LADF Allocation $12,000,000
Total NMTC Funding $12,000,000
Total Project Cost $14,536,400
Permanent Jobs Retained 20
Permanent Jobs Created 70
Construction Jobs Created 12
Square Footage Created 22,000
LADF Allocation $7,000,000
Total NMTC Funding $27,500,000
Total Project Cost $28,846,420
Permanent Jobs Retained 40
Permanent Jobs Created 20
Construction Jobs Created 43
Square Footage Created 42,263
LADF Allocation $10,500,000
Total NMTC Funding $24,500,000
Total Project Cost $28,800,000
Permanent Jobs Retained 45
Permanent Jobs Created 55
Construction Jobs Created 34
Square Footage Rehabbed 17,782
LADF Allocation $10,000,000
Total NMTC Funding $29,000,000
Total Project Cost $55,147,731
Permanent Jobs Retained 338
Permanent Jobs Created 127
Construction Jobs Created 350
Square Footage Created 200,000
LADF Allocation $11,000,000
Total NMTC Funding $40,000,000
Total Project Cost $59,483,500
Permanent Jobs Created - 145
Construction Jobs Created - 424
Square Footage Created - 64,480
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.
