We wanted to share some exciting news with you. On February 13, 2018 the U.S. Department of the Treasury’s Community Development Financial Institutions Fund awarded The Community Builders CDE LLC a $50 million New Markets Tax Credit allocation. This is our fourth NMTC award, which now total $140 million. We have deployed previous awards to support 16 projects of various types across eight states and Washington, D.C.
This allocation advances The Community Builders’ mission to build and sustain strong communities for people of all incomes. We plan to target this allocation to support neighborhood business and amenity projects that create jobs and economic activity while addressing needs of communities where TCB families live.
You can read more about the Treasury announcement here.
We look forward to working with you to strengthen communities. If you have questions about our New Markets Tax Credit activities, please contact Malik Aziz.