Rural Development Partners of Forest City (IA) allocated $15 million in New Markets Tax Credits (NMTC) to Freestore Food Bank (FSFB) of Cincinnati (OH). The funding will help expand the capacity and efficiency of the distribution center to fight food insecurity in a twenty-county tri-state region. FSFB is the largest emergency food and service provider in Greater Cincinnati, Northern Kentucky, …
Rural Development Partners Welcomes Debra Shoaf to Advisory Board
(Forest City, IA) November 9, 2020: Rural Development Partners is pleased to welcome Debra Shoaf to its New Markets Tax Credit (NMTC) Advisory Board. Debra oversees the finance, risk management, and real estate functions for Atlanta Community Food Bank. The Food Bank is a $160MM+/year organization that is on target to procure and distribute over 100 million pounds of food …
New Market Tax Credit Instrumental in Expansion of Pennsylvania Food Bank
Forest City, IA Rural Development Partners (RDP) is pleased to announce their partnership with Greater Pittsburgh Community Food Bank (GPCFB) to expand healthy food distribution in the 11-county area they serve. RDP will allocate $16 million of New Market Tax Credits (NMTC) to renovate and expand the Duquesne, Pennsylvania Food Bank; serving as headquarters to more than 400 partner agencies …
