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Updated LIC Data Can Be Used Now for NMTC Program

Tuesday, October 31, 2017 - 1:30PM

Updated 2011-2015 American Community Survey (ACS) low-income community (LIC) data for the New Markets Tax Credit (NMTC) program can be used beginning today, with a one-year transition period in which applicants can alternatively choose to use 2006-2010 data, according to the Community Development Financial Institutions (CDFI) Fund. The CDFI Fund also announced that Bank Enterprise Award Distressed Community Data will be released next spring and both CDFI and Native American CDFI Assistance program data will be released next summer.

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