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LIIF Signs On To New Markets Tax Credit Public Comments Request from the CDFI Fund

LIIF joined the New Markets Tax Credit (NMTC) Working Group to provide comments in response to the CDFI Fund’s request for public comments on the NMTC Program Allocation Application. The members of the NMTC Working Group are participants in the industry who work together to help resolve technical program issues — and provide recommendations to make the program even more efficient in delivering benefits to qualified businesses located in low-income communities around the country. The Working Group offered various recommendations, including ways in which the application and evaluation process can be more inclusive of new and emerging community development entities (CDEs), and particularly those led by people of color. The letter also encouraged the CDFI Fund to evaluate the administration of the NMTC Program to address structural inequities and barriers to entry.

Read the comment letter.