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  INVESTMENTS BUILDING COMMUNITIES By Bill Poquette, Editor-in-Chief (Excerpt - read full article via the link below.) The successful launch last year of the Kansas City Equity Fund is enabling financial institutions and other corporations to invest in tax credit financed developments in the Kansas City area. The KCEF and its 20-year-old parent, St. Louis Equity Fund Inc., raise capital on an annual basis and invest it in affordable and historic rental housing units by purchasing federal and state tax credits. READ THE FULL ARTICLE (PDF, 2 PG, 420KB) >>> # # # # HOUSING TAX CREDITS FIND HOME IN MARKET By Steve Vockrodt | Staff Writer (Excerpt - read full article via the link below.) Low-income housing tax credits are drawing renewed interest in Kansas City as one of the few bright spots in an otherwise dim housing market. The tax credits, designed to give developers capital with which to renovate historic buildings or build new complexes for rental properties, have come as welcome relief for individuals and families who can't afford homes of their own or obtain loans in the current housing crisis. Erica Dobreff, president of Kansas City Equity Fund, said low-income tax credits have been as steady investment for local banks. Kansas City Equity Fund raised about $4.5 million and made its first investment in Westside Apartments in 2007. READ THE FULL ARTICLE (PDF, 1 PG, 572KB) >>> # # # #  Visit
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