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CDFI Fund Releases CIIS Transaction-Level Data

Tuesday, March 28, 2006 - 2:15PM

Last week the Community Development Financial Institutions (CDFI) Fund released the preliminary results of its analysis of transaction level data submitted by New Markets Tax Credit (NMTC) Program allocatees through the Community Investment Impact System (CIIS). In 2004, a total of 50 allocatees (mostly Round I allocatees) made $1.265 billion in qualified low-income community investments (QLICIs). In the three allocation rounds to date, the CDFI Fund has made 170 awards totaling $8 billion in NMTC authority.

The CDFI Fund reports that more than 90 percent of the loans and investments reported for 2004 went to communities that have higher levels of distress than the program's threshold requirements and 100 percent of these loans and investments were made at better than market rates and terms. Additional details are available from the CDFI Fund web site: www.cdfifund.gov.

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