- Associated Press - Tuesday, June 16, 2015

DETROIT (AP) - Tax credits have been allocated for community development projects in Michigan and other states.

U.S. Sens. Debbie Stabenow and Gary Peters of Michigan on Tuesday announced the credits through the Treasury Department’s New Markets Tax Credit Program, which seeks to spur investment in low-income communities.

Stabenow and Peters say that the tax credits help the work of the Great Lakes Capital Fund.

Last year in Michigan, the fund used tax credits to support the M-1 light rail project in Detroit as well as the HAVEN domestic violence shelter in Oakland County.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide