The Community Development Financial Institutions (CDFI) Fund released an updated frequently asked questions (FAQ) document concerning compliance for the New Markets Tax Credit (NMTC) incentive. The updates include an outline of the CDFI Fund’s transition to 2016-2020 American Community Survey (ACS) data to define low-income communities, an update to the national unemployment rates that are in effect, guidance for new food deserts data and more. The update supersedes the December 2022 FAQs.
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