The CDFI Fund has opened the 2018 funding round for the New Market Tax Credit program.
The CDFI Fund recently released the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2018 round.
The CDFI Fund has made well over 1,000 awards—totaling over $50 billion in tax credit allocation authority—to CDEs through the NMTC Program since the program’s inception. More information about the NMTC Program can be found on the program’s webpage, www.cdfifund.gov/nmtc, or in the program’s fact sheet.
Important Deadlines
- CDE Certification Application: May 24, 2018
- NMTC Electronic Application submission: June 28, 2018
- Prior Allocatees’ Issuance of Qualified Equity Investments: September 24, 2018
How To Apply
The electronic application for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS)
Electronic application instructions, including how to navigate through AMIS, may be found on the NMTC Program webpage at www.cdfifund.gov/nmtc under How to Apply Step 2: Apply. In addition, the CDFI Fund has posted a pre-recorded webinar to demonstrate the electronic application submission in AMIS. The link to the pre-recorded AMIS webinar is also available on the NMTC Program webpage under How to Apply Step 2: Apply.
