Community Reinvestment Fund, USA Helps Spur Economic Recovery With $75 Million New Markets Tax Credit Allocation

CRF Receives $75 Million in Total Allocations That It Will Use to Fund Loans for Operating Businesses in Economically Disadvantaged Areas

MINNEAPOLIS, MN, Feb 23, 2012 (MARKETWIRE via COMTEX) -- Community Reinvestment Fund, USA (CRF), a Minneapolis-based national non-profit and Community Development Financial Institution (CDFI), today announced it received $75 million in federal New Markets Tax Credit (NMTC) funds. CRF uses NMTCs to fund loans to help spur job and economic growth and fund operating businesses located in low-income communities across the country.

CRF is one of 70 organizations participating in the ninth round of NMTC funding. Since the program's inception, CRF has received a total of $749.5 million in NMTC allocations, making CRF one of the nation's largest NMTC allocatees focused solely on business financing.

Read Full News


Resources for YOU:

• Secured Credit Cards
• Credit Cards For Bad Credit
• Loans For Bad Credit