Sign Up For Novogradac Industry Alert Emails

NMTC Applicants Request $14.8 Billion in 2018 Round

Wednesday, August 8, 2018 - 8:15AM

The Community Development Financial Institutions (CDFI) Fund today announced that 214 applicants requested $14.8 billion in new markets tax credit (NMTC) allocation authority under the 2018 round of the program. The allocation amount requested is more than four times the $3.5 billion in authority available for the 2018 round. Applicants are headquartered in 43 states, the District of Columbia and Puerto Rico. The CDFI Fund expects to announce allocation awards in winter 2019.

Learn more about Novogradac's expertise and many services