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U.S. Treasury Awards $3.5 Billion in New Market Tax Credits to Spur Economic Development Nationwide

WASHINGTON, D.C.  — The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A total of 76 organizations (Allocatees) across the country will receive tax credit allocation […]

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