The CDFI Fund received 230 applications in its 2017 round for the New Markets Tax Credit Program. Those applications represent $16.2 billion requested in allocation authority – more than four-and-a-half times greater than the $3.5 billion available.
Applicants this year are located in 42 states, the District of Columbia, Puerto Rico, and Guam.
The CDFI Fund’s website has further information on the NMTC Program.
The Community Development Financial Institutions (CDFI) Fund announced the opening of the 2024-2025 New Markets Tax Credit (NMTC) application round, with notice of allocation availability expected to be published in Thursday’s Federal Register.
HUD is marking the 50th anniversary of the Housing Choice Voucher (HCV) program, established under the Housing and Community Development Act of 1974.
The Department of Housing and Urban Development (HUD) has proposed draft Mortgagee Letters adjusting underwriting standards for affordable multifamily housing loans.
The Federal Housing Finance Agency (FHFA) has raised the multifamily loan purchase caps for Fannie Mae and Freddie Mac to $146 billion in 2025, up from $142 billion in 2024. Workforce housing loans will continue to be exempt from the caps.