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Showing posts with the label Community Development Financial Institutions Fund (CDFI FUND).

CDFI Fund, US Department of the Treasury | Press Release - July 24, 2014: CDFI Fund Update: Ten Years of Public Data on New Markets Tax Credit Investments Released

CDFI Fund Releases Ten Years of Public Data on  New Markets Tax Credit Investments  Over $31.1 billion in New Markets Tax Credits (NMTC) investments have revitalized low-income communities nationwide in the past decade, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today. The New Markets Tax Credit Program was established by Congress in December 2000 to help economically distressed communities attract private investment capital by providing investors with a Federal tax credit. Investments made through the New Markets Tax Credit Program are used to finance businesses and real estate projects in neglected, underserved low-income communities. To maintain its practice of transparency, the CDFI Fund released a breakdown of all NMTC investments reported to the CDFI Fund through fiscal year (FY) 2012. The data release is available for use by academics, researchers, and the general public. More information about the data