CDFI Fund Announces $7 Billion Allocation of New Markets Tax Credits

Originally published by Martha Groves Pugh and K. Christy Vouri-Misso.

On November 17, 2016, the US Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced the largest single round award of New Market Tax Credit (NMTC) allocations since the program’s creation in 2001. One hundred and twenty organizations, headquartered in 36 states, the District of Columbia and Puerto Rico, were awarded a total of $7 billion of NMTC allocations.

Read the full article here.

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.

from Texas Bar Today http://ift.tt/2gEkQW7
via Abogado Aly Website