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New Markets Tax Credit Program: Will it Live Up To Its Potential?
The author explains that many believe the New Markets Tax Credit Program, which aims to stimulate $15 billion in private equity investment in low-income communities, can provide such a conduit. While the program has many strengths, it is still too early to tell whether it will live up to its promise because the initial investments are just beginning to unfold.
Link
http://www.clevelandfed.org/CommAffairs/crforum/crf_fall2003.pdf