The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced the release of the notice of allocation availability (NOAA) for the 2011 round of competition for $3.5 billion in tax credits under the New Markets Tax Credit (NMTC) Program. The CDFI Fund has also released a copy of the 2011 NMTC application and an application Q&A. Applications for the 2011 allocation round are due by July 27, 2011.

In addition, the CDFI Fund announced that it has recorded an application workshop that will be available for viewing on June 13 and will conduct two conference calls on June 15 and June 21 to answer applicant questions.

NH&RA will be covering the New Markets Tax Credit Program in detail at our 2011 Summer New Markets Tax Credit Symposium, scheduled July 20 in Martha’s Vineyard, prior to the start of the 2011 Summer Institute. Click here to register.