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CY 2021 NMTC Applicants Requested $14.7 Billion in Total Allocation Authority, Nearly Triple Amount Available

Monday, February 28, 2022 - 8:15AM

The Community Development Financial Institutions Fund today announced it received 199 applications from community development entities (CDEs) under the calendar year (CY) 2021 round of the new markets tax credit (NMTC). Applicants are headquartered in 43 states, the District of Columbia, Guam and Puerto Rico. These CDEs requested $14.7 billion in total NMTC allocation authority, nearly triple the $5 billion available under the CY 2021 round. 

Get more NMTC updates at the Novogradac 2022 Spring New Markets Tax Credit Conference in Washington, D.C., and online, June 9-10.

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