N.Y. City Economic Development Corp.: New York City Neighborhood Capital Corporation Receives $50 Million Federal Tax Credit Allocation to Support Impactful Projects in New York City's Low-Income Areas
January 09, 2024
January 09, 2024
NEW YORK, Jan. 9 -- The New York City Economic Development Corp. issued the following news release on Jan. 8, 2024:
Today, New York City Economic Development Corporation (NYCEDC) announced that New York City Neighborhood Capital Corporation (NYCNCC), a Community Development Entity (CDE) managed by NYCEDC, has received $50 million in New Markets Tax Credits from the U.S. Department of the Treasury to support impactful projects in low-income areas of New York City. This tax credit all . . .
Today, New York City Economic Development Corporation (NYCEDC) announced that New York City Neighborhood Capital Corporation (NYCNCC), a Community Development Entity (CDE) managed by NYCEDC, has received $50 million in New Markets Tax Credits from the U.S. Department of the Treasury to support impactful projects in low-income areas of New York City. This tax credit all . . .