CDF Development, LLC, will limit its $100 million second-round New Markets tax credit (NMTC) investments to large retail real estate projects that have local government involvement and must have the tax credits to make the deals work. Jonathan Cordish, vice president of CDF Development and its parent firm, The Cordish Company of Baltimore, discussed the company's NMTC investment strategy in an interview with HDR. Cordish is the son of David S. Cordish, president and chairman of the parent firm and former director of HUD's urban development action grant (UDAG) program. The Cordish Company is a national real estate development and operating company with a successful track record in low-income community retail development. The family-owned company was founded in 1932 by the late Paul L. Cordish.
展开▼
机译：CDF Development，LLC将把其1亿美元的第二轮新市场税收抵免（NMTC）投资限于大型零售房地产项目，这些项目需要地方政府的参与，并且必须具有税收抵免才能使交易正常进行。 CDF Development的副总裁及其母公司巴尔的摩的Cordish Company的Jonathan Cordish在接受HDR采访时讨论了该公司的NMTC投资策略。 Cordish是David S. Cordish的儿子，David S. Cordish是母公司总裁兼董事长，也是HUD城市发展行动补助金（UDAG）计划的前董事。 Cordish Company是一家全国性房地产开发和运营公司，在低收入社区零售开发方面拥有成功的记录。这家家族企业由已故的保罗·科迪什（Paul L. Cordish）于1932年创立。
展开▼
