CDFI Fund Releases Annual Report on NMTC Data

Monday, September 25, 2017 - 1:00PM

The Community Development Financial Institutions (CDFI) Fund today released its annual summary report on data collected on the New Markets Tax Credit (NMTC) program. Today’s report includes data through fiscal year 2015 and shows that more than 75 percent of qualified low-income community investments (QLICIs) have been made in areas meeting at least one of the criteria for primary indicators of higher distress. It also shows that more than 90 percent of QLICIs offer below-market interest rates or satisfy at least two indications of flexible or non-traditional rates and terms.

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