2017 Shows Continued High Demand for New Markets Tax Credits

The CDFI Fund received 230 applications in its 2017 round for the New Markets Tax Credit Program. Those applications represent $16.2 billion requested in allocation authority – more than four-and-a-half times greater than the $3.5 billion available.

Applicants this year are located in 42 states, the District of Columbia, Puerto Rico, and Guam.

The CDFI Fund’s website has further information on the NMTC Program.