CDFI Fund Opens 2019 NMTC Application Round

The Community Development Financial Institutions (CDFI) Fund today announced the opening of the calendar year (CY) 2019 allocation round of the new markets tax credit (NMTC). Applications are due Oct. 28. The CDFI Fund anticipates announcing 2019 NMTC awards in summer 2020.The CDFI Fund today posted the NMTC program application, the notice of allocation availability, an introduction to the NMTC program, an Awards Management Information System navigation guide, an application frequently asked questions guide and an application roadmap presentation.   Copies of these materials are also available at www.newmarketscredits.com.

CDFI Fund application conference calls will be Sept. 12 at 1 p.m. EST and Sept. 16 at 2 p.m. EST. Novogradac will present an NMTC application webinar in the next two to three weeks; stay tuned for details to follow in an upcoming email alert.

Contact a Novogradac partner for NMTC application assistance.