Harbor Currents: NEWS April 25, 2013

Bye, Bye Kiosk
SAN PEDRO — Thanks to the efforts of the Central San Pedro Neighborhood Council, the kiosk at 6^th and Mesa streets was removed April 25.
The area will be repurposed for residents and tourists, after being in long disrepair and home to vagrants.
Art Steedle, owner of Steedle Construction in Long Beach, removed the kiosk.
 
Woman Killed in Long Beach
LONG BEACH — A woman was killed, April 23, on the 1600 block of Cherry Avenue in Long Beach.
Long Beach Police Department officers responded to a shooting report at about 11:40 p.m. The officers found 31-year-old Samantha Hollins on a sidewalk with gunshot wounds to her upper body. The Long Beach Fire Department pronounced the woman dead at the scene.
The motive for the shooting is unknown and no suspects have been arrested.
Anyone with information is asked to call (562) 570-7244 or anonymously at (800) 222-8477.

California Community Development Organizations Get $405 Million in Tax Credit
WASHINGTON, D.C. — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced, April 24, New Markets Tax Credit authority for investments totaling $405 million to 10 California-based community development entities. Treasury will provide this tax credit allocation authority under the 10th award round of the program.
The program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a credit against federal income taxes for making equity investments in vehicles known as Community Development Entities. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a 7-year period.  For every dollar invested by the federal government, the program generates more than $8 in private investment, which is one of the reasons why President Barack Obama’s Fiscal Year 2014 budget included an expansion and permanent extension of the New Markets Tax Credit.
The 85 organizations receiving awards under the 2012 round were selected from a pool of 282 applicants that requested those programs for about $21.9 billion in investments. They are headquartered in 28 states and the District of Columbia, but will be providing services in a wide range of local and state areas as well as on the national level.

Details: www.cdfifund.gov/statesserved