Lending markets

BrightBridge Capital Appoints Avery Boggess as Head of New Markets Tax Credit Program

BrightBridge Capital, a CDFI (Community Development Finance Institution), has announced the addition of Avery Boggess to its team of finance professionals. Mr. Boggess is the new director of the Markets Tax Credit (NMTC) program.

In his role, Mr. Boggess works across all aspects of BrightBridge’s NMTC program. The NMTC program provides funding for projects sponsored by nonprofits and for-profit businesses that have a funding shortfall and are located in low-income and high-stress census tracts. These projects must generate significant positive impacts, such as job creation or the provision of community services, for the communities in which they are located.

“I am very happy to be back in Chattanooga and working for a company with such a strong and positive community impact.

I look forward to the opportunity to use my financial knowledge to help the New Markets Tax Credit program continue to thrive,” said Mr. Boggess.

Mr. Boggess is a graduate of the University of Tennessee, where he earned a degree in finance from Haslam College of Business and was a member of the University of Tennessee Investment Group and the Financial Management Association. As a UT alumnus, Mr. Boggess is an avid Vols fan and enjoys supporting UT’s sports programs, especially football, basketball and baseball. He also enjoys spending time with his family and playing golf and basketball.

Monica Blanton of BrightBridge said, “We are thrilled to welcome Avery to our team. BrightBridge’s mission is to provide alternative financing that will strengthen communities and open up opportunities for those who may be underserved. As manager of the NMTC program, Avery will directly help the communities and people who need it most, and we know it will have a positive impact.