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U.S. Senator Durbin, U.S Representatives Rush, Davis, Quigley and Mayor Emanuel Announce Chicago Development Fund Awarded $75 Million in New Markets Tax Credits

Senator Dick Durbin (D-IL) Source: durbin.senate.gov
Latest Round of Federal Tax Credits Will Drive New Investment and Create Economic Opportunities in Chicago’s Neighborhoods
CHICAGO--(ENEWSPF)--November 18, 2016.  Mayor Rahm Emanuel, U.S. Senator Dick Durbin, and U.S. Representatives Bobby Rush, Danny Davis, Robin Kelly and Mike Quigley today announced that the Chicago Development Fund will receive a $75 million in New Market Tax Credits (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions Fund. The award is one of the largest allocations received by an entity focused on serving a . . .

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