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Texas Community Development Allocates $5 Million New Market Tax Credits to Lifeworks



AUSTIN, TX - Waveland Community Development is pleased to announce that Texas Community Development has allocated $5 million of New Market Tax Credits to Lifeworks Austin, a non-profit corporation that serves homeless and runaway youth.  LifeWorks provides the most comprehensive network of support services for at-risk youth and families in Austin, offering a safety net of support to more than 10,000 families every year. Their emergency walk-in shelter is the only facility of its kind in Austin.

 

Waveland Community Development (WCD) serves as an advisor to Texas Community Development, an Austin, Texas headquartered Community Development Entity.  Since 2007 WCD has been awarded $227 million New Market Tax Credits by the U.S. Treasury Department's CDFI Fund.



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