CDFI Fund Announces $3.5 Billion in NMTC Allocations to 73 CDEs
The Community Development Financial Institutions (CDFI) Fund today awarded $3.5 billion in new markets tax credit (NMTC) allocation authority to 73 community development entities (CDEs) under the 2018 allocation round of the NMTC program. The CDFI Fund received applications from 214 CDEs, requesting $14.8 billion in allocation authority. The allocatees are headquartered in 35 states, Puerto Rico and the District of Columbia. The NMTC program is authorized through the 2019 round of allocations.
The Novogradac 2019 New Markets Tax Credit Spring Conference is June 6-7 in Washington, D.C.