Qualified low-income communitities or persons

703-246-6500

• Requires creation of Community Development Entities, which are for-profit entities that provide investment capital for low-income communities or persons
• Federal tax credits spur investment in low-income communities
• Permits taxpayers to receive a credit against federal income taxes for making qualified equity investments in designated CDEs, and the investments must be used by the CDE for low-income communities
• Tax credits total 39% of the investment cost and is claimed over a seven-year credit-allowance period
• Allows for partnerships with national community development lenders that reduce burdens on local government
• Allows for partnerships with national community development lenders that reduces local government administrative burdens
• Go to the CDFI Fund Web Site by the Department of Treasury

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