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LIIF Awarded $60 Million in New Markets Tax Credits

LIIF is proud to receive this award from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. New Markets Tax Credits (NMTCs) are a critical part of our work to bring capital to historically underinvested neighborhoods and have been the catalyst for some of our most transformative projects, such as THEARC in Washington, D.C. and Crosstown…

New Markets Tax Credits: Investing in Long-Term Community Impact

“Since 1998, 102 rest homes in Massachusetts have closed; That has displaced about 3,000 residents. Today, we provide permanent housing for 60 seniors, many of whom came to us from shelters or after evictions. We would have closed had we not had New Markets Tax Credits financing.” – Kathy Seaman, Executive Director, Mount Pleasant Home…