CDFI Fund Targeting February NMTC Allocation Announcement

Friday, January 26, 2018 - 9:45AM

The Community Development Financial Institutions (CDFI) Fund will likely announce the $3.5 billion 2017 round of new markets tax credit allocations in February, according to Christopher Allison, CDFI Fund associate program manager. In a question-and-answer session at the 2018 Novogradac New Markets Tax Credit Conference Friday, Allison said, “We’re optimistic it will happen in February, although that’s always subject to change.” The CDFI Fund’s last NMTC allocation was the 2015-2016 combined $7 billion allocation round, announced Nov. 17, 2016.

Learn more about Novogradac's expertise and many services