The New Market Tax Credit Program is administered by the Community Development Financial Institutions Fund, a Department of U.S. Treasury. It provides tax credit incentives to investors for investments in Certified Community Development Entities, which then invest in projects in distressed communities. In 2009, the SBA Loan Fund received a $50 million NMTC allocation. The deployment of this allocation was undertaken in partnership with a large diversified financial institution through 4 closed-end funds, which are currently closed to new investors. These investments allowed for the creation of 612 permanent jobs by the businesses financed.