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Perlow Discusses 2010 Round of NMTC Allocations with Affordable Housing Finance

Gary PerlowIn the 2010 round of New Markets Tax Credit allocations, 99 community development entities (CDEs) will share $3.5 billion in awards. More than $1.5 billion of the allocation has been made to Reznick Group clients.

Gary Perlow, Reznick Group's NMTC practice leader, shared his thoughts on the awards in a recent discussion with Affordable Housing Finance. According to Perlow, although the award amounts are smaller this year (median award size of $35 million versus $50 million median award size in 2009) the CDFI Fund was able to spread the credits to more groups.

"It's a healthy thing because it got more people in the game", Perlow said.

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