April 6, 2021: CDFIs, The Capital Magnet Fund and How to Improve Your Odds of a Successful Application

Published by Michael Novogradac on Tuesday, April 6, 2021 - 2:15pm

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Amanda Read, CPA, discuss community development financial institutions (CDFIs) and the Capital Magnet Fund (CMF), including explanations of each. They discuss how to apply for the CMF, how the CMF interacts with tax incentives, what CMF applicants should be doing now, what makes a successful CMF application and how previous applicants should look at their experience. They also discuss the interaction between CDFIs and the Federal Home Loan Bank.