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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.
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 ...
LISC New Markets, through its Healthy Futures Fund, utilized a combination of Low Income Housing Tax Credits, New Markets Tax Credits and other innovative financing tools to finance the Conway Center—the first development in the District of Columbia to combine affordable housing, job training and healthcare under one roof.