The U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 102 Community Development Entities were awarded tax credit allocations, made through the 2022 round of the New Markets Tax Credit Program.
We are humbled and thrilled to share that DV Community Investment has been awarded $65 million in New Markets Tax Credit allocation. Over the past 13 years, DVCI has directly created over 13,000 quality permanent jobs. These 69 projects have served more than 300,000 people annually, previously lacking essential services, including healthcare, education and homeless services resources.
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