Blockchain Registration Transaction Record

CAHEC New Markets Awarded $50 Million in New Markets Tax Credit Allocation

CAHEC New Markets has been awarded $50 million of New Markets Tax Credit (NMTC) allocation authority under the CY 2023 allocation round by the U.S. Department of the Treasury's CDFI Fund. This allocation will finance community facilities, create new jobs, and improve access to essential services in low-income communities.

This news highlights the positive impact of the New Markets Tax Credits program in stimulating economic and community development in low-income areas. It underscores the importance of private sector investment in creating jobs and improving access to essential services in underserved communities.