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New Markets Tax Credit: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entities

Author : Michael Brostek

Publisher : DIANE Publishing

Page : 15 pages

File Size : 19,51 MB

Release : 2009-12

Category : Business & Economics

ISBN : 1437918255

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Book Description

The Community Development Financial Institutions (CDFI) Fund has awarded $21 billion of the $26 billion in New Markets Tax Credits (NMTC) to Community Development Entities (CDE) between 2001 and 2009. CDEs use the NMTC to make qualified investments in low-income communities. This testimony: (1) identifies the number of minority and non-minority CDEs that applied to the CDFI Fund and received NMTC awards; (2) explains the process by which the CDFI Fund makes awards and summarizes application scores; (3) describes challenges minority and non-minority CDEs face in applying for and receiving awards and; (4) identifies efforts the CDFI Fund and others have taken to assist minority CDEs in applying for awards. Tables.



New Markets Tax Credit

Author : United States Government Accountability Office

Publisher : Createspace Independent Publishing Platform

Page : 68 pages

File Size : 16,30 MB

Release : 2018-02-02

Category :

ISBN : 9781984129185

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New Markets Tax Credit: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entitities



New Markets Tax Credit

Author : Michael Brostek

Publisher : DIANE Publishing

Page : 67 pages

File Size : 17,72 MB

Release : 2009-12

Category : Business & Economics

ISBN : 1437919316

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Book Description

The Community Develop. Financial Institutions (CDFI) Fund has awarded $19 bill. in New Markets Tax Credits (NMTC) to encourage invest. in low-income communities. The NMTC allows investors to claim a tax credit in exchange for investing in Community Development Entities (CDE) that reinvest the funds in qualified communities. This report: (1) identifies the number of minority and non-minority CDEs that have applied to the CDFI Fund and received NMTC awards; (2) explains the process by which the CDFI Fund makes NMTC awards; (3) describes challenges that minority and non-minority CDEs face in receiving NMTC awards; and (4) identifies efforts the CDFI Fund are taking to assist minority CDEs in applying for NMTC awards. Illus.







New Markets Tax Credit

Author : United States Government Accountability Office

Publisher : Createspace Independent Publishing Platform

Page : 30 pages

File Size : 48,45 MB

Release : 2018-05-19

Category :

ISBN : 9781719211376

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Book Description

New Markets Tax Credit: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entities



Public Administration and Public Affairs

Author : Nicholas Henry

Publisher : Routledge

Page : 766 pages

File Size : 30,91 MB

Release : 2015-07-14

Category : Political Science

ISBN : 1317344987

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Book Description

Updated in its 12th edition, Public Administration and Public Affairs shows readers how to govern efficiently, effectively, and responsibly in an age of political corruption and crises in public finance. With a continuing and corroding crisis occurring, as well as greater governance by nonprofit organizations and private contractors, it is vital that readers are given the skills and tools to lead in such an environment. Using easy-to-understand metaphors and an accessible writing style, Public Administration and Public Affairs shows its readers how to govern better, preparing them for a career in public administration.





Federal Register

Author :

Publisher :

Page : 1012 pages

File Size : 28,6 MB

Release : 1994-05-11

Category : Administrative law

ISBN :

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Community Development Financial Institutions (CDFI) Fund

Author : Sean Lowry

Publisher :

Page : pages

File Size : 31,5 MB

Release : 2014

Category :

ISBN :

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Book Description

This report begins by describing the Community Development Financial Institutions Fund's history, current appropriations, and each of its programs. The next section analyzes four policy considerations of congressional interest regarding the Fund and the effective use of federal resources to promote economic development. Lastly, this report examines the Fund's programs and management to see if they represent an effective and efficient government effort to promote economic development in low-income and distressed communities.