March Update

Phoenix Community Development & Investment Corp. (PCDIC) recently deployed $13 million in New Markets Tax Credit (NMTC) allocation to Child Crisis Arizona, a Mesa, Ariz.-based nonprofit focused on preventing child abuse and neglect. The deployment was part of PCDIC’s $60 million CY 2022 NMTC allocation from the U.S. Department of Treasury’s Community Development Financial Institutions Fund. The NMTC program is designed to stimulate private investment in projects that create substantial community impacts in economically distressed communities.