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From National LISC:

U.S. Treasury Awards $60 Million in New Market Tax Credits to LISC

The Community Development Financial Institutions (CDFI) Fund, part of the U.S. Treasury Department, announced the recipients of $3.5 billion in New Markets Tax Credit (NMTC) allocations for 2019. The awards include $60 million for LISC, which will be deployed through its subsidiary, the New Markets Support Company (NMSC). Since its inception, NMSC has ...

Phillips Wharf Environmental Center will Become National Model

LISC New Markets and Growing Rural Communities Fund project, Phillips Wharf Environmental Center of Tilghman Island, was recognized for its innovative work in oyster aquaculture incubation and chosen as one of seven organizations nationwide to serve as a national model for traditional working waterfront communities seeking to strengthen the local economy.

Structuring NMTC Loan Funds is Key

In the competitive market for new markets tax credit (NMTC) allocation authority, loan funds may provide an edge. By reducing transaction costs, loan funds facilitate qualified low-income community investments (QLICIs) of $2 million or less (small-dollar QLICIs), investments in small businesses and flexible terms. Loan funds are also used with larger QLICIs to reduce transaction ...