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- Legacy Bank & Trust is pleased to announce that its affiliate, Legacy Economic Growth Fund, has been awarded $65 million of New Markets Tax Credits by the CDFI Fund, an arm of the US Treasury.
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Legacy Bank & Trust is pleased to announce that its affiliate, Legacy Economic Growth Fund, has been awarded $65 million of New Markets Tax Credits by the CDFI Fund, an arm of the US Treasury.
LEGF uses the New Markets Tax Credit program to help small businesses and finance projects related to manufacturing, hospitality and community centers. The projects funded through LEGF’s New Market Tax Credit are creating jobs in rural communities, providing goods and services and improving healthcare to low income areas.
New Market Tax Credits (NMTXs) are a fantastic way to create and retain jobs in target areas.
By enabling corporate investors to provide capital to community development entities (CDEs) in exchange for credits against their tax obligations, New Markets Tax Credit (NMTC) funds have turned social care into a smart investment.
Nov 1, 2022 · We break down the NMTC Program—from eligibility requirements to its focus on improving distressed communities. Historically, low-income communities have lacked investment and resources. To combat this disinvestment, Congress established the New Markets Tax Credit Program (NMTC) in 2000.
Legacy Bank & Trust is pleased to announce that its affiliate, Legacy Economic Growth Fund, has been awarded $60 million of New Markets Tax Credits by the CDFI Fund, an arm of the US Treasury, under the 2020 Allocation Round.
Legacy Bank & Trust is pleased to announce that its affiliate, Legacy Economic Growth Fund, has been awarded $65 million of New Markets Tax Credits by the CDFI Fund, an arm of the US Treasury.
