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CDFI Fund Issues New Draft Allocation Agreement

Friday, October 21, 2016 - 11:30AM

The Community Development Financial Institutions (CDFI) Fund has released a draft version of its allocation agreement for the 2015-2016 new markets tax credit (NMTC) allocation round. Several updates were made to the 45-page draft, including required information about investments in Native lands in the innovative investment section, new deadlines for qualified low-income community investments (QLICIs) and changes in whether an allocatee can use proceeds to repay or refinance expenses incurred by a provider whose capital was used to fund the investment.

The New Markets Tax Credit Working Group will submit comments on the allocation agreement. To submit comments to be considered for inclusion with the Working Group’s comments, email [email protected].

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