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PACDC Partners with Citi and National Development Council To Sponsor Economic Development Trainings

Submitted by Garrett ODwyer on Thu, 02/09/2012 - 15:43

More than 70 people gave high marks to two, two-day Economic Development trainings they attended in January.  Sponsored by Citi and taught by the National Development Council, the courses on New Market Tax Credits and Economic Development Finance with Business Credit Analysis were hosted at PECO energy.  PACDC hopes to partner again with Citi to offer an additional course later in the year.     

 

PACDC Fact

  • PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.

  • The Philadelphia Housing Trust Fund has raised more than $67 million in revenue since September 2005 to expand housing opportunities for Philadelphia families.

  • The CDC Tax Credit Program has fostered 30 partnerships between businesses and CDCs that is providing $30 million in new funding to support neighborhood economic development.

  • PACDC’s Member Services programming builds the capacity of CDCs through technical assistance and training, the sharing of ideas, best practices, and promotion of the local CDC industry.

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