LIIF Recieves $50 Million NMTC Award

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The US Treasury’s Community Development Financial Institutions Fund announced that LIIF has received a $50 million award in the latest round of New Markets Tax Credits. This is LIIF’s fifth consecutive allocation from the program. NMTCs enable LIIF to attract significant capital investment from the private sector to support economic development projects in low income communities. To date, LIIF has received $210 million in awards of which it has invested $160 million in a range of projects serving low income people using NMTCs, including schools, emergency food providers and transit-oriented developments.

Read more about NMTC financing through LIIF

Source: US Treasury CDFI Fund