CDFI Fund Announces NMTC Awards Delay, Revises Program Deadlines

Tuesday, February 12, 2019 - 10:00am

The Community Development Financial Institutions (CDFI) Fund today announced that the allocation awards announcement for the calendar year (CY) 2018 round of the new markets tax credit (NMTC) is delayed until spring 2019, due to the recent government shutdown. Fiscal year (FY) 2018 Capital Magnet Fund awards will be announced during the first quarter of the year and the FY 2019 notice of funding availability for financial assistance and technical assistance awards under the CDFI program and Native American CDFI Assistance program is expected for release in the second quarter.

The CDFI Fund also revised certain deadlines. Compliance reports for award and allocation recipients that were due between December 2018 and February 2019 have the new reporting deadline of March 31 and revised CDFI and NMTC reporting guidance will be posted in early March. Additional revisions are detailed here.