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The New Markets Tax Credit (NMTC) Program is a federal financial program in the United States. It aims to stimulate business and real estate investment in low-income communities in the United States via a federal tax credit. The program is administered by the US Treasury Department's Community Development Financial Institutions Fund (CDFI Fund ...
Logo of the CDFI Fund. The Community Development Financial Institutions Fund ( CDFI Fund) promotes economic revitalization in distressed communities throughout the United States by providing financial assistance and information to community development financial institutions (CDFI). A government corporation owned by the United States Department ...
Expenses (2015) $121,483,767 [1] Website. www .lisc .org. The Local Initiatives Support Corporation ( LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states. [2]
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The CDFI Fund and the legal concept of CDFIs were established by the Riegle Community Development and Regulatory Improvement Act of 1994. Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community development , serves a target market, is a financing entity, provides development services, remains ...
Usage of the term. The Opportunity Finance Network, a Philadelphia-based [1] national umbrella group of 213 [1] community development financial institution (CDFIs) founded in 1995, [2] defines the term as "a category of financing that helps people and communities just outside the margins of conventional, mainstream finance join the economic ...
At Lund University in Sweden, researchers have found that a new blood test called PrecivityAD2 is about 90% accurate in identifying Alzheimer’s disease in people experiencing cognitive symptoms ...
CCLF was founded in 1991 by a small group of Chicago investors, with an initial investment of $200,000. It has since grown to more than $21 million in total capital under management. [4] The fund's loan history comprises 160 loans totaling over $36 million. [5] The fund has been led by executive director Calvin Holmes since 1998.