Summary of HRF’s second NMTC allocation

Heartland Renaissance Fund was notified on May 27, 2009 that it had been awarded a $55 million allocation of New Market Tax Credits for use within Arkansas from the New Markets Tax Credits Recovery Act Allocation. This allocation will be used to support projects creating jobs,  advancing education and improving healthcare within the state of Arkansas. Heartland Renaissance Fund has signed the allocation agreement on this round with the CDFI Fund and is actively working with a number of projects in those areas to place the allocation.