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CDFI Fund Updates NMTC Guidance

Friday, October 30, 2015 - 2:45PM

The Community Development Financial Institutions (CDFI) Fund today updated its NMTC Compliance Monitoring Frequently Asked Questions document. The update provides supplemental guidance on the use of qualified low-income community investments proceeds to pay a debt or equity provider to monetize an asset, and to clarify the guidance’s applicability to the calendar year 2015 new markets tax credit (NMTC) application round. The deadline to submit application questions to the CDFI Fund on the 2015 NMTC allocation round is Dec. 14 at 5 p.m. EST.  

For more information about the next NMTC allocation application round, register for the Novogradac 2015 NMTC Application Webinar that will be held Nov. 12, from 1 p.m. to 4 p.m. EST.

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