Round 11 NMTC Awardees Discuss Program’s Future, Plans for Allocations

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The July issue of the Novogradac Journal of Tax Credits covers the announcement of the latest round of New Markets Tax Credit (NMTC) awards from the U.S. Treasury’s Community Development Financial Institutions Fund. Examining the program’s continued economic and financial success, Novogradac surveyed several NMTC awardees, including LIIF.

Commenting on the program’s future, Amy Laughlin, Director of National NMTCs at LIIF, noted that, “As the market has become more familiar with new markets tax credits, demand from borrowers and the ability of awardees to deploy them are both increasing.” As part of the program’s 11th round, LIIF received an allocation of $48 million, its seventh allocation award.

Read the full article at Novogradac Journal of Tax Credits

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Source: Novogradac Journal of Tax Credits