NMTC Report: CDEs Disbursed $44.4 Billion in QEI Proceeds through FY 2016
The Community Development Financial Institutions (CDFI) Fund today released a summary report and data file on new markets tax credit (NMTC) investments from fiscal year (FY) 2003-2016. Through FY 2016, allocatees disbursed $44.4 billion in qualified equity investment proceeds toward more than 5,300 NMTC investments. Of those NMTC investments, 57.8 percent were non-real estate qualified active low-income community businesses (QALICBs) or operating businesses, 40.9 percent were real estate QALICBs and 1.4 percent were beneficiaries of loans or investments made by community development entities (CDEs) through other unrelated CDEs without allocations.
The Novogradac 2019 New Markets Tax Credit Conference in San Diego, Jan. 24-25, will feature panels on current issues for CDEs, preparing for NMTC allocation awards and more.