Tuesday, July 21, 2009

New Website: Chicago Development Fund

The Chicago Development Fund invests in Chicago's low-income communities

Founded in July 2005, the Chicago Development Fund (CDF) is a Community Facilities corporation that provides capital to qualifying projects and businesses in low-income areas of the City of Chicago through the use of New Markets Tax Credits (NMTCs). CDF was awarded a $100-million allocation of NMTCs by the United States Department of the Treasury in September 2006, the largest allocation awarded to a municipality during that round.

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