February 24, 2011
The US Treasury–CDFI Fund today announced a $63 million New Markets Tax Credits allocation for NDC. The award brings to $549 million the amount of allocations received by NDC since inception of the NMTC program.
NDC NMTC allocations have resulted in $1 billion of total project investments to low-income communities through its NMTC program.
“NDC is pleased with the news of this award, which will allow us to continue our role in bringing investment to low income communities through the New Markets Tax Credits program,” said NDC’s Ann Vogt, Managing Director of NDC’s Housing and Economic Development Corporation.