U.S. Treasury Department's CDFI Fund Announces Fiscal Year 2023 NMTC Awards
The U.S. Department of the Treasury's CDFI Fund announced the Calendar Year 2023 New Markets Tax Credit (NMTC) allocation awards last week. The CDFI Fund awarded $5 billion to 104 Community Development Entities (CDEs) headquartered in 35 states, Puerto Rico and the District of Columbia."For more than two decades, the federal New Markets Tax Credit has been a unique and flexible community development tool, successfully attracting investment...
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