CDFI Fund Updates Compliance Monitoring FAQs Document for NMTC Program

Friday, March 29, 2019 - 11:00am

The Community Development Financial Institutions Fund today provided an updated frequently asked questions (FAQs) document for compliance with the New Markets Tax Credit (NMTC) program. The new document, which supersedes the May 2017 FAQs document, includes information on some Award Management Information System reporting requirements, the definition of “housing unit” to clarify the forms of affordable housing that can be financed, new information on how to determine whether a property is in a food desert and more. Announcement of the 2018 NMTC allocation awards is expected soon.