New Markets Tax Credits Community Development Entity application
Summary
The Corporation wants federal New Markets Tax Credits status, which would open up a big pool of money for investing in lower-income Riverside neighborhoods. The application wasn't acted on because the meeting collapsed over quorum.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 29, 2026.
Impact analysis
The tax credits could bring millions in federal investment incentives to fund loans in low-income communities across seven counties.
Residents and small businesses in lower-income Riverside neighborhoods would benefit if the tax-credit application moves forward.
Mentions & discussions (3)
Inland California Community Capital Fund Corporation — October 29, 2026
The corporation is applying to become a federal New Markets Tax Credits Community Development Entity, which would let it fund loans and projects in low-income neighborhoods banks often skip. The advisory board appointment was the last step before submitting the application within about ten days.
Inland California Community Capital Fund Corporation — September 17, 2026
The Corporation wants federal New Markets Tax Credits status, which would open up a big pool of money for investing in lower-income Riverside neighborhoods. The application wasn't acted on because the meeting collapsed over quorum.
Inland California Community Capital Fund Corporation — July 29, 2026
The new corporation is applying for federal New Markets Tax Credits to fund housing, job creation, and economic development in low-income communities across seven inland counties. The credits were made permanent and expanded under HR 1, making this a good window to apply. The program is competitive, but staff says the corporation is well positioned.
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