Sign Up For Novogradac Industry Alert Emails

CDFI Fund: 197 CDEs Apply for CY 2022 NMTC Allocation Authority

Tuesday, March 14, 2023 - 2:45PM

The Community Development Financial Institutions (CDFI) Fund announced today that 197 community development entities (CDEs) applied for allocation in the calendar year (CY) 2022 round of the new markets tax credit (NMTC). The CDFI Fund will allocate up to $5 billion in allocation authority and the CDEs requested $14.8 billion in allocation authority. The CDEs are headquartered in 44 states, the District of Columbia, Guam and Puerto Rico. In the CY 2021 round, 107 CDEs received allocation authority out of 199 applicants. In the CY 2020 round, 100 CDEs received allocation authority out of 208 applicants.

The CY 2022 NMTC round will be a focus at the Novogradac 2023 Spring New Markets Tax Credit Conference, June 8-9 in Washington, D.C.

Learn more about Novogradac's expertise and many services