Category Archives: NMTC

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New Markets Tax Credit Allocations Announced

On November 17, 2016, the Community Development Financial Institutions (CDFI) Fund announced the allocation of $7 billion of Federal NMTC authority. The Community Development Entities receiving this allocation are actively looking for projects to fund. If you have or are aware of a project looking for federally subsidized funding, you may be in luck. Both … Continue Reading

NMTC Updates

The Community Development Financial Institutions Fund (CDFI) issued its NMTC Qualified Equity Issuance Report. Since program inception, a total of $43.5 billion has been allocated by the CDFI Fund, $41.7 billion has been finalized and $1.7 billion remains to be finalized. The CDFI Fund recently announced that it intends to combine allocation authority for calendar … Continue Reading

New Markets Tax Credit FAQ

The U.S. Department of Treasury’s Community Development Financial Institutions Fund  has issued the October 2015 edition of the New Markets Tax Credit Compliance and Monitoring Frequently Asked Questions (FAQ).  The October 2015 edition supersedes the December 2014 edition.… Continue Reading

New Markets Tax Credit Data Released For 2003 – 2013

The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released public data collected on new markets tax credit (NMTC) investments for fiscal year (FY) 2003 to 2013. During the first 11 NMTC allocation rounds, the CDFI Fund has made 836 awards to community development entities allocating a total of $40 billion … Continue Reading
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