CDEs Must Submit QEI, QLICI Thresholds, Requirements by Jan. 31

Friday, January 24, 2020 - 2:30pm

To be eligible for the new round of allocation authority, community development entities (CDEs) that received prior allocations of new markets tax credits must submit their qualified equity investments (QEIs) to the Community Development Financial Institutions (CDFI) Fund by the end of day Jan. 31 to have them recognized as “finalized.” CDEs must meet their QEI issuance thresholds and qualified low-income community investment requirements, which vary from 100 percent of calendar year (CY) 2013 allocation to 30 percent of CY 2018 allocation.