The Community Development Financial Institution Fund (CDFI Fund) has issued a call for comments about the New Markets Tax Credit (NMTC) Program. This request is due to the CDFI Fund’s ongoing mission to improve the effectiveness of the program while simultaneously reducing costs and the burden the program places on participants. More specifically, CDFI Fund is seeking comments on the following areas regarding the NMTC program:
- Census Tract Eligibility and Commitment to Areas of Higher Distress
- Treatment of Certain Businesses
- Community Accountability
- Transaction Costs
- Evaluation of Financial Products
- Use of other federally subsidized financing in conjunction with NMTCs
Comments about the program should be received by February 6, 2012. Those interested may send comments by e-mail to cdfihelp@cdfi.treas.gov; by facsimile to (202) 622-7754, or by mail to:
Bob Ibanez
Manager, NMTC Program, CDFI Fund
U.S. Department of the Treasury
601 Thirteenth Street, NW
Suite 200 South
Washington, DC 20005
To view the press release from the CDFI Fund, click here.
