Black banks shut out of $3.5B in New Markets Tax Credits
On June 15, the Community Development Financial Institutions Fund (CDFI Fund), an arm of the Treasury Department, issued $3.5 billion in New Markets Tax Credit (NMTC) allocation to 76 entities across the country. No funds were awarded to the nation’s minority banks.
Read More: Black banks shut out of $3.5B in New Markets Tax Credits – St. Louis American: Diversity
