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. The $10 billion combined round has an application deadline of 5 p.m. ET Jan. 29, 2025. The application registration deadline in the CDFI Fund’s Awards Management Information System (AMIS) is December 5, and Jan. 27, 2025 is the last day the CDFI Fund will answer questions about the application. There is an April 17, 2025, deadline for qualified equity investment (QEI) issuance and qualified low-income community investment (QLICI) requirements. The CDFI Fund says the awards will be announced in fall 2025.
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