LIIF Receives $21 Million NMTC Award
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LIIF received $21 million in New Markets Tax Credits, its fourth consecutive allocation from the US Treasury program. NMTCs have been an essential tool for LIIF in its efforts to bring capital investment to low income communities. To date, LIIF has invested $96 million in projects serving low income people using NMTCs.
LIIF’s NMTC projects have included Part of the Solution, an emergency food provider in the Bronx, Rhode Island Station, a transit-oriented development that includes affordable housing in DC, and Hyde Leadership Charter Academy, a high performing charter school serving 750 students in a low income neighborhood.
Read more about NMTC financing through LIIF