Intense Competition Anticipated for 2013-2014 NMTC Funding Round

Published by Michael Novogradac on Wednesday, July 24, 2013 - 12:00am

The Community Development Financial Institutions (CDFI) Fund today opened the 2013-2014 round of competition for the New Markets Tax Credit (NMTC) Program. The CDFI Fund says that it will make available up to $8.5 billion in tax credits. The application deadline for the 2013-2014 round is September 18.

Demand for NMTC allocation has been consistently high in each of the program’s 10 application rounds to date. Interest in this year’s tax credit application round is expected to continue that trend.

 

Blog Chart Intense Competition Anticipated for 2013-2014 NMTC Funding Round

 

To help interested community development entities apply for the 2013-2014 round, Novogradac & Company will host a 2013-2014 NMTC Application Webinar on August 14. Details will be available shortly at www.novoco.com/webinars.

In the meantime, application materials can be found on the CDFI Fund’s web site; application information has also been posted online at www.newmarketscredits.com.

And after the NMTC application deadline has passed, join us in New Orleans for the Novogradac New Markets Tax Credit Conference, Oct. 10-11.