New Markets Tax Credit : Minority Entities Are Less Successful In Obtaining Awards Than Non-Minority Entities

Author: Michael Brostek
Publisher: DIANE Publishing
Keywords: entities, minority, obtaining, awards, non, successful, markets, credit, new, tax
Number of Pages: 67
Published: 2009-12
ISBN-10: 1437919316
ISBN-13: 9781437919318

Book Description:

The Community Develop. Financial Institutions (CDFI) Fund has awarded $19 bill. in New Markets Tax Credits (NMTC) to encourage invest. in low-income communities. The NMTC allows investors to claim a tax credit in exchange for investing in Community Development Entities (CDE) that reinvest the funds in qualified communities. This report: (1) identifies the number of minority and non-minority CDEs that have applied to the CDFI Fund and received NMTC awards; (2) explains the process by which the CDFI Fund makes NMTC awards; (3) describes challenges that minority and non-minority CDEs face in receiving NMTC awards; and (4) identifies efforts the CDFI Fund are taking to assist minority CDEs in applying for NMTC awards. Illus.


Related Books at ISBNlib

    Sorry,No related books at ISBNLib

Spread the word