Washington, DC -- On April 15th, a day most Americans associate with paying their income taxes, a Federal program that provides tax credits for investments in low-income communities has been recognized for its innovation and effectiveness.
Washington, DC -- The U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund announced today that it received a total of 239 applications under the 2008 round of the New Markets Tax Credit (NMTC) Program. These applicants requested an aggregate total of $21,301,795,539 in NTMC allocation authority.
Washington, DC -- Yesterday, the White House announced the intention of President George W. Bush to appoint four new members to the Community Development Advisory Board.
Milwaukee, WI -- CDFI Fund Director Kimberly Reed participated in a ribbon cutting in Milwaukee, WI to celebrate the expansion of the Badger Railing Co. manufacturing facility.
For Immediate Release
Contact: Peter Dugas
Washington, DC -- Today the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund announced that approximately $11 million has been awarded to 51 banks and thrifts across the country that provide critically needed financial products and services to economically disadvantaged people and communities.
Portland, ME -- CDFI Fund Director Kimberly A.
The Treasury Department's Community Development Financial Institutions Fund visited the Gulf Coast recently to discuss the area's recovery after Hurricane Katrina, break ground for a housing development made possible through the CDFI Fund's New Markets Tax Credit Program and learn how the Fund could provide further assistance to attract private sector investment.
Sioux City, IA -- Mayor Craig Berenstein (left) and Perry Cantarutti, Vice President of Reservations for Northwest Airlines (right), unveil plans for a new Northwest Airlines call center that will open in downtown Sioux City.