The News About New Markets Tax Credits
New Markets Tax Credits are available through a program established by Congress in 2000.1 The legislation authorized tax credits equal to 39 percent of a total of $15,000,000,000 in equity investments in qualified Community Development Entities. The program is administered by the Community Development Financial Institution Fund, within the U. S. Treasury Department (the ‘‘CDFI Fund’’). View full article (PDF).
This article first appeared in The Real Estate Finance Journal.