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
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
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
The Community Development Financial Institutions Fund has released a Notice of Allocation Availability for the calendar year (CY) 2015 round of the New Markets Tax Credit Program. The allocation authority for the CY 2015 round is subject to congressional authorization. Applications are due on December 16, 2015.… Continue Reading
The Senate Finance Committee announced that it will hold a July 21st markup of legislation extending the New Markets Tax Credit and dozens of other expired tax breaks. The bill extends the New Markets Tax Credit and 51 other tax breaks for two years. The bill extends the New Markets Tax Credit through 2016, permitting … Continue Reading
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
The CDFI Fund just announced the 2014 New Markets Tax Credit allocation awards. A total of $3.512 billion in allocation was awarded to 76 awardees. 2014-NMTC-Program-Award-Book… Continue Reading
