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Enhanced Capital Awarded a $60,000,000 Allocation Under The Federal New Markets Tax Credit Progam

 Enhanced Community Development, LLC will provide loans and equity investments to businesses in underserved areas thanks to this $60 million allocation:

The United States Department of the Treasury announced today that Enhanced Community Development, LLC has been selected to receive a $60,000,000 allocation under the New Markets Tax Credit (NMTC) Program administered by the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund. Enhanced Community Development, LLC is a subsidiary of Enhanced Capital Partners, Inc. It will principally use its tax credits to provide loans and equity investments to businesses, including not-for-profit organizations, located in low-income communities in New Orleans, New York State and the District of Columbia.

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