CDFI Fund Opens 2012 NMTC Funding Round
The Community Development Financial Institutions (CDFI) Fund today opened its 2012 round of competition for the New Markets Tax Credit (NMTC) program. The CDFI Fund says that it will make available up to $5 billion in tax credits, pending Congressional authorization. The application deadline for the 2012 round is September 12, 2012. Application materials can be found on the CDFI Fund’s web site; application information has also been posted online at www.newmarketscredits.com. The CDFI Fund says it will present an online application workshop on July 18, and it will hold two conference calls to answer applicants’ questions on July 24 and July 26.