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News items related to Invest SouthWest

CDFI Fund Announces More Than $3.5 Billion in New Markets Tax Credits

Washington-- The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY) 2019 round of the New Markets Tax Credit Program (NMTC Program).

Invest SouthWest Proposed Community Plans

DPD and the Department of Cultural Affairs and Special Events (DCASE) hosted events  across the South and West sides to launch INVEST South/West. The family-friendly events where well attended and included a  broad overview of the initiative, performances by local artists, and an open house with planning exercises for each community area, youth activities and food from local chefs.

Mission

To foster and promote revitalization of the community by designing and implementing programs that improve the community’s economic viability; increase availability of quality housing to people of different income levels, while maintaining and improving existing affordable housing; and enhance delivery of social services, particularly to senior citizens.

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Improve and enhance the delivery of community and economic development in Auburn Gresham, Englewood, and West Chatham.

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