NEW YORK, Feb. 28, 2011 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. (the "Company") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank ("Carver" or the "Bank"), announced today that Carver Community Development Corporation ("Carver CDC"), a wholly owned subsidiary of Carver, was awarded $25 Million in New Markets Tax Credits ("NMTC") by the Community Development Financial Institutions Fund ("CDFI"), which is administered by the U.S. Department of the Treasury.
Carver Bancorp, Inc. Announces $25 Million New Markets Tax Credit Allocation
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