Self-Help Awarded Tax Credits in Federal Program to Spur Investment

Self-Help Ventures Fund in Durham has been awarded $25 million in tax credits that it can, in turn, use to try to attract private capital investments in low-income or distressed areas. The institution was one of three in the state awarded a slice of $120 million in New Market Tax Credit authority from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.