The Community Development Financial Institutions (CDFI) Fund recently released the Notice of Allocation Availability (NOAA) to open the next allocation round for the New Markets Tax Credit (NMTC) program. The NOAA makes $5 billion in tax credit authority available for the calendar year (CY) 2014 round. Since the program is only authorized through 2013, the CY 2014 allocation round is conditional upon Congressional re-authorization.
Important Deadlines
- CDE Certification Application: August 22, 2014
- NMTC Electronic Application: October 1, 2014
- Prior Allocatees’ Issuance of Qualified Equity Investments: January 30, 2015
The CDFI Fund will conduct two one-hour conference calls to answer applicant questions. The dial-in number is 1-888-810-3948 and the passcode is 5217369. No prior registration is necessary.
- Tuesday, August 12, 2014, 2:00 p.m. EDT
- Thursday, August 14, 2014, 4:00 p.m. EDT
Application Materials
- NMTC application materials and resources are available at www.cdfifund.gov/nmtc.
- CDE Certification application materials and resources are available at www.cdfifund.gov/cde.
Questions
For more information on the NMTC application or certification as a CDE, please contact the CDFI Fund’s Help Desk at cdfihelp@cdfi.treas.gov or 202-653-0421.
Click here to learn more about the CY 2014 NMTC allocation round.
