Novogradac & Company LLP - New Markets Tax Credit Resource Center Breaking News

COMMENTS ACCEPTED ON CERTIFICATION OF MATERIAL EVENTS FORM

Fri, 12 Mar 2010 9:50:00 -0700

The Community Development Financial Institutions (CDFI) Fund will accept comments on CDFI Form 0036, Certification of Material Events, through April 12, 2010 ...

AGENCIES ADOPT FINAL INTERAGENCY CRA QUESTIONS AND ANSWERS

Thu, 11 Mar 2010 10:50:00 -0700

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision today adopted as final a revised set of "Interagency Questions and Answers Regarding Community Reinvestment." ...

CDFI FUND OPENS FUNDING ROUND OF THE CAPITAL MAGNET FUND

Thu, 04 Mar 2010 11:50:00 -0700

The Community Development Financial Institutions (CDFI) Fund today released a notice of funds availability (NOFA) for the inaugural application round of the Capital Magnet Fund. ...

REPORT DESCRIBES IMPACT OF FEDERAL HISTORIC TAX CREDIT

Wed, 03 Mar 2010 10:00:00 -0700

The federal historic tax credit is a highly efficient job creator-accounting for the creation of 1.8 million new jobs over the life of the program, according to the "First Annual Report on the Economic Impact of the Federal Historic Tax Credit," which was released today ...

BILL TO CREATE STATE NMTC MAKES PROGRESS IN WISCONSIN

Tue, 02 Mar 2010 8:59:00 -0700

The Senate yesterday began consideration of the American Workers, State, and Business Relief Act of 2010, which would extend tax provisions that expired on December 31, 2009, as well as address several provisions that expired on February 28, 2010 ...

BILL TO CREATE STATE NMTC MAKES PROGRESS IN WISCONSIN

Thu, 25 Feb 2010 9:10:00 -0700

The Wisconsin Assembly Committee on Jobs, the Economy and Small Business on February 17 approved Assembly Bill 642, a bill to establish a state tax credit program modeled after the federal new markets tax credit (NMTC) ...

REID INTRODUCES TAX EXTENDERS PACKAGE

Thu, 25 Feb 2010 9:00:00 -0700

Sen. Harry Reid yesterday introduced legislation to extend several tax provisions that expired on December 31, 2009 ...

CDFI FUND INVITES COMMENTS ON QUARTERLY ILR

Wed, 24 Feb 2010 11:25:00 -0700

The Community Development Financial Institutions (CDFI) Fund today invited comments about a version of its institutional level report (ILR) ...

HEALTHY FOOD PLAN INCLUDES $250 MILLION IN NMTC AUTHORITY

Mon, 22 Feb 2010 9:20:00 -0700

The Obama Administration on Friday released details of a Healthy Food Financing Initiative to expand access to nutritious foods in underserved urban and rural communities not currently served by grocery stores and other healthy food retailers. ...

CDFI FUND INVITES COMMENTS ON QUARTERLY REPORT FOR RECOVERY ACT NMTC ALLOCATEES

Fri, 19 Feb 2010 8:58:00 -0700

The Community Development Financial Institutions (CDFI) Fund today letterinvited comments on the Quarterly New Markets Report (QNMR) for new markets tax credit (NMTC) allocatees under the American Recovery and Reinvestment Act of 2009 (Recovery Act) ...

GEITHNER ANNOUNCES PROPOSALS TO EXTEND, ENHANCE NMTC

Thur, 18 Feb 2010 3:55:00 -0700

Treasury Secretary Tim Geithner today met with individual and small business recipients of New Markets Tax Credits (NMTC) to discuss how the credits can be used to attract additional investments to help revitalize distressed communities ...

BAUCUS, GRASSLEY RELEASE DRAFT JOBS BILL WITH TAX EXTENDERS

Thur, 11 Feb 2010 9:55:00 -0700

Senate Finance Committee Chairman Max Baucus, D.-Mont., and Ranking Member Chuck Grassley, R-Iowa, today released a draft of jobs legislation called the Hiring Incentives to Restore Employment (HIRE) Act. ...

SENATE JOBS BILL COULD INCLUDE TAX CREDIT EXTENSIONS

Tue, 09 Feb 2010 14:55:00 -0700

Despite inclement weather that could delay a vote, Senate Majority Leader Harry Reid, D-Nev., is reported to be working to get a bill designed to spur job growth to the Senate floor by the end of this week. ...

CDFI FUND SEEKS APPROVAL FOR NEW NMTC INFORMATION COLLECTION

Thu, 04 Feb 2010 12:55:00 -0700

The Community Development Financial Institutions (CDFI) Fund today announced its intent to request approval from the Office of Management and Budget (OMB) for new information collection activities associated with an independent, multi-year evaluation of the New Markets Tax Credit (NMTC) program ...

PLRS PROVIDE GUIDANCE ON USE OF 6-MONTH CURE PERIOD FOR NMTC

Wed, 03 Feb 2010 12:55:00 -0700

The Internal Revenue Service (IRS) last week released two private letter rulings (PLRs) that discuss the eligibility of a six-month cure for failure to meet the substantially-all requirement within the initial 12 months as required by the new markets tax credit (NMTC) program ...

FEDERAL BUDGET PROPOSAL EXTENDS, ALLOWS NMTC TO OFFSET AMT

Mon, 01 Feb 2010 12:30:00 -0700

Today President Barack Obama transmitted the fiscal year (FY) 2011 proposed budget to the Congress, which includes an extension of the new markets tax credit through 2011, with an allocation amount of $5 billion for each of 2010 and 2011. ...

HISTORIC SCHOOLS REHABILITATION ACT INTRODUCED IN THE SENATE

Fri, 29 Jan 2010 11:25:00 -0700

Congress should consider options to simplify the structure of the new markets tax credit (NMTC) according to a report released today by the Government Accountability Office (GAO)...

HISTORIC SCHOOLS REHABILITATION ACT INTRODUCED IN THE SENATE

Fri, 29 Jan 2010 11:05:00 -0700

Senators Jim Webb, D-Va., and Mark Warner, D-Va., today introduced The Rehabilitation of Historic Schools Act of 2010 ...

DEBRIEFING MATERIAL POSTED FOR UNSUCCESSFUL NMTC APPLICANTS

Wed, 30 Dec 2009 9:05:00 -0700

The Community Development Financial Institutions (CDFI) Fund has made debriefing documents available to community development entities (CDEs) that applied for new markets tax credits (NMTC) but did not receive an allocation in the last allocation round ...

SENATORS PLEDGE WORK ON TAX EXTENDERS IN EARLY 2010

Wed, 23 Dec 2009 9:45:00 -0700

Sens. Max Baucus, D-Mont., and Chuck Grassley, R-Iowa, sent a letter to Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., yesterday regarding adjournment of the first session of the 111th Congress without extending expiring tax assistance provisions ...

EXTENDERS PACKAGE WOULD EXTEND NMTC FOR ONE YEAR

Tue, 8 Dec 2009 2:05:00 -0700

Ways and Means Committee Chairman Charles B. Rangel, D-N.Y., yesterday introduced H.R. 4213 ...

ESTIMATED TIMELINE FOR ROUND 8 OF NMTC PROGRAM DISCUSSED

Tue, 24 Nov 2009 2:05:00 -0700

At the Community Development Financial Institutions (CDFI) Fund�s Advisory Board meeting on November 16, the board reviewed of the accomplishments of the CDFI Fund in the past year and discussed its current timeline for program awards announcements ...

TREASURY, IRS RELEASE 2009-2010 PRIORITY GUIDANCE PLAN

Tue, 24 Nov 2009 2:05:00 -0700

The Treasury Department and Internal Revenue Service (IRS) today released the 2009-2010 Priority Guidance Plan, which contains 315 projects that are scheduled for completion from July 2009 through June 2010 ...

TREASURY ANNOUNCES $5 BILLION IN NMTC ALLOCATION AUTHORITY

Fri, 30 Oct 2009 8:45:00 -0700

Treasury Secretary Tim Geithner and Community Development Financial Institutions (CDFI) Fund Executive Director Donna Gambrell today announced the 99 community development entities (CDEs) selected to receive $5 billion in tax credits to spur private sector investment in communities facing economic challenges under the seventh round of the New Markets Tax Credit (NMTC) program ...

CDFI FUND TO ANNOUNCE $5 BILLION IN NMTC AWARDS FRIDAY

Wed, 28 Oct 2009 15:45:00 -0700

U.S. Department of the Treasury Secretary Timothy Geithner and Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell will announce the CDFI Fund�s 2009 New Markets Tax Credit (NMTC) Program ...

ARK. CDE GETS $70 MILLION; $5 BILLION NMTC ANNOUNCEMENT THIS WEEK

Mon, 26 Oct 2009 13:30:00 -0700

On Saturday, Director of the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Donna J. Gambrell announced an award of $70 million in new markets tax credit (NMTC) allocation authority ...

CLARIFICATION: SATURDAY ANNOUNCEMENT TO HIGHLIGHT NMTC PROGRAM

Fri, 23 Oct 2009 12:30:00 -0700

To clarify our earlier posting: The gathering of dignitaries tomorrow in Little Rock, Ark.�at 10:30 a.m., October 24, will highlight the rural impact of New Markets Tax Credit program awards in Arkansas only ...

SATURDAY ANNOUNCEMENT TO HIGHLIGHT NMTC PROGRAM

Fri, 23 Oct 2009 12:30:00 -0700

Arkansas Business is reporting that Sens. Blanche Lincoln and Mark Pryor of Arkansas, and Maria Haley, director of the Arkansas Economic Development Commission, will highlight the rural impact of awards made under the New Markets Tax Credit (NMTC) program in Arkansas ...

NMTC COALITION SEEKS SIGN-ONS FOR PROGRAM'S EXTENSION

Thu, 15 Oct 2009 11:00:00 -0700

The New Markets Tax Credit (NMTC) Coalition is asking NMTC practitioners to sign on to a letter it has prepared in support of the New Markets Tax Credit Extension Act of 2009. ...

COMMUNITY DEVELOPMENT AWARDS WINNERS TO BE ANNOUNCED OCT. 22

Thu, 8 Oct 2009 10:00:00 -0700

The Novogradac Community Development Foundation (NCDF) will honor special achievement in the field of community development with the Second Annual Community Development Awards ...

CDFI FUND INVITES COMMENT ON CERTIFICATION OF MATERIAL EVENTS FORM

Fri, 18 Sep 2009 9:40:00 -0700

In a notice that will be published on September 21, the Community Development Financial Institutions (CDFI) Fund will invite comments concerning the Certification of Material Events Form ...

NMTC EXTENSION BILL INTRODUCED IN SENATE

Thur, 6 Aug 2009 10:10:00 -0700

Sen. Jay Rockefeller, D-W.V., yesterday introduced S. 1583, the New Markets Tax Credit (NMTC) Extension Act of 2009. ...

CDFI FUND INVITES COMMENTS ON NMTC ALLOCATION APPLICATION

Mon, 3 Aug 2009 10:10:00 -0700

The Community Development Financial Institutions (CDFI) Fund today solicited comments concerning the New Markets Tax Credit (NMTC) program allocation application ...

COMMENTS ON CDE CERTIFICATION APPLICATION ACCEPTED THROUGH AUGUST 28

Wed, 29 Jul 2009 13:50:00 -0700

The Treasury Department will accept comments through August 28, 2009 on CDFI Form 0019, the New Markets Tax Credit (NMTC) Program - Community Development Entity (CDE) Certification Application ...

REPLAY OF HEARING ON NMTC PROGRAM AVAILABLE ONLINE

Thur, 18 Jun 2009 13:50:00 -0700

The House Ways and Means Select Revenue Measures Subcommittee today held a joint hearing with the Financial Services Subcommittee on Domestic Monetary Policy and Technology on issues involving the New Markets Tax Credit program ...

NMTC APPLICANTS REMINDED OF QEI REPORTING DEADLINE

Thur, 11 Jun 2009 11:50:00 -0700

Prior round allocatees that applied for new markets tax credits (NMTCs) in the 2009 application round are reminded that the QEI issuance deadline is Wednesday, June 17 ...

IRS INVITES INPUT ON FORM 8874, NEW MARKETS TAX CREDIT

Thur, 11 Jun 2009 8:50:00 -0700

The Treasury Department, as part of its continuing effort to reduce paperwork and respondent burden, today invited the general public and other federal agencies to comment on Form 8874, New Markets Credit ...

GAO REPORTS ON MINORITY CDEs' PARTICIPATION IN NMTC PROGRAM

Mon, 01 Jun 2009 9:00:00 -0700

From 2005 through 2008, non-minority community development entities (CDEs) that applied for allocations of new markets tax credit (NMTC) authority received about 27 percent and 15 percent, respectively ...

TREASURY ANNOUNCES NMTC AWARDS FUNDED BY THE RECOVERY ACT

Wed, 27 May 2009 9:00:00 -0700

Treasury Secretary Tim Geithner today announced $1.5 billion in new markets tax credit (NMTC) allocations for 32 organizations awarded under the American Recovery and Reinvestment Act ...

249 NMTC APPLICATIONS RECEIVED REQUESTING $22.5 BILLION

Thurs, 14 May 2009 13:50:00 -0700

The U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund announced today that it received a total of 249 applications under the 2009 round of the New Markets Tax Credit (NMTC) program ...

COMMENTS INVITED ON CDE CERTIFICATION APPLICATION

Tue, 5 May 2009 9:30:00 -0700

The Treasury Department today invited comments on CDFI Form 0019, the New Markets Tax Credit (NMTC) Program - Community Development Entity (CDE) Certification Application ...

CDFI FUND ANSWERS FREQUENTLY ASKED COMPLIANCE QUESTIONS

Thu, 30 Apr 2009 11:30:00 -0700

The Community Development Financial Institutions (CDFI) Fund today posted a new version of its New Markets Tax Credit Compliance and Monitoring Frequently Asked Questions document ...

NMTC APPLICATIONS DUE TODAY

Tues, 08 Apr 2009 1:15:00 -0700

Entities that wish to apply for new markets tax credit (NMTC) allocations in the 2009 round are reminded that in addition to submitting allocation applications by 5 p.m. (ET) today, April 8, applicants for the 2009 round must meet additional remaining deadlines in order to be eligible for an allocation ...

NMTC AGAIN NAMED ONE OF TOP 50 INNOVATIONS

Tues, 31 Mar 2009 11:15:00 -0700

The U.S. Department of the Treasury�s New Markets Tax Credit (NMTC) program was again named today as one of the Top 50 Government Innovations ...

CDFI FUND ANNOUNCES NEW COO

Mon, 30 Mar 2009 10:55:00 -0700

Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell today announced the appointment of Jos� Villar to serve as the chief operating officer (COO) of the CDFI Fund beginning today, March 30, 2009 ...

CDFI FUND REVISES NOAA TO INCORPORATE RECOVERY ACT CHANGES

Mon, 23 Mar 2009 8:55:00 -0700

The Community Development Financial Institutions (CDFI) Fund today released an amended notice of allocation availability (NOAA) for the 2009 round of the New Markets Tax Credit (NMTC) program ...

CDFI FUND RELEASES RECOVERY ACT IMPLEMENTATION PLAN

Wed, 18 Mar 2009 8:55:00 -0700

Today, the Treasury Department�s Community Development Financial Institutions (CDFI) Fund released its implementation plan to award nearly $100 million in grants and $3 billion in additional tax credit authority to support community-based financial institutions made available by the American Recovery and Reinvestment Act of 2009 ...

CDFI FUND CREATES WEB PAGE TO TRACK ARRA ACTIVITY

Fri, 27 Feb 2009 8:55:00 -0700

The Community Development Financial Institutions (CDFI) Fund yesterday announced that it created a new section of its public web site that will be the source of all information related to the CDFI Fund's implementation of the American Recovery and Reinvestment Act (ARRA)...

2009 NMTC ONLINE APPLICATION, INSTRUCTIONS NOW AVAILABLE

Tues, 25 Feb 2009 10:11:00 -0700

The Community Development Financial Institutions (CDFI) Fund today published on its web site instructions on how potential applicants can access ...

AMERICAN RECOVERY AND REINVESTMENT ACT SIGNED INTO LAW

Tues, 17 Feb 2009 10:05:00 -0700

President Barack Obama today signed into law the American Recovery and Reinvestment Act of 2009 at a signing ceremony held at the Denver Museum of Nature & Science ...

AGREEMENT ANNOUNCED ON RECOVERY LEGISLATION

Thur, 12 Feb 2009 10:05:00 -0700

Congressional conferees yesterday announced they had reached a tentative agreement on an economic recovery package ...

SENATE OKS RECOVERY BILL WITH LIHTC, NMTC, RETC PROVISIONS

Mon, 10 Feb 2009 10:05:00 -0700

The Senate today voted 61 to 37 to approve H.R. 1, the American Recovery and Reinvestment Act of 2009 ...

SENATE ECONOMIC RECOVERY PROPOSAL WOULD BOOST NMTC PROGRAM

Fri, 23 Jan 2009 9:05:00 -0700

The Senate Finance Committee today unveiled the details of its proposal for an economic recovery package ...

CDFI FUND ADVISORY BOARD MEETING TO BE RESCHEDULED

Wed, 16 Jan 2009 11:10:00 -0700

The Community Development Financial Institutions (CDFI) Fund announced today the opening of the seventh round of competition for tax credits under the New Markets Tax Credit (NMTC) program...

CDFI FUND ADVISORY BOARD MEETING TO BE RESCHEDULED

Wed, 14 Jan 2009 12:10:00 -0700

The Office of the Comptroller of the Currency, Treasury (OCC), Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC) and Office of Thrift Supervision (OTS) yesterday announced the publication of new and revised Interagency Questions and Answers Regarding Community Reinvestment...

INTERAGENCY CRA GUIDANCE UPDATED

Wed, 7 Jan 2009 12:10:00 -0700

The Community Development Financial Institutions (CDFI) announced today that due to significant response to an invitation for written comments on the impact of the financial crisis on its stakeholders, including policy and program recommendations, the meeting of the full Community Development Advisory Board...

DEBRIEFING MATERIAL PROVIDED TO UNSUCCESSFUL NMTC APPLICANTS

Tue, 2 Dec 2008 12:10:00 -0700

Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell announced today that debriefing letters are now available for community development entities (CDEs) that applied for new markets tax credits (NMTC) but did not receive an allocation in the last allocation round ...

NMTC COALITION URGES ADDITIONAL NMTCS FOR ECONOMIC STIMULUS

Mon, 27 Oct 2008 11:10:00 -0700

In response to reports that Congress will consider new economic stimulus legislation, either in a lame duck session in November or when the new Congress convenes next year, a proposal circulated by the New Markets Tax Credit Coalition calls for additional $1 billion in allocations for qualified 2008 new markets tax credit (NMTC) allocation applications that did not receive awards ...

NMTC COALITION ANALYZES ALLOCATION TRENDS

Thu, 23 Oct 2008 9:50:00 -0700

The New Markets Tax Credit (NMTC) Coalition yesterday released analysis of the sixth round of NMTC allocations ...

TREASURY AWARDS $3.5 BILLION IN NEW MARKETS TAX CREDITS

Mon, 20 Oct 2008 11:15:00 -0700

U.S. Treasury Deputy Secretary Robert M. Kimmitt and Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell announced today the 70 organizations selected to receive $3.5 billion in tax credits for use in low-income communities under the 2008 round of the New Markets Tax Credit (NMTC) program ...

CDFI FUND TO ANNOUNCE SIXTH ROUND OF NMTC AWARDS MONDAY

Thu, 16 Oct 2008 11:15:00 -0700

U.S. Treasury Deputy Secretary Robert M. Kimmitt and Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell will announce on Monday $3.5 billion that is being awarded under the 2008 round of the New Markets Tax Credit (NMTC) program ...

CDFI FUND ISSUES GUIDANCE ON TARGETED POPULATIONS

Mon, 6 Oct 2008 11:05:00 -0700

The Community Development Financial Institutions (CDFI) Fund last week published guidance with respect to how community development entities (CDEs) may serve certain geographic areas and targeted populations under the New Markets Tax Credit (NMTC) program...

HOUSE APPROVES RESCUE BILL WITH RETC, NMTC, LIHTC PROVISIONS

Fri, 3 Oct 2008 11:15:00 -0700

The House today voted 263 to 171 to approve H.R. 1424, the Emergency Economic Stabilization Act of 2008, as amended by the Senate earlier this week ...

NMTC, RETC EXTENSIONS ADDED TO FINANCIAL RESCUE BILL

Wed, 01 October 2008 12:40:00 -0700

The Senate last night approved a unanimous consent agreement to attach a package of tax extenders to upcoming financial rescue legislation...

HOUSE VOTES TO EXTEND NMTC, RETCS

Thur, 26 September 2008 12:40:00 -0700

The House today approved H.R. 7060, Renewable Energy and Job Creation Tax Act of 2008, by a vote of 226-166...

SENATE VOTES TO EXTEND NMTC, IRS PROPOSES TARGETED POP. RULE

Wed, 24 September 2008 10:40:00 -0700

The Senate yesterday approved by a vote of 93-2 a package of disaster relief measures and tax extenders including a one year extension of the new markets tax credit (NMTC)...

IRS PROPOSES RULE FOR TARGETED POPULATIONS

Tue, 23 September 2008 12:40:00 -0700

The Treasury Department and Internal Revenue Service (IRS) have released proposed regulations regarding targeted populations Section 45D(e)(2) of the Internal Revenue Code (IRC)...

SENATE MAY CONSIDER TWO-YEAR NMTC EXTENSION THIS WEEK

Wed, 17 September 2008 09:40:00 -0700

Senate Finance Committee Chairman Max Baucus, D-Mont., and Ranking Member Chuck Grassley, R-Iowa, yesterday announced an agreement with the Senate's Democratic and Republican leadership to move legislation...

TREASURY, IRS RELEASE 2008-2009 PRIORITY GUIDANCE PLAN

Thur, 11 September 2008 10:20:00 -0700

The Treasury Department and Internal Revenue Service (IRS) yesterday released the 2008-2009 Priority Guidance Plan, which contains 314 projects that are scheduled for completion from July 2008 through June 2009 ...

CDFI FUND UPDATES CIIS, INSTRUCTIONS FOR FYY 2008 REPORTS

Thur, 11 September 2008 09:20:00 -0700

A new version of the Community Investment Impact System (CIIS), called CIIS 6.0, was made available online last month ...

IRS ISSUES UPDATED NMTC REGULATIONS

Mon, 8 August 2008 11:38:26 -0700

The Internal Revenue Service today released proposed amendments to the new markets tax credit (NMTC) regulations ...

SENATE TO CONSIDER NMTC EXTENSION NEXT WEEK

Mon, 25 Jul 2008 11:38:26 -0700

Senate Finance Committee Chairman Max Baucus, D-Mont., yesterday introduced S. 3335, the Jobs, Energy, Families and Disaster Relief Act, a package of tax extenders that would extend the new markets tax credit (NMTC) for one year ...

CDFI FUND WEB SITE REPAIRED, CIIS REPORT DEADLINE EXTENDED

Mon, 27 June 2008 11:38:26 -0700

The Community Development Financial Institutions (CDFI) Fund web site, www.cdfifund.gov, has been repaired and access to myCDFIFund accounts has been restored ...

CDFI FUND WORKING TO RESTORE WEB SITE ACCESS

Mon, 26 June 2008 11:38:26 -0700

The Community Development Financial Institutions (CDFI) Fund web site, www.cdfifund.gov, is unavailable due to technical issues ...

NMTC APPLICANTS REMINDED OF QEI REPORTING DEADLINE

Mon, 10 June 2008 11:38:26 -0700

Applicants for new markets tax credits (NMTCs) in the 2008 application round are reminded that pursuant to Section III.A.2.(a) of the 2008 Notice of Allocation Availability (NOAA), a prior NMTC allocatee (or any affiliates thereof) must demonstrate to the Community Development Financial Institutions (CDFI) Fund that it has issued a certain percentage of its qualified equity investments (QEIs) or issued and received a certain percentage of cash and commitments by June 13, 2008 in order to be eligible for a 2008 NMTC allocation ...

CDFI FUND RELEASES INFORMATION ON NMTC PROJECTS FINANCED THROUGH 2006

Mon, 29 May 2008 11:38:26 -0700

Through the fiscal year 2006 reporting period, community development entities (CDEs) disbursed a total of $5,448,054,264 to 1,131 different qualified active low-income community businesses (QALICBs) under the new markets tax credit (NMTC) program, according to data released today by the Community Development Financial Institutions (CDFI) Fund ...