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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 ...
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]
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 ...
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]
June 27, 2024 at 6:36 PM. The United States Nordic combined program has lost funding for training and coaching, sending the men and women who compete in the sport scrambling to revive it with a ...
The Community Development Block Grant ( CDBG ), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities with the stated goal of providing affordable housing, anti-poverty programs, and infrastructure development. CDBG, like other block grant programs, differ from ...
Consider how much you would spend per serving if you made your meals at home, as well as the time and effort it would take to create a healthy, gluten-free meal at home. On our list, gluten-free ...
CCLF was founded in 1991 by a small group of Chicago investors, with an initial investment of $200,000. It has since grown to more than $21 million in total capital under management. [4] The fund's loan history comprises 160 loans totaling over $36 million. [5] The fund has been led by executive director Calvin Holmes since 1998.