The Community Development Financial Institutions (CDFI) Fund announced that it received a total of 314 applications under the 2011 round of the New Markets Tax Credit (NMTC) program, the largest number of NMTC applications received since 2002 and an increase of 26 percent over the number of applications received in last year’s competition. Applicants requested nearly $27 billion in NMTC allocation authority; a total of $3.5 billion of allocation authority is available this round. The CDFI Fund anticipates announcing the NMTC allocations in early 2012. Read More…