Accion Opportunity Fund Community Development

New market tax credits program - in 2003, the organization was certified by the u.s. Department of treasury community development financial institution fund ("cdfi fund") as a community development entity ("cde") under its new market tax credit ("nmtc") program. As of june 30, 2024, the organization has received a cumulative total of $498 million of tax credit allocations. The organization through its subsidiary cde, the lcd new markets fund, llc, uses these allocations to attract new capital to support large real estate projects providing high community impact in low-income areas. As of june 30, 2024 and 2023, the organization has deployed $498 million and $472 million in qualified equity investments ("qeis"), respectively.

Policy program: accion opportunity fund conducts program evaluation and research and advocates for federal, state and local public policies that will benefit our mission and the working families that our programs serve.