The Community Development Financial Institutions (CDFI) Fund recently released updated data on New Markets Tax Credit (NMTC) projects, including a summary of projects financed through 2011, a listing of all qualified active low-income community businesses (QALICBs) financed by community development entities (CDEs), and a map of QALICBs financed by CDEs through 2011. According to CDFI Fund, more than 2,600 businesses and 3,990 real estate investments received a NMTC allocation between 2003 and 2011. In addition, more than 75 percent of NMTCs were invested in census tracts that met one of three indicators of “severe distress,” such as lower incomes, higher rates of poverty or higher unemployment rates””criteria greater than the minimum requirements for the NMTC program.

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