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CREDIT CRAZE: "There are more players interested in [historic tax credits] now and more developers than ever," says Jim Rykowski, vice president of commercial lending at Evans Bancorp.

Banks Pad Profits with Historic Tax Credit Lending

Thanks to redevelopment efforts in the once-neglected downtown areas of Buffalo, Detroit and other cities, banks are seeing improvements to their bottom lines. Banks and developers credit a federal historic tax credit program for the results.

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