CAHEC New Markets Awarded $50 million in 2020 Allocation Round

CAHEC New Markets Awarded $50 Million Allocation in New Markets Tax Credit Program

We are pleased to announce that the U.S. Department of the Treasury's CDFI Fund awarded CAHEC New Markets $50 million of New Markets Tax Credit (NMTC) allocation authority under the CY 2020 allocation round. The NMTC allocation will finance high-impact community facilities throughout the Southeast and mid-Atlantic regions, creating new jobs and improving access to education, healthcare, and essential goods and services in high distress, low-income communities.

In total, CAHEC New Markets has been awarded $220 million of NMTC allocation. To date, these allocation awards have and are projected to help create over 1,900 jobs, 3,900 student seats, 362 shelter and recovery center beds, and access to healthcare facilities serving over 50,000 patients annually. For more information about the NMTC Program and the full list of awardees, please visit the CDFI Fund website .

To learn more about CAHEC New Markets, please contact Brian Oxford at 919-532-1796 or boxford@cahec.com.

About CAHEC New Markets

The New Markets Tax Credits program is designed to stimulate economic and community development and job creation in low-income communities by attracting investment capital from the private sector. CAHEC created CAHEC New Markets, LLC, to focus on utilizing our New Markets Tax Credit allocations to help finance community facility projects throughout the Southeast.

This institution is an equal opportunity provider.