IFF received its third and largest New Markets Tax Credits (NMTC) allocation in the amount of $43 million from the U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund. The allocation, announced last month, was part of $3.5 billion of tax credits awarded to 87 organizations nationwide for investment in low-income communities. Previously, in 2002 and 2011, IFF had received a total of $35 million. IFF will use the tax credits to support projects considerably larger than those in our core lending program.