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CDFI Fund Updates CDFI TLR Data Point Guidance; Novogradac NMTC Conference This Week
The Community Development Financial Institutions (CDFI) Fund has updated its CDFI transactional level report (TLR) data point guidance, revising select provisions from the September 2020 guidance. The specific revisions relate to CDFI loan participations, which no longer preclude loan participations made on different dates. The CDFI Fund updated the guidance, based on the possibility that the “same date” instruction could lead to confusion. The TLR instructions now say “for loan participations, report only your portion of the loan participation.” The change is applicable to TLRs due June 30, 2021, or later.
Updates from the CDFI Fund will be among the many topics covered at the Novogradac 2021 Spring New Markets Tax Credit Virtual Conference, this Thursday and Friday.