The Community Development Financial Institutions (CDFI) Fund has announced that it received 282 applications for the 2012 New Markets Tax Credit (NMTC) application round. The community development entities (CDEs) requested a combined $21,901,474,907 in allocation authority and are headquartered in 44 states, the District of Columbia and Puerto Rico. Through the first nine rounds of the NMTC Program, the CDFI Fund has made 664 awards totaling $33 billion in tax credit allocation authority. The CDFI Fund said it plans to announce the awards in early 2013, pending congressional reauthorization.
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