Enterprise wins $100 million in credits for development

Published October 23, 2007 4:00am ET



Enterprise Community Investment Inc., a Columbia-based firm that invests in the development of affordable homes and communities in low-income areas, was awarded $100 million in New Markets Tax Credits by the U.S. Treasury Department Community Development Financial Institutions Fund.

This is the fifth time the company has received credits from the fund, which was established in 2000 to give developers tax incentives for investing in urban and rural low-income neighborhoods to help spur economic development.

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