Cases & Deals

National bank makes two new market equity investments sponsored by the Shelter Ministries of Dallas

Clients National bank

Jones Day represented a national bank in connection with its new market equity investments in connection with two separate projects in Dallas, Texas sponsored by the Shelter Ministries of Dallas. One project for the Genesis Center for Counseling & Support will provide financing for the construction of a new shelter facility that will serve victims of domestic abuse. The other project, for Austin Street Center, will provide financing for the construction of a new shelter for the homeless, which will be one of the largest such facilities in the City of Dallas. The combined new markets tax credit financing for these two projects is in excess of $30 million.