CDEs Request $16.2 Billion in NMTC Authority in Application Round

Tuesday, August 8, 2017 - 9:15am

A total of 230 community development entities (CDEs) requested $16.2 billion in new markets tax credit (NMTC) authority in the 2017 round of the NMTC program, the Community Development Financial Institutions (CDFI) Fund announced today.  The $16.2 billion in requests is more than four times the $3.5 billion in NMTC authority available in the round, but is the lowest amount requested in the 14 rounds since the NMTC program began. CDEs that issued the requests are headquartered in 42 states, the District of Columbia, Puerto Rico and Guam.