2010 New Markets Tax Credit (NMTC) Program awards in Baltimore on Thursday, February 24 at 11 a.m.

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WASHINGTON, D.C. – February 23, 2011 - Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell and Congressman Elijah Cummings will announce the 2010 New Markets Tax Credit (NMTC) Program awards in Baltimore on Thursday, February 24 at 11 a.m. Eastern Time.
The announcement will be made at Humanim, a not-for-profit organization that provides workfhorce development services to low-income individuals. The CDFI Fund says that Humanim Inc., having benefitted from the NMTC, highlights the effectiveness of the new markets tax credit in leveraging private investment to complete real estate, local business and other development projects in communities with high rates of poverty and unemployment. Four Baltimore-area institutions will receive tax allocations under the program in this NMTC award round.

More information will be available at www.newmarketscredits.com after the awards announcement.

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