Allocation Awards

US Treasury Department Announces CY 2021 NMTC Allocation Award Winners

The US Treasury Department announced CY 2021 New Markets Tax Credit (NMTC) Allocation Award winners on October 28. 107 organizations were awarded NMTC allocation totaling over $5B. The funding will be used by community development entities to finance projects aimed at uplifting low-income communities across the US through creation of quality jobs, provision of community and commercial goods and services, and environmentally sustainable outcomes. LifeCity congratulates this year’s award winners, and we look forward to seeing the inspirational projects that come from this year’s allocations.

To learn more about the NMTC Allocation Awards, see the CY 2021 NMTC Program Award Book.