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Jan 02 2012

CDFI Fund Announces 2012 Round of Competition for New Market Tax Credits

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that the 2012 competition round for New Market Tax Credits was opening. The program, which was created in 2001, is in its tenth round of allocations. This year’s allocation may make up to $5 billion of tax credits available. In February of this year, Heartland was selected by the CDFI Fund to receive an allocation of $60 million New Market Tax Credits. This allocation was Heartland’s fourth bringing its total NMTC allocations to $200 million.

Categorized: Arkansas Capital Corporation Group News>New Markets Tax Credit News

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  • What Does It Mean To Be NMTC Qualified?

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Little Rock
200 River Market Avenue, Suite 400
Little Rock, AR 72201
800-216-7237 or 501-374-9247

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2928 North McKee Circle, Suite 113
Fayetteville, AR 72703
479-251-1732

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