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.
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