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9. Which of the following is not true about the New Market Tax Credit Program? a CDFI administers the allocation of $15 billion in it,
9.
Which of the following is not true about the New Market Tax Credit Program?
| a | CDFI administers the allocation of $15 billion in it, authorised by Congress in 2000 | |
| b | Private investors receive tax credits in return for making investments in CDEs | |
| c | Investors receive their tax credits over 20 years, 5% in each of the first 10 years followed by 10% for the next 10 years | |
| d | All the above are true |
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