CDFI Fund Updates CY 2022 NMTC Application FAQs

Thursday, December 15, 2022 - 8:15am

The Community Development Financial Institutions (CDFI) Fund posted an updated calendar year 2022 (CY 2022) new markets tax credit (NMTC) allocation application frequently asked questions (FAQ) document. The updated guidance is in Section I of the FAQs and is in response to questions submitted through the CDFI Fund’s Award Management Information System (AMIS) for a conference call Question & Answer Webinar hosted Dec. 1. The additional guidance includes how applicants should discuss the ways in which their proposed NMTC investments would benefit low-income persons and communities. CY 2022 NMTC allocation applications are due Jan. 26, 2023.

The CY 2022 round of the NMTC, including how to measure the impact of NMTCs in a low-income community,  will be discussed at the Novogradac 23rd Annual New Markets Tax Credit Conference in San Diego, Jan. 19-20, 2023. The Dec. 13 episode of the Novogradac Tax Credit Tuesday podcast provides five tips to strengthen an NMTC allocation application.