CDFI Fund Releases Years of New Markets Tax Credit Data
The CDFI Fund has released data collected on New Markets Tax Credit investments across the nation through fiscal year 2012. The raw data can be downloaded as an Excel spreadsheet from the CDFI Fund website. The CDFI Fund's analysis found that 45% of Qualified Active Low-Income Community Businesses (QALICBs) specialized in real estate, while 53.3% were operating businesses. A substantial majority, 72.7 percent of projects, were at least partly located in a severely distressed census tract. Seventy-nine percent of investments were metropolitan.