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CDFI Fund to Award Only CY 2013 NMTC Allocation Authority

Thursday, February 27, 2014 - 8:00AM

The Community Development Financial Institutions (CDFI) Fund announced today that it will only award Calendar Year (CY) 2013 new markets tax credit allocation authority in the amount of $3.5 billion during the current application round. It will not award CY 2014 allocation authority at this time. The CDFI Fund has amended its July 29, 2013 Notice of Allocation Authority (NOAA) because Congress has not authorized allocation authority for CY 2014. The CDFI Fund said that it anticipates making CY 2013 awards in late spring. The CDFI Fund plans to publish the amended NOAA in the Federal Register next week.

Tune into the March 4 Tax Credit Tuesday podcast to hear more about the change.

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