A recent article published in the October 2023 issue of Novogradac’s Journal of Tax Credits featured commentary from several community finance industry leaders, including CRF’s Senior Vice President, CDFI Fund Programs Jennifer Novak.
The article highlights the 20-year anniversary of the first round of allocations disbursed by the CDFI Fund to community development entities through the New Markets Tax Credit Program (NMTC). CRF was awarded $162.5 Million in the inaugural round and has received $969.5 Million from the NMTC allocation authority in total, helping the organization fund 340 loans in more than 180 communities across 36 states.
