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CDFI Fund Releases Updated NMTC Eligibility Files for Island Areas

Thursday, February 15, 2024 - 12:36PM

The Community Development Financial Institutions (CDFI) Fund recently released updated eligibility files for the new markets tax credit (NMTC) incentive for island areas. The CDFI Fund also provided an updated frequently asked questions (FAQ) document on 2016-2020 American Community Survey data for the NMTC incentive. The Island Areas eligibility files are based on the 2020 Island Areas Decennial Census data and provide NMTC eligibility information for American Samoa, the Northern Mariana Islands, Guam and the U.S. Virgin Islands to match files released Sept. 1, 2023, for all other areas. The FAQ document includes updated answers for the island area data and about changes to county equivalents in Connecticut.

The CDFI Fund regulations will be a topic at the Novogradac 2024 Spring New Markets Tax Credit Conference, June 6-7, in Washington, D.C.

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