We are pleased to announce that Michigan Community Capital has received a $65-Million New Markets Tax Credit allocation from the US Department of Treasury CDFI Fund!

This is the 6th consecutive award MCC received from the CDFI Fund and the 4th consecutive year MCC has received the highest amount allocated.

This award will be deployed into transformational community and economic development projects around the state. Our top priority projects include: 

• Creating or expanding healthy food access 
• Developing mixed-use, mixed-income housing in low-income areas of opportunity
• Creating quality and accessible jobs through manufacturing or community-based projects
• Supporting skilled training programs and/or expanding services for low-income families

Competition for these credits continues to be fierce, and the CDFI Fund has recently tightened deployment criteria. This award was made possible in no small part by partners at SB Friedman Development Advisors, Michigan Department of Labor and Economic Opportunity, Michigan Economic Development Corporation, and Michigan State Housing Development Authority.

Thank you to our partners for your continued support of MCC.

Click here to explore developments that have received NMTC investments from Michigan Community Capital.