Florida Community Loan Fund Awarded $75 Million New Markets Tax Credit Allocation from U.S. Department of Treasury
Florida Community Loan Fund (FCLF), a nonprofit lending institution, has been awarded a $75 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury's Community Development Financial Institutions (CDFI) Fund. The allocation will expand access to essential services in underserved communities and stimulate economic growth. This is part of the Treasury's record $10 billion NMTC allocation authority covering 2024 and 2025. The funding will be used to finance high-impact community facility projects, such as Federally Qualified Health Centers (FQHCs) and neighborhood-based facilities that provide youth services or other vital social services. FCLF has now secured 14 NMTC allocations totalling $586 million. This move comes at a critical time for Florida communities struggling with rising living costs and gaps in essential services.
Veröffentlicht : vor 6 Monaten durch in Business
New Federal Allocation will Expand Access to Essential Services in Underserved Communities and Promote Economic Growth
ORLANDO, Fla., Dec. 29, 2025 /PRNewswire/ -- Florida Community Loan Fund (FCLF),... [3895 symbols]