Montana tribal college expanding campus with help from New Markets Tax Credits

Little Big Horn College uses innovative financing method to fund Health and Wellness Center

Little Big Horn College (LBHC) http://www.lbhc.edu/ , the higher education institution of the Crow (Apsáalooke) Tribe of Indians, will soon complete construction on its new 35,000-square-foot Health and Wellness Center, thanks in part to New Markets Tax Credit (NMTC) financing provided by Travois New Markets http://www.travois.com/ , a nationally certified Community Development Entity, and Indion Ventures http://www.indiongroup.com/ , a Native American-owned investment management and tax credit syndication firm that is part of the Indion Group of companies.

After assembling funds from various sources for the Health and Wellness Center, LBHC still faced a financing gap and turned to New Markets Tax Credits for help. Travois New Markets provided $8.8 million in NMTCs, and Indion Ventures invested more than $2.3 million in equity for the $10 million facility, which will provide a learning environment for health and wellness education programs and exercise facilities.

Full Story: http://www.matr.net/files/LBHCTravoisNMIndion09142011.doc