U.S. Bancorp (USB) supported $202 million of tax-credit-based financing in the southeastern United States last year, more than doubling its community development financing from the previous year.

U.S. Bancorp Community Development Corporation, the $13.6 billion-asset subsidiary of Minneapolis company, specializes in state and federal tax credit supported community development financing. Its work funds the rehabilitation of historic buildings, construction of affordable and market-rate homes and small business development in underserved communities in Alabama, Florida, Georgia, Louisiana and Mississippi, the bank said in a press release.

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