CDFI Fund Awards $7 Billion in NMTC Allocation Authority

Thursday, November 17, 2016 - 1:00PM

U.S. Treasury Secretary Jacob Lew and Community Development Financial Institutions (CDFI) Fund Director Annie Donovan today announced that 120 community development entities (CDEs) were selected to receive a record $7 billion in new markets tax credit (NMTC) allocation authority under the calendar years 2015-16 award round. The CDEs were selected from a pool of 238 applicants that requested more than $17.6 billion in allocation authority. The Round 13 allocatees are located in 36 states, the District of Columbia and Puerto Rico.

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