allocation,
including $400 million that was authorized by the
Gulf Opportunity Act of 2005 for specific use in the
recovery and redevelopment of the Hurricane Katrina
Gulf Opportunity Zone (GO Zone). Both of
MBS’s allocations are national in scope.
MBS Reviving the Inner City
News Advisory - General Released: May 2007
Read Full Article (PDF 912 KB)
Triangle Square Apartments Open in Hollywood Offering Senior Housing
News Advisory - General Released: March 2007
Read Full Press Release (PDF 196 KB)
View exterior photo of Triangle Square
View community photo of Triangle Square
View interior photo of Triangle Square
Operation Strategist at McCormack Baron Salazar is Active in Community
News Advisory - General Released: February 2007
Read Full Article (PDF 244 KB)
Anacosta Waterfornt Corporation Selects Hoffman-Struever Waterfront, LLC to redevelop the Southwest Waterfront
News Advisory - General Released: September 2006
District of Columbia, September 28, 2006 - The Anacostia Waterfront Corporation (AWC) announced today that it has selected Hoffman- Struever Waterfront, LLC to redevelop the Southwest Waterfront. The selection was approved by AWC’s Board of Directors at the Board’s meeting on Thursday, September 28th. The Board approved an exclusive rights agreement with Hoffman-Struever Waterfront, LLC to oversee the development of 47 acres of publicly owned land along the Washington Channel.
Hoffman-Struever Waterfront, LLC also includes development partners McCormack Baron Salazar, Stonebridge Associates, Acresh, MacFarlane Properties Company, SW Waterfront Capital, LLC, ER Bacon Development, Gotham Development, and Triden Development Group. The team’s LSDBE (local, small, disadvantaged business enterprise) partners will fund at least 50 percent of the contributed equity to the Master Developer’s entity.
Read Full Press Release (PDF 180 KB)
View Location Map (PDF 377 KB)
View Proposal Overview (PDF 3.7 MB)
National Law Center on Homelessness & Poverty to Honor the Best in Homelessness Pro Bono and Advocacy – McKinney-Bento Awards
News Advisory - General Released: September 2006
Washington, September 28, 2006 - The National Law Center on Homelessness & Poverty (NLCHP) will honor three groups at the 2006 Stewart B. McKinney & Bruce Vento Awards on October 3 for their innovative solutions to homelessness and poverty.
The Stewart B. McKinney Award recipient is the firm of McCormack Baron Salazar, a development company. McCormack Baron Salazar’s principals, Richard Baron and Tony Salazar, have been leaders in providing affordable housing in communities across the country. In particular, McCormack Baron Salazar has become a leader in establishing public private partnerships in housing, and has created a national model for extending housing solutions to persons with disabilities and to people living with HIV and AIDS.
To read more about the award, click here.
MBS Wins New Markets Tax Credits!
St. Louis Business Journal, June 1, 2006
 U.S. Bancorp Community Development Corp. and developer McCormack Baron Salazar were awarded $135 million and $60 million in tax credits, respectively, through the New Markets Tax Credit Program.
Dan Iannicola, a U.S. Treasury Department official and St. Louis native, announced the local awardees Thursday.
The U.S. Treasury Department announced Thursday a nationwide total of $4.1 billion in tax credits that will be awarded, including $600 million for redevelopment in Gulf Coast areas ravaged by Hurricane Katrina last August.
To read more about the new market tax credits, click here.
To download the story in full, please download the pdf (mbs_receives_tax_credits.pdf).
Richard Baron receives the National Award for Program Excellence
September 26, 2005, Boston
The award was given on behalf of the 6th North development, in the special needs category during NCSHA's 2005 Annual Conference in Boston. 6th North was one of 2 developments selected for the honor nationwide.
To read more about the award, click here
To read the executive summary, please download the pdf (executive summary.pdf).
Richard Baron In The Spotlight
St. Louis Commerce, February 2005
By Christine Imbs
Note that this is material republished with the permission of the St. Louis Commerce.
To read this article, please dowhe nload tpdf. (Richard Baron In the Spotlight.pdf).
Developer Sees a Bright Future for Downtown St. Louis
St. louis Dispatch, November 19, 2004.
By Linda Tucci
Note that this is material republished with the permission of the St. Louis Post-Dispatch.
Note that this article is copyrighted 2004 St. Louis Post-Dispatch
To read this article, please download the word document. (brightfuture.doc).
McCormack Baron Takes Second Shot at Apartments
St. louis Dispatch, October 29, 2004.
By Charlene Prost
Note that this is material republished with the permission of the St. Louis Post-Dispatch.
Note that this article is copyrighted 2004 St. Louis Post-Dispatch
To read this article, please download the word document.
(second_shot.doc).
Richard Baron receives ULI Award
Urban Land Institute, October 22, 2004.
To read this article, please download the word document. (uli_release.doc).
"Building A Community, Not Just Housing"
Planning, American Planning Association Magazine, March 2004 Edition
By Sherrie Voss Matthews.
To read this article, please download the pdf (community.pdf).
|
