Tax Credit Equity Fund Gets $50M for Low-Income Development

Article Date : 07 November 2008
News Section: USA

National New Markets Fund L.L.C. has received a $50 million New Markets Tax Credit allocation from the Treasury Department to provide funding for real estate development in financially strapped neighborhoods. This allocation marks the third that the fund--created by Strategic Development Solutions and Economic Innovation International Inc.--has been awarded by the department...

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