For more information on CDE Certification, please see our CDE Certification page CDE Certification is intended for community development financing intermediaries. These new guidelines are up on PolicyMap. The CDFI Fund's vision is an America in which all people have access to affordable credit, capital, and financial services. Even if your “Qualified” project does not meet "Severely Distressed" criteria, it may still meet “Severely Distressed” eligibility. CohnReznick has launched an updated interactive mapping tool designed to assist New Markets Tax Credit and Opportunity Zone Investment stakeholders. The complete NOAA can be found here. Either census database may be used to evaluate eligibility through a transition period ending October 31, 2018*. Introduction to the NMTC Program presentation. non-metropolitan counties), as defined pursuant to 44 U.S.C. CDFI Fund Releases Application Demand for 2020 Round of NMTC Program

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 208 applications under the 2020 round of the New Markets Tax Credit Program (NMTC … The credit totals 39 percent of the original investment amount and is claimed over a period of seven years. Historically, low-income communities experience a lack of investment, as evidenced by vacant commercial properties, outdated manufacturing facilities, and inadequate access to education and healthcare service providers. The CDFI … Up to $5 billion in tax credit allocation authority is available in the 2020 round, a more than 40 percent increase over last year. Enter an address or US census tract number for your project to see if it meets the NMTC Program criteria and what is Opportunity Zone designation is. Year 2 “CohnReznick” refers to CohnReznick LLP or any of its subsidiaries or affiliates. These updates do not impact any of the pre-existing NMTC eligibility data for the 50 states, Puerto Rico, or the District of Columbia. The NMTC / OZ Interactive Map and its results are provided to you by CohnReznick for informational purposes only and you use it at your own risk. The CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2020 Calendar Year (CY) round of the New Markets Tax Credit (NMTC) Program. Nexia International Limited does not deliver services in its own name or otherwise. Tax Credit Amount . Use the CDFI Fund's Searchable Award Database to find organizations that have received awards from the CDFI Fund's various award programs, including the Bank Enterprise Award, Capital Magnet Fund, CDFI Bond Guarantee Program, CDFI Program, FEC Pilot Program, Native Initiatives, and New Markets Tax Credit Program. The CDFI Fund’s Awards Management Information System (AMIS) is an enterprise-wide business system, built on a commercial off-the-shelf product called Salesforce that has been customized to meet the CDFI Fund’s specific needs. The CDFI … As of the end of FY 2016, the NMTC Program has: Download NMTC Program Fact Sheet (English) ›Download NMTC Program Fact Sheet (Español) › The validity of this data cannot be assured and should be verified with the CDFI Fund. We encourage the CDFI Fund to be flexible while working with community development entities (CDEs) regarding rural targeting goals, and recommend the CDFI Fund review its current mapping system to ensure accuracy in rural areas. Today, the CDFI Fund opened the 2020 NMTC allocation round. Businesses seeking NMTC-enhanced financing should not apply for CDE Certification, but should instead contact CDEs directly. Your project may be eligible for the Program based on its location in a qualified census tract. (The NMTC Program has its own lexicon of acronyms; a QLICI is a Qualified Low-Income Community Investment.) The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.