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, announced today it 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. With this award, the institution's largest to date, FCLF has now secured 14 NMTC allocations totaling $586 million. 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. This allocation is part of the Treasury's record $10 billion NMTC allocation authority covering 2024 and 2025. The funding will help expand access to essential services in underserved communities and stimulate economic growth in Florida. This is FCLF's largest allocation so far, with 14 NMTC allocations totalling $586 million. The money 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.
发表 : 6 个月前 经过 PR Newswire 在 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),... [2862 symbols]