Fort Wayne Awarded $45 Million In New Markets Tax Credits
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November 7, 2022 - Mayor Tom Henry today announced the City of Fort Wayne New Markets Revitalization Fund, LLC (FWNMRF) will receive $45 million in New Markets Tax Credits allocation authority.
Over 230 Community Development Entities (CDE) applied for New Markets funding from the U.S. Treasury Department, while only 107 were awarded an allocation. This is the fourth time that FWNMRF has been awarded an allocation, bringing the total tax credit allocation awarded to Fort Wayne New Markets to $148 million.
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