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The New Markets Tax Credit (NMTC) Program is a federal financial program in the United States. It aims to stimulate business and real estate investment in low-income communities in the United States via a federal tax credit. The program is administered by the US Treasury Department's Community Development Financial Institutions Fund (CDFI Fund ...
Expenses (2015) $121,483,767 [1] Website. www .lisc .org. The Local Initiatives Support Corporation ( LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states. [2]
As of September 1, 2005, there were 747 certified CDFIs in the U.S. The CDFI Fund offers a variety of financial programs to provide capital to CDFIs, such as the Financial Assistance Program, Technical Assistance Program, Bank Enterprise Award Program, and the New Markets Tax Credit Program. [2]
Thursday’s data, coupled with a cooling but resilient labor market, is an encouraging sign that the Fed will be able to fulfill its dual mandate and begin easing sky-high rates in September. The ...
By David Lawder. WASHINGTON (Reuters) -The U.S. Treasury on Monday announced a major expansion of its security review authority over foreign purchases of real estate near American military bases ...
The CDFI Fund and the legal concept of CDFIs were established by the Riegle Community Development and Regulatory Improvement Act of 1994. Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community development , serves a target market, is a financing entity, provides development services, remains ...
The IMF thinks global inflation will slow to 5.9% this year, from 6.7% last year, in line with its forecast in April. The agency blamed sticky services price inflation — partly driven by higher ...
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