This is a pretty important day in the history of Finance Fund. We learned this morning that we have been awarded $50 million in New Markets Tax Credits from the CDFI Fund in the U.S. Department of Treasury. The funding will be used to offer low-interest financing for projects that revitalize both urban and rural low-income [...]
To get an Ohio NMTC program started there needs to be a united and concentrated effort on the part of the Strickland administration and General Assembly.
New Markets Tax Credit is a valuable tool for directing investment into distressed communities.
New Markets Tax Credits (NMTC) was designed to stimulate investments in commercial real estate and business ventures located in low income urban and rural areas.