A community development corporation tied to Central Bank of Kansas City was awarded $35 million in New Markets Tax Credits, a tool aimed at building up distressed areas.
The U.S. Treasury Department announced Friday that it awarded more than $5 billion in New Markets Tax Credits to 107 organizations in its latest round. The program historically has generated $8 of private investment for every $1 invested by the federal government, according to a release.
CBKC CDC LLC, a unit of Central Bank, is…
