The Community Development Financial Institution (CDFI) Fund recently posted a Q&A document that provides guidance on how Community Development Entities may serve certain low-income communities and targeted populations under the New Markets Tax Credit (NMTC) program. The document covers questions related to the definition of targeted populations, pre-approval, qualifying census tracts, applicable measures of income, and more.
In addition, the CDFI Fund also released the 2010 American Community Survey (ACS) estimates on statewide median family income by family size.
Click here to view the CDFI Fund’s most recent Q&A document.
Click here to view the ACS median family income estimates.