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East Baton Rouge Community Development Entity

​The East Baton Rouge Community Development Entity (EBRCDE) is the organization certified to participate in the federal New Markets Tax Credit (NMTC) Program. The EBRCDE is a non-profit corporation and serves as an intermediary vehicle for the provision of loans, investments, or financial counseling in low-income communities. Build Baton Rouge is the only public entity in Baton Rouge to be awarded NMTCs and created the EBRCDE to administer its NMTC program. The NMTC program was established in 2000 by federal legislation. Under the program, Congress authorizes the amount of credit, which the United States Treasury then allocates to qualified applicants.

Since 2003, the program has parceled out credits worth nearly $23 billion. The NMTC program has supported more than 4,800 projects in all 50 states, the District of Columbia, and Puerto Rico. Some 43 percent of the US’s roughly 73,000 census tracts qualify for NMTC investments; by 2015, approximately 3,300 had received NMTC projects. In recent years, all applicants have pledged to place at least 75 percent of their NMTC projects in “severely distressed” census tracts.

In 2009 Build Baton Rouge received a $60 million allocation of NMTCs which were used to support the following projects:

YMCA – Americana
401 Liberty Way, Zachary, LA

YMCA – Howell Place
7717 Howell Boulevard

Honeywell
2966 Lupine Avenue

Emerge Center
7784 Innovation Park Dr.

Hampton Inn & Suites
462 Lafayette Street

Sub-CDE Meetings

AGENDAS

2012
December 13, 2012- Fund V
October 22, 2012- Fund V
May 31, 2012- Fund IV
May 1, 2012- Fund III, Special Meeting

2011
August 18, 2011- Fund II
August 8, 2011- Fund II
May 26, 2011- Fund I

2010
September 8, 2010- Fund I, Special Meeting
August 17, 2010- Fund I, Fund II, Fund III, Fund IV, Fund V, Fund VI
May 20, 2010- Fund I, Fund II, Fund III, Fund IV, Fund V, Fund VI

MINUTES

2012
December 13, 2012- Fund V
October 22, 2012- Fund V
May 31, 2012- Fund IV
May 1, 2012- Fund III

2011
August 18, 2011- Fund II
August 8, 2011- Fund II
May 26, 2011- Fund I

2010
September 8, 2010- Fund I, Special Meeting
August 17, 2010- Fund I, Fund II, Fund III, Fund IV, Fund V, Fund VI
May 20, 2010- Fund I, Fund II, Fund III, Fund IV, Fund V, Fund VI

EBRCDE Inc.