By Andy Blye | Phoenix Business Journal
Three Phoenix-area community development agencies have been awarded key federal tax credits designed to spur real estate development in areas with high poverty rates and low median family incomes.
Last week, the Treasury Department announced $3.5 billion in New Market Tax Credits (NMTC) for developing low-income communities nationwide. Out of 206 that applied, 76 organizations received the credits, including three organizations in the Valley.
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