The Community Development Financial Institutions (CDFI) Fund recently announced the opening of the 2012 New Markets Tax Credit (NMTC) allocation round; this is the tenth award round of the program. The CDFI Fund will make up to $5 billion in tax credits available, pending Congressional authorization. The community development entity certification application is due August 3, 2012 and the NMTC application deadline is September 12, 2012.
UPDATE:The CDFI Fund has announced that applications for the 2012 round of New Markets Tax Credit (NMTC) may also be submitted through the agency’s online application portal.
NH&RA covered the 2012 NMTC application round and tips for preparing an application at our recent Summer NMTC Symposium, which took place July 25, 2012 at the Harbor View Hotel in Martha’s Vineyard, MA.