Stonehenge Streets
Stonehenge Streets Read More »
PART I: BUSINESS STRATEGY
Total Maximum Points for Part I: 25 points, plus up to 10 additional “priority points†available under sub- sections B and E.
TIP: An Applicant will score well in this section to the extent it can articulate, with specificity, its strategy to use an NMTC Allocation and can describe a strong, relevant track record, including a track record of serving LICs. Included in this section is the ability to earn “priority points†for meeting the statutory priorities of: 1) investing in Unrelated entities; and/or 2) demonstrating a track record of serving Disadvantaged Businesses or Communities. Refer to the NOAA for further information on the statutory priorities
A. Products, Services, and Investment Criteria
TIP: For the purposes of completing the Business Strategy section and all relevant exhibits, Real Estate Activities refers to the development (including construction of new facilities and rehabilitation/enhancement of existing facilities), acquisition, management, or leasing of real estate.
Non-real estate activities refer to all other types of business activities.TIP: An Applicant will score well under the Products, Services, and Investment Criteria sub-section to the extent that it clearly describes its financial products and will deploy debt or equity capital, or offer products and services that feature more favorable rates, terms, structuring and non-traditional features when compared with market offerings. Please note, these criteria do not apply for an Applicant who intends to use its NMTC Allocation to pursue Financial Counseling and Other Services (FCOS) as their sole line of business.
TIP: The 2015 NOAA states, “as a condition of eligibility for this Allocation Round, the Applicant will not be permitted the use of the proceeds of Qualified Equity Investments (QEIs) to make Qualified Low-Income Community Investments (QLICIs) in Qualified Active Low-Income Community Businesses (QALICBs) where QLICI proceeds are used to repay or refinance any debt or equity provider or a party related to any debt or equity provider whose capital was used to fund the QEI except if: (i) the QLICI proceeds are used to repay documented reasonable expenditures that are directly attributable to the qualified business of the QALICB, and such past expenditures were incurred no more than 24 months prior to the QLICI closing date; or (ii) no more than five percent of the QLICI proceeds are used to repay or refinance prior investment in the QALICB. Refinance includes transferring cash or property directly to any debt or equity provider or indirectly to a party related to any debt or equity provider.â€
NMTC Application, Page One Read More »
"Why I Miss George W. Bush" -- Mehdi Hasan in the New York Times, November 30, 2015:
Minorities matter — in general, if not primary, elections. A study commissioned by the Republican National Committee in the wake of Mitt Romney’s 2012 defeat noted how “many minorities wrongly think that Republicans do not like them or want them in the country.†To be sure, Muslims constitute just 1 to 2 percent of voters in the United States, but in 2000, when the presidential election turned on just 537 votes in Florida, more than 46,000 Muslims in that state voted Republican. In the view of the influential conservative activist Grover Norquist, “George W. Bush was elected president of the United States of America because of the Muslim vote.â€
Mr. Bush’s foreign policy may have harmed Muslims abroad, but at home he courted Muslim-American voters and refused to lazily conflate Islam with terrorism. Mourning Mr. Bush’s re-election in 2004, the economist John Kenneth Galbraith remarked: “I never thought I would ever long for Ronald Reagan.†I recognize the sentiment, as I listen to the irresponsible Muslim-hating rhetoric of the current crop of candidates.
I never thought I’d say it, but now I long for the Republican Party of George W. Bush.
Why He Misses George W. Bush Read More »
Lydia Wilson in The Nation, 10/21/15:
 There is no question that these prisoners I am interviewing are committed to Islam; it is just their own brand of Islam, only distantly related to that of the Islamic State. Similarly, Western fighters traveling to the Islamic State are also deeply committed, but it’s to their own idea of jihad rather than one based on sound theological arguments or even evidence from the Qur’an. As Saltman said, “Recruitment [of ISIS] plays upon desires of adventure, activism, romance, power, belonging, along with spiritual fulfillment.†That is, Islam plays a part, but not necessarily in the rigid, Salafi form demanded by the leadership of the Islamic State.
More pertinent than Islamic theology is that there are other, much more convincing, explanations as to why they’ve fought for the side they did. At the end of the interview with the first prisoner we ask, “Do you have any questions for us?†For the first time since he came into the room he smiles—in surprise—and finally tells us what really motivated him, without any prompting. He knows there is an American in the room, and can perhaps guess, from his demeanor and his questions, that this American is ex-military, and directs his “question,†in the form of an enraged statement, straight at him. “The Americans came,†he said. “They took away Saddam, but they also took away our security. I didn’t like Saddam, we were starving then, but at least we didn’t have war. When you came here, the civil war started.â€
ISIS is the first group since Al Qaeda to offer these young men a way to defend their dignity, family, and tribe.
This whole experience has been very familiar indeed to Doug Stone, the American general on the receiving end of this diatribe. “He fits the absolutely typical profile,†Stone said afterward. “The average age of all the prisoners in Iraq when I was here was 27; they were married; they had two children; had got to sixth to eighth grade. He has exactly the same profile as 80 percent of the prisoners then…and his number-one complaint about the security and against all American forces was the exact same complaint from every single detainee.â€
These boys came of age under the disastrous American occupation after 2003, in the chaotic and violent Arab part of Iraq, ruled by the viciously sectarian Shia government of Nouri al-Maliki. Growing up Sunni Arab was no fun. A later interviewee described his life growing up under American occupation: He couldn’t go out, he didn’t have a life, and he specifically mentioned that he didn’t have girlfriends. An Islamic State fighter’s biggest resentment was the lack of an adolescence. Another of the interviewees was displaced at the critical age of 13, when his family fled to Kirkuk from Diyala province at the height of Iraq’s sectarian civil war. They are children of the occupation, many with missing fathers at crucial periods (through jail, death from execution, or fighting in the insurgency), filled with rage against America and their own government. They are not fueled by the idea of an Islamic caliphate without borders; rather, ISIS is the first group since the crushed Al Qaeda to offer these humiliated and enraged young men a way to defend their dignity, family, and tribe. This is not radicalization to the ISIS way of life, but the promise of a way out of their insecure and undignified lives; the promise of living in pride as Iraqi Sunni Arabs, which is not just a religious identity but cultural, tribal, and land-based, too.
An illustration of the less-than-total commitment to the cause of the Islamic State by Iraqis came from the Kurdish peshmerga Gen. Aziz Waysi, commander of the elite Zerevani (“Goldenâ€) forces. He relates an overheard conversation between an ISIS fighter on the battleground and his leader, via a walkie-talkie previously confiscated from an ISIS corpse. “My brother is with me, but he is dead, and we are surrounded, we need help at least to take away my brother’s body,†General Waysi heard, and then the reply: “What else could you want? Your brother is in heaven and you are about to be.†This answer wasn’t what the poor surrounded young man was hoping for. “Please come and rescue me,†he said, “That heaven, I don’t want it.†But they didn’t, leaving him to whatever paradise awaited.
Motivations of ISIS Recruits Read More »