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CDFI Fund Publishes Notice on Changes to NMTC Transaction Level Report

Wednesday, February 8, 2023 - 1:30PM

The Community Development Financial Institutions (CDFI) Fund today published in the Federal Register a notice and request for comment on changes to the new markets tax credit (NMTC) program transaction level report (TLR), seeking to address corrective actions suggested by a 2014 Government Accountability Office report. The CDFI Fund proposes to revise data points on fees and transaction costs to provide comprehensive reporting and alignment with other forms and to add new data points to measure the depth of public subsidy in NMTC transactions. There are additional recommendations in the notice. Comments are due by April 10.

Updates from the CDFI Fund will be among the topics at the Novogradac 2023 Spring New Markets Tax Credit Conference, June 8-9 in Washington, D.C.

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