Phoenix Business Journal, by Andy Blye – Contributing Writer

Last week, the CDFI Fund announced $3.5 billion in New Market Tax Credits (NMTC) allocation for developing low-income communities nationwide. Out of 206 that applied, 76 CDEs received allocation awards, including three organizations in the Valley. DV Community Investment, Prestamos CDFI and the Phoenix Community Development and Investment Corporation received a combined $145 million in credits for the most recent 2019 award cycle.

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