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News items related to Equity

New "Excellerator Fund" Partnership Reimagines a Model for Equitable Investments in Neighborhoods
Latinos Progresando Newsletter, Oct 4, 2021

The Excellerator Fund is a joint venture developed by Latinos Progresando and Greater Auburn Gresham Development Corporation to drive equitable social and economic recovery through reimagined investment in Chicago’s neighborhoods.

CDFI Fund Announces More Than $3.5 Billion in New Markets Tax Credits
Jul 16, 2020

Washington-- The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY) 2019 round of the New Markets Tax Credit Program (NMTC Program).

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To foster and promote revitalization of the community by designing and implementing programs that improve the community’s economic viability; increase availability of quality housing to people of different income levels, while maintaining and improving existing affordable housing; and enhance delivery of social services, particularly to senior citizens.

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