Funding Options Using New Market Tax Credits, Bonds and Equity

Obtain information on New Market Tax Credits. I will also forward more information on NMTC and other funding options to anyone that leaves their email address in the comments area or anyone that request information at secureprojectz@gmail.com

If you have any questions please contact me at 404-825-6604 and if you would like to speak with any of the team members they will be ready to answer any questions you may have.

Team Members

Chet Jones- finance and strategic consultant for business development and funding. Mr.Jones has the capacity to fund deals using bonds, private equity, and institutional investors. Mr. Jones has worked with Ted Turner in day to day operations when Ted was running Turner Broadcasting.

Al Collins managing partner- Raintree Holding Group (CDE) Community Development Entity which the New Market Tax Credit must flow through CDE to fund deals in low income communities. Also Mr.Collins has extensive relationships with HUD,private investors, and government entities that focus on urban mixed use development.

Michelle Jones

Comfort Systems USA is the team she work with. Comfortsystemsusa.com which will fund and build commercial projects

where the principals will keep control of 35% of the project and no equity position is needed after completion.

– Ms. Jones is the Founder, President and CEO of Eternal Life Changers, Inc.,

parent company of THE` Emmanuel, LLC of New Orleans, LA. She is responsible for strategic

planning, business development and capital acquisition for the company. Prior to founding Eternal

Life Changers, Ms. Jones served as a grant writer for the University of Connecticut, where she wrote

and received many grants, as well as, served as the administrator for all the grants in excess of

$90,000,000.00. The Cancer Center, General Clinical Research Centers, and Green House Effects

in the inner cities, are some of the projects over the last 17 years that Ms. Jones spearheaded for the

University of Connecticut. Ms. Jones was solely responsible for getting the location, employees,

supplies, computer systems, and administration of Governmental grants for these projects. Currently

she is the manager of Total Community Action Federal Credit Union in New Orleans, Louisiana. In

less than 5 ½ months of her tenure at the credit union, she has successfully secured in excess of

$500,000 that will be used to provide low interest loans to members of the community. Seventeen

years of financial experience and 12 years of Management experience has prepared her with

incredible skill with knowledge of Local, State, and Federal rules and regulations.

Lernie C. Jones – Mr. Jones is VP of Operations & Vice-President of Logistics, THE` Emmanuel,

LLC of New Orleans, LA. He founded J & J Rehabilitation & Construction Co. in 1987. J&J was

incorporated in Nov.1990. Mr. Jones, a 2 generation tradesman, is a graduate of Southern Illinois

University 1987 with a degree in Construction Engineering.

Mr. Jones has 20 years of experience in construction and development management. Now

as president of J&J Rehabilitation and Construction Company of Chicago Ill, a subsidiary of J & W

Development, J & J Holding. Currently J & J Rehab and Construction are in engaged in building 2

condo towers on an $181M project.

Mr. Jones is also heading up development on South King Drive for single family homes which are a

$36M project, and in Aug of 2007 one of the homes was featured on Forbes magazine as one of the

best houses under $1m with such amenities. They range from $920,000 to $940,000.

Mr. Jones’ Affiliations include the following:

• Black Contractor’s United

• African American Region Committee

• Signator, Chicago Carpenters Union

• Cosmopolitan Chicago Chamber of Commerce

• Building Association of Americaichelle Jones
--

Ahmed Wadsworth

Single Parent Tax Credit: Kick off the Tax Refunds

Refunds for many taxpayers will be the bridge funds that pave the way to the new car, new home, new business or needed vacation.  This year the child tax credit is $1,000 per child.  The difference between this tax credit and most other tax credit is that it results in a refund check.  Most tax credits are used to reduce tax liability and are these credits are applied to tax liability which could increase your refund or lower the payment to the IRS. 

There are ways to increase your refundable tax credits, but that is a plan that must be implemented during the tax year and the benefits will be captured at the end of the tax year.  Self Employment Tax will be higher this year. Switch to a payroll system which would generate a W-2 instead of a 1099 to capture your earned income then you will give less to Uncle Sam and your refund will be higher. 

Make plans during the tax year that will give you a higher refund so that you can get the most out of your spending.  The spending moves that result in higher refunds or not expensive and can be implemented by the average person.  Make plans for your success and eliminate failure from your future.  Find out more by emailing questions to taxmax@rocketmail.com or by following and commenting at this blog.

by Chet Jones

INSIDE JOB: New Documentary Exposes How 'Banksters' Continue To Steal Ou...

Lower Tax Liability - 5 Things to do before year end.

Self Employed Individuals will be hit with a higher tax liability.  Many individuals are sole stock holders in their LLC, S Corp or Sole Proprietorship.  Avoiding the higher tax liability can occur by simply implementing a payroll system or contracting a 3rd party to prepare your pay checks so that you treat yourself as an employee of your company.  At Year End your will receive a W 2. 

 Assets that have been fully depreciated and still in service should be sold to LLC's, S Corp's or Sole Proprietorship's that are in need of depreciation shields.  This will start the depreciation clock ticking again and shield future income with non-cash deductions.

Invest in projects or vehicles that provide tax credits.  Tax credits offset tax liability.  Spend extra cash on vehicles that provide you with lower expenses in the upcoming year and tax credits that offset tax liability such as energy efficient appliances, mechanical, capacitors and solar panels.

Year End Profits should be placed in deferred compensation.  Year End IRAs with gold acquisitions would be an excellent direction for your money if year end profits are huge.  Year End Real Estate transactions should be executed as 1031 Exchanges to avoid taxes.

More information can be provided by contacting Chet Jones at 770-895-4385.

Renewable Energy Dependent on Subsidies

Development of wind and solar energy is greatly dependent on government economic support in the form of subsidies and outright grants. Dependence on foreign oil is dangerous to our survival. Natural gas is abundant, clean and cheap. Gas can provide our independence from foreign sources of oil.

Wind sources in many parts of the country are limited by restrictions on wind farm locations. Further, the costs are prohibitive without large government subsidies. The wind and solar industries lobby wants a legislative imperative on the percentage of wind and solar that we must use. This is a so-called renewable energy standard. If all energy taxation were applied to wind and solar, wind and solar could produce only enough energy for a small part of our needs. American Wind Energy Association CEO Denise Bode has said that Oklahoma has wind resources to provide more than 30 times of the state's current electricity needs. She fails to say what the subsidies and grants would cost taxpayers.

Natural gas is greatly needed now to fuel our industrial machine. Renewable energy standards restrict a free market. We need to let the free market run its course with no renewable energy standards.

Sid M. Groom Jr., Edmond

Modify Save Your Home

Mortgage Modification is a good option to save your home from foreclosure or to just make your home affordable.  Many homeowners have received forbearance agreements which are temporary solutions and have considered this a mortgage modification.  Forbearance agreements are mortgage modifications, but not in the since that the term is used by house counselors. 

House counselors generally consider mortgage modifications a permanent solution.  When a homeowner receives the a lower interest rate or a payment lowered by $100 or is given terms resulting in a higher payment, but repays the past due balance; a homeowner is typically grateful.  This is not the optimal situation for the homeowner, but some are satisfied because of the payment reduction relief or because they of a feeling of self worth for repaying a past due balance. 

House counselors would generally get a modification with permanent favorable consequences.   Past due payments are placed on the back as a silent second.  Silent seconds can also occur if house value has been reduced because of foreclosures in their neighborhood.  In most cases, modifications can occur that have the most favorable results with the assistance of  a house counselor.   

Don’t Worry About China, Japan Will Finance U.S. Debt

I am posting this because the treasury bonds have been getting investors that offset China's shedding of the dollar.  I told this story in a much different way a month ago, but this was my meaning.  I actually called the Japanese Yen, Chinese...of course I know that the Yen is Japanese.   Forgive me for the currency confusion, but the substance of my conversation is referenced in this article.

By Alex Frangos

China has been diversifying its $2.5 trillion reserves away from the dollar, causing some to worry that less Chinese buying of Treasurys would cause U.S. interest rates to rise and make it more difficult for the government to borrow.


National flags of Japan and the U.S. are seen near a graph displaying the movements of the U.S. dollar and the Japanese yen foreign exchange rates at a dealing room in Tokyo September 15.But Japan’s dollar buying in currency markets Wednesday shows Chinese reserve diversification might actually lead to even more demand for Treasurys.

Here’s how. As China diversifies out of U.S. dollar-denominated assets such as Treasurys, it is buying debt denominated in the currencies of some of its biggest trading partners. Not wanting to lose competitiveness themselves, those trading partners in turn buy dollars to keep their currencies cheap.

As part of the diversification push, China has been a major buyer of yen, snapping up $27 billion in yen so far this year according to Japan’s Ministry of Finance. Analysts say China’s buying has helped an already strong yen get stronger.

Now, Japan, feeling under pressure to weaken its currency, turned around and bought dollars, most likely in the form of Treasurys. It isn’t clear exactly how much dollar buying Japan will have to do to protect the yen from getting stronger, but it’s likely to more than offset China’s diversification into the yen. If the past is a guide, Japan spent $320 billion in its last intervention from 2003 to 2004. And this time the currency markets are 73% far larger, with $568 billion dollar-yen trading a day, according to the Bank for International Settlements.

Japan is not alone in this phenomenon. China has also bought South Korea’s currency, the won. And South Korea routinely intervenes in currency markets, buying dollars to keep its currency from rising too quickly, again offsetting China’s move out of the dollar.

Read this post in Japanese/日本語訳はこちら≫