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Increasing the chances of receiving new markets tax credit financing

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 5 2009

Next month, the Community Development Financial Institutions Fund ("CDFI Fund"), a division of the Treasury Department, will award $5 billion of new markets tax credits ("NMTC Allocations") to community development entities ("CDEs"), the vast majority of which are financial institutions, non-profits and governmentally-related entities