I appreciate the aspect of the program that puts decision-making in the hands of non-governmental institutions. I think this facilitates efficient use of tax-payer dollars.
I appreciate the aspect of the program that puts decision-making in the hands of non-governmental institutions. I think this facilitates efficient use of tax-payer dollars.
CDFIs are critical to driving real estate development in underserved communities and during challenging economic times. We have developed more than $100 M in projects using CDFI financing and it is a critical component to the capital stack, as well as important for delivering transformative projects to communities across the country.
We have been able to utilize NMTC and without this financing many of the projects we have done in Minneapolis would not have been possible. It’s been a wonderful facility to support small businesses, economic development, and critical services to low-income communities. Please continue these programs, they do make a difference.