CDFI Fund Updates FAQs for AMIS NMTC Applicants After Recent Webinar

Wednesday, December 15, 2021 - 10:30am

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund posted updates Wednesday to its calendar year (CY) 2021 New Markets Tax Credit (NMTC) Program application FAQs. The updates answer questions raised during Nov. 10 webinar, including how to categorize Paycheck Protection Program (PPP) loans, clarifying the “last ten years” portion in a question about the duration of qualified low-income community investments (QLICIs) and the type of information to include when quantifying environmentally sustainable outcomes. Other announced CDFI Fund updates include slides from a recent Native CDFI and Native community development entity (CDE) webinar as well as a correction to a CY 2021 NMTC Program Notice of Allocation Availability (NOAA) deadline.

Hear more NMTC updates at the Novogradac 2022 New Markets Tax Credit Conference from Jan. 20-21, 2022, in San Diego.