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CDEs Applying in Current NMTC Round Must Complete TLR Interim Certification by End of Monday

Friday, March 25, 2022 - 2:45PM

Community development entities (CDEs) applying in the calendar year 2021 round of new markets tax credit (NMTC) allocation are required to complete a transaction-level report (TLR) interim certification in the Community Development Financial Institutions (CDFI) Fund’s Awards Management Information System (AMIS) by Monday. In a FAQ document released in December 2021, the CDFI Fund said it will only consider qualified low-income community investments (QLICIs) and qualified equity investments (QEIs) that closed on or before March 21 for current round applicants if the applicable TLR data has completed interim or final certification in AMIS by 11:59 p.m. ET Monday.

CDFI Fund requirements and the state of the CY 2021 round will be a focus of the Novogradac 2022 Spring New Markets Tax Credit Conference, June 9-10 in Washington, D.C.

 

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