CDFI FUND ANNOUNCES $5 BILLION IN NEW MARKETS TAX CREDITS

摘要

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has announced $5 billion in New Markets Tax Credits (NMTCs) that will spur investment and economic growth in low-income urban and rural communities across the U.S. A total of 100 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year 2020 round of the New Markets Tax Credit Program. The 100 CDEs receiving awards were selected from a pool of 208 applicants that requested an aggregate total of $15.1 billion in tax credit allocation authority. The award recipients are headquartered in 34 different states and the District of Columbia. One-fifth (20%) of the investments will be made in rural communities. It is estimated that these award recipients will make more than $1 billion in New Markets Tax Credit investments in non-metropolitan counties.