85 CDEs Receive NMTC Awards

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LIIF was selected as one of 85 organizations nationwide to receive an allocation of New Markets Tax Credit (NMTC) from the U.S. Treasury’s Community Development Financial Institutions Fund. Selected from a pool of 282 applicants, LIIF received an allocation of $55 million, its sixth allocation award. LIIF was featured as one of the leading allocatees in a recent article in Affordable Housing Finance.

The NMTC program continues to be a key catalyst in attracting private sector investment in economically distressed communities across America, generating more than $8 in private investment for each dollar invested by the federal government.

Read the full article at Affordable Housing Finance
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Source: Affordable Housing Finance