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CDFI Fund Awards $3.5 Billion in NMTC Allocation Authority

Tuesday, February 13, 2018 - 8:45AM

The Community Development Financial Institutions (CDFI) Fund today awarded $3.5 billion in allocation authority to 73 community development entities (CDEs) under the calendar year 2017 new markets tax credit (NMTC) allocation round. The CDFI Fund selected awardees from a pool of 230 applicants requesting a total $16.2 billion in allocation authority. The allocatees are headquartered in 29 states, Guam and the District of Columbia and are expected to make more than $685 million in NMTC investments in non-metropolitan counties. An overview of the evaluation process is available on the New Markets Tax Credit Resource Center.

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