The purposes of the Corporation are to:
(1)do all things necessary to qualify as a qualified community development entity;
(2)apply to the U.S. Department of the Treasury to be designated as a qualified community development entity;
(3)apply to the U.S. Department of the Treasury for an allocation of new markets tax credits;
(4)receive, make, and facilitate qualified equity investments and financial assistance available in low–income communities in the State;
(5)allocate any new markets tax credits received by the Corporation;
(6)coordinate with other qualified community development entities in the State to help ensure that low–income communities are receiving the maximum benefit of qualified equity investments i
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The purposes of the Corporation are to:
(1) do all things necessary to qualify as a qualified community development entity;
(2) apply to the U.S. Department of the Treasury to be designated as a qualified community development entity;
(3) apply to the U.S. Department of the Treasury for an allocation of new markets tax credits;
(4) receive, make, and facilitate qualified equity investments and financial assistance available in low–income communities in the State;
(5) allocate any new markets tax credits received by the Corporation;
(6) coordinate with other qualified community development entities in the State to help ensure that low–income communities are receiving the maximum benefit of qualified equity investments in the State;
(7) make investments and financial assistance available to low–income communities in the State from the Corporation’s money or from any other source;
(8) build a long–term financial capacity and sustained investment in low–income communities in the State;
(9) coordinate and create pathways to follow–on financing in the State; and
(10) foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist low–income communities.