As part of our celebration of the 25th Anniversary of the CDFI Fund, we thought it would be interesting to highlight a few of the earliest NMTC projects.
The CDFI Fund was authorized by Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. The act created a new agency providing funding to individual CDFIs and their partners through a competitive application process. Several years later, the New Markets Tax Credit was authorized as part of the Community Renewal Tax Relief Act of 2000. […]