CAHEC New Markets Awarded $50 Million in New Markets Tax Credit Allocation for CY 2023
Update: 2024-09-26
Description
CAHEC New Markets has been awarded $50 million in New Markets Tax Credit allocation authority for the CY 2023 round, totaling $270 million. This allocation will support community facilities in the Southeast and mid-Atlantic regions, creating jobs and improving access to education, healthcare, and essential services in low-income areas. Brian Oxford, Director of Community Capital, is excited to deploy these funds for impactful projects. The program aims to create over 3,000 jobs, 4,850 student seats, and provide healthcare services to 53,000 patients annually. For more information, visit the CDFI Fund website. Contact Brian Oxford at 919-532-1796 or boxford@cahec.com for details about CAHEC New Markets.
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