U.S. Treasury Awards NCCLF $33 million in New Markets Tax Credits

San Francisco (June 6, 2014) — The Northern California Community Loan Fund (NCCLF), a community development lender headquartered in San Francisco, has been awarded $33 million in New Market Tax Credits (NMTC) from the U.S. Department of Treasury’s Community Development Financial Institution Fund. NCCLF is one of 87 organizations across the United States to receive a total of $3.5 billion in tax credits, which are used to stimulate private investment in economically distressed communities.