Skip to content
CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • topics
    • State Government
    • Environment
    • Health Care
    • Race and Equity
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
  • Music
    • genres
    • Classical
    • Jazz
    • Eclectic
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight With Vicki Gonzalez
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

Nevada Tax Credit Program Will Invest Millions In Low-Income Areas

  •  Ky Plaskon 
Tuesday, January 13, 2015 | Sacramento, CA
Listen
/
Update RequiredTo play audio, update browser or Flash plugin.
  

A tractor leveled an old motel in Downtown Reno Monday. Northern Nevada Hopes will build a 37,000 square-foot medical facility on the site. The project is partially paid for by Nevada’s New Market Tax Credit Program. Banks and insurance companies can invest up to $300 million dollars in businesses, non-profits and infrastructure in return for federal and state tax credits. Northern Nevada Hopes CEO, Sharon Chamberlain, says this is a demonstration project for low-income areas state-wide.

“The thing that is remarkable about this program is the benefit that it has because it targets specifically distressed and low-income areas. Not only does the project have to be in one of those areas but it also has to serve that community.”

Chamberlain says similar tax credit programs have been in place in other states for years, but until now no similar investment opportunities have been available in Nevada.


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

 reno

Ky Plaskon

Former Contributing Sierra/Reno Reporter

Ky was a contributing reporter to Capital Public Radio through June 2015.  Read Full Bio 

 Email Ky Plaskon

Sign up for ReCap and never miss the top stories

Delivered to your inbox every Friday.

 

Check out a sample ReCap newsletter.

Thanks for subscribing!

Thank you for signing up for the ReCap newsletter! We'll send you an email each Friday with the top stories from CapRadio.

Browse all newsletters

More Stories

Manola Secaira / CapRadio

Californians still want clean, safe water a decade after state declared it a human right

August 11, 2022

Courtesty of University of the Pacific

Cancer patients who take opioids often struggle with constipation. These Stockton-based researchers may have a solution.

August 12, 2022

Andrew Nixon / CapRadio

Longest triple-digit heatwave of the year arrives in Sacramento this week

August 15, 2022

Most Viewed

Stalled U.S. Forest Service project could have protected California town from Caldor Fire destruction

Who is Harriet Hageman, the woman who beat Liz Cheney in the Wyoming House race?

California coronavirus updates: First Lady Jill Biden tests positive for COVID-19

California coronavirus updates: WHO renames monkeypox subvariants away from regional signifiers

Abortion is still legal in California. Here are answers to questions about access in the state.

We Get Support From:
Become a Supporter

Most Viewed

Stalled U.S. Forest Service project could have protected California town from Caldor Fire destruction

Who is Harriet Hageman, the woman who beat Liz Cheney in the Wyoming House race?

California coronavirus updates: First Lady Jill Biden tests positive for COVID-19

California coronavirus updates: WHO renames monkeypox subvariants away from regional signifiers

Abortion is still legal in California. Here are answers to questions about access in the state.

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Careers & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2022, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.