LADF Allocation $10,000,000
Total NMTC Funding $18,000,000
Total Project Cost $19,000,000
Permanent Jobs Retained - 59
Permanent Jobs Created - 15
Construction Jobs Created - 275
Square Footage Created - 40,000
LADF Allocation $10,000,000
Total NMTC Funding $41,500,000
Total Project Cost $44,210,000
Permanent Jobs Created - 243
Construction Jobs Created - 100
Square Footage Created - 118,200
LADF Allocation $4,068,000
Total NMTC Funding $4,068,000
Total Project Cost $4,268,000
Permanent Jobs Created - 40
Construction Jobs Created - 20
Square Footage Rehabbed - 5,150
LADF Allocation $10,000,000
Total NMTC Funding $31,200,000
Total Project Cost $32,908,400
Permanent Jobs Created - 20
Construction Jobs Created - 132
Square Footage Added - 26,000
LADF Allocation $3,932,000
Total NMTC Funding $25,932,000
Total Project Cost $27,400,000
Permanent Jobs Created - 36
Construction Jobs Created - 80
Square Footage Added - 26,000
1st LADF Allocation $2,750,000
2nd LADF Allocation $5,400,000
Total NMTC Funding $19,950,000
Total Project Cost $20,714,000
Permanent Jobs Retained - 54
Permanent Jobs Created - 12
Construction Jobs Created - 280
Square Footage Added - 25,000
We understand that DOGE is at the Treasury Department and that they have ordered the cancellation of several hundred contracts, including contracts to evaluate the NMTC application (the round that just closed) as well as contracts to evaluate applications for the CDFI FA/TA and NACA programs.
This poses a real and immediate threat to the CDFI Fund and the critical programs it supports. Please contact your members of Congress - particularly Republicans - and ask them to weigh in with Treasury Secretary Bessent in support of preserving the CDFI Fund.
