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CDFI Fund Receives 196 Applications for CY 2023 Round of NMTC Allocation

Friday, January 26, 2024 - 9:58AM

The Community Development Financial Institutions (CDFI) Fund announced today it received applications from 196 community development entities (CDEs) for the calendar year (CY) 2023 round of new markets tax credit (NMTC) allocation. The announcement states that applicants are headquartered in 44 states as well as the District of Columbia and Puerto Rico. These CDEs requested $14.7 billion in NMTC allocation authority, nearly triple the $5 billion available for the CY 2023 round.

Learn more about NMTCs at the Novogradac 2024 Spring New Markets Tax Credit Conference June 6-7 at Fairmont Washington in Washington, D.C.

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