CDFI Fund
CDFI Fund Seeks Underwriters, Assessors to Review Applications
The CDFI Fund is looking for experienced affordable housing professionals to review Capital Magnet Fund applications from early October through mid-November. Applicant reviewers would work from their own chosen remote location.
2017 Shows Continued High Demand for New Markets Tax Credits
The CDFI Fund received 230 applications in its 2017 round for the New Markets Tax Credit Program.
CDEs Going Above and Beyond in New Compliance Study of New Markets Tax Credit
A recent report commissioned by the CDFI Fund not only found full compliance amongst all Community Development Entities (CDEs) reviewed, but also found that CDEs generally exceeded minimum financing thresholds mandated by the IRS.
CDFI Fund Plans to Open 2017 Round of Capital Magnet Fund in June
The CDFI Fund estimates up to $120 million will be available for this funding round.
2017 NMTC Program Electronic Application Now Available
The electronic application for the 2017 round of the New Markets Tax Credit Program (NMTC Program) is available for applicants through their Awards Management Information System (AMIS) accounts. The Community Development Financial Institutions Fund (CDFI Fund) published the Notice of Allocation Availability for the 2017 round in the Federal Register on May 4, 2017. Community […]
CDFI Fund: Capital Magnet Fund Applications Likely Open in June, Information Call May 10
The CDFI Fund announced Thursday that the FY 2017 funding round will likely open in June of this year. An estimated $120 million will be available for the round.
CDFI Fund Opens CY 2017 NMTC Funding Round
The CDFI Fund released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2017 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2017 round.
CDFI Fund Releases Draft 2016 Allocation Agreement Closing Document
NH&RA’s New Markets Tax Credit Council will be hosting a call in the near future to discuss these changes and looks forward to your contributions towards a comment letter. Read on for a summary of changes.
CDFI Fund Awards $185.7M, 10 NH&RA Members Awarded
The FY 2016 round moves the CDFI Fund past the $2B mark in investments to CDFIs and Native CDFIs through the CDFI and NACA Programs.
NMTC Data Released: Commercial Real Estate and Higher Distress Areas Dominate
The data covers 4,541 total Qualified Active Low-Income Community Businesses and almost $38.5B in NMTC investments.
CDFI Fund Combines CY 2015 and 2016 Rounds of New Markets Tax Credit Program
By combining the CY 2015 and CY 2016 allocation rounds, the CDFI Fund will be able to announce the allocation of New Markets Tax Credits in the year for which they are authorized, and will be able to help more communities access the benefits of the tax credits sooner.
FY-2016 Funding Round Opens for Capital Magnet Fund
CDFIs and qualified non-profits can use Capital Magnet Fund awards to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees.