3 Michigan lenders secure $170M in federal tax credits to deploy in distressed communities

Three community lending organizations in Michigan received a combined $170 million through a federal tax credit program that’s meant to spur investments in low-income communities. Michigan Community Capital, Cinnaire New Markets LLC and Invest Detroit CDE were awarded $65 million, $60 million and $45 million, respectively, through the New Markets Tax Credits Program, the U.S. […]