85 CDEs Receive NMTC Awards
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
- Learn more about LIIF’s New Market Credit Allocation
- Read more about LIIF’s New Markets Tax Credit Program
Source: Affordable Housing Finance