Ebs Tax Credits

the first 7 years of ebs involved delivering affordable housing program funds under contract to foster and associates (later capital for compassion). some of those projects included nmtc funds. ebs helped integrate the two funding sources, often with the community funding group, on 9 projects. the second phase of ebs included a partnership with capital for compassion. the team directly sourced and closed over $320 million of new markets tax credits in 7 years from 46 sub-allocations across 24 separate closings, from 21 unique cdes and 8 different investors. the third and current phase of ebs, building on this foundation, is to continue delivering projects high in impacts through efficient closings, broadening the scope of community facilities served across the country, and diversifying possible funding sources. we are excited to see growth in our communities over the next 7 years and beyond! the typical ebs project is the new construction or renovation and expansion of a faith-based