The Community Development Financial Institutions (CDFI) Fund has announced it will consider extending the October 31 qualified equity investment (QEI) issuance deadline for new markets tax credit (NMTC) applicants that have been directly affected by Hurricane Sandy. To be eligible for a QEI Issuance deadline extension, an applicant must demonstrate that it cannot register its QEIs by the October 31, 2012, deadline because:
- Its principal place of business is located in a county which the Federal Emergency Management Agency (FEMA) has designated as affected by a “major disaster” declared since Sunday, October 28, 2012; or
- Mitigating factors exist that are directly attributable to the disaster-related conditions in a county which FEMA has designated as affected by a “major disaster” declared since Sunday, October 28, 2012.
If you would like to request a QEI Issuance deadline extension, you must send your request via e-mail firstname.lastname@example.org with the subject line “Deadline Extension Request: 2012 NMTC QEI Issuance.”