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CDFI Fund Releases FY 2004 Financed Projects List

Monday, June 26, 2006 - 1:15PM

Yesterday the U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund released a list of projects financed through the end of the 2004 fiscal year. The list represents organizations that were awarded allocations of new markets tax credits (NMTCs) only in the first and second allocation rounds of the program. A total of 238 projects received more than $1.1 billion in capital raised through the NMTC program through those two allocation rounds. These projects are located in 38 states across the country and include loans to and equity investments in qualified active low-income community businesses and other community development entities. 

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