BREAKING NEWS
Atlanta Scores $75 M Federal Boost for Neighborhood Revitalization

Atlanta Scores $75 M Federal Boost for Neighborhood Revitalization

Atlanta has been awarded $75 million in federal funds aimed at supporting revitalization and economic development projects in historically underserved communities, marking one of the largest such allocations in recent city history. The funding comes through the U.S. Department of the Treasury’s New Markets Tax Credit (NMTC) program, which incentivizes private investment in low-income and economically distressed areas by providing tax credit subsidies to developers and investors who undertake eligible projects. This award underscores renewed federal focus on community investment and urban renewal. How the Funds Work and Federal Oversight Under the NMTC program, the federal government allocates tax credits that can be used by

Atlanta Scores $75 M Federal Boost for Neighborhood Revitalization

Atlanta Scores $75 M Federal Boost for Neighborhood Revitalization

Atlanta has been awarded $75 million in federal funds aimed at supporting revitalization and economic development projects in historically underserved communities, marking one of the largest such allocations in recent city history. The funding comes through the U.S. Department of the Treasury’s New Markets Tax