The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2022 round of the New Markets Tax Credit (NMTC) Program. The CDFI Fund made minor revisions to the following CY 2022 round documents:

  • Revised QEI Issuance Requirements: Prior-year NMTC Allocatees will be subject to revised minimum thresholds for QEI issuance and closing of Qualified Low-Income Community Investment (QLICIs) with respect to their prior-year NMTC Allocations; and
  • CY 2022 NMTC Program Application FAQs updates: Please review the CY 2022 NMTC Program Application FAQs as several questions have been revised.

Important CY 2022 Deadlines

  • CDE Certification Application Submission Deadline: Dec. 2, 2022;
  • NMTC Application Registration in AMIS: Dec. 15, 2022;
  • NMTC Allocation Application Submission in AMIS: Jan. 26, 2022; and
  • QEI Issuance and QLICI Requirements: May 4, 2023.

The CDFI Fund will host a webinar to answer questions on December 1 at 3 p.m., join here with conference number: PWXW2958651 and passcode: 1226186.