City First Bank (BYFC) awarded $75M NMTC allocation from CDFI Fund

BROADWAY FINANCIAL CORP \DE\

Broadway Financial's bank subsidiary receives $75 million New Markets Tax Credit allocation.
City First Bank has deployed $548M in NMTC allocations across 54 projects historically.
Allocation will fund financing in low-income communities for education and healthcare.
New NMTC Advisory Council members include Desmond Marshall and Dr. Marla Dean.

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