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 Concourse in Memphis, TN.
NMTCs generate $8 of private investment for every $1 award and support essential investments in businesses, job creation and neighborhood amenities. This award underscores LIIF’s strength to deploy capital to innovative and impactful projects, providing critical investments to the people and places that need it most.