The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 104 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY) 2023 round of the New Markets Tax Credit Program (NMTC Program).
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