CDFI Fund

General News

CDFI Fund Releases Draft 2016 Allocation Agreement Closing Document

NH&RA’s New Markets Tax Credit Council will be hosting a call in the near future to discuss these changes and looks forward to your contributions towards a comment letter. Read on for a summary of changes.

Member News

CDFI Fund Awards $185.7M, 10 NH&RA Members Awarded

The FY 2016 round moves the CDFI Fund past the $2B mark in investments to CDFIs and Native CDFIs through the CDFI and NACA Programs.

NH&RA News

NMTC Data Released: Commercial Real Estate and Higher Distress Areas Dominate

The data covers 4,541 total Qualified Active Low-Income Community Businesses and almost $38.5B in NMTC investments.

General News

CDFI Fund Combines CY 2015 and 2016 Rounds of New Markets Tax Credit Program

By combining the CY 2015 and CY 2016 allocation rounds, the CDFI Fund will be able to announce the allocation of New Markets Tax Credits in the year for which they are authorized, and will be able to help more communities access the benefits of the tax credits sooner.

General News

FY-2016 Funding Round Opens for Capital Magnet Fund

CDFIs and qualified non-profits can use Capital Magnet Fund awards to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees.

General News

CDFI Fund Opens 2016 Funding Round for Capital Magnet Fund

Funds are available to CDFIs and qualified non-profit organizations. Capital Magnet Fund awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees. Applications are due March 16.

General News

CDEs Request $17.6B in NMTC Allocations in 2015 Round

The CDFI Fund received 238 applications for New Markets Tax Credit allocations from 43 states, the District of Columbia, Puerto Rico, and Guam. The CDEs requested more than 5 times the available authority of $3.5 billion.

NH&RA News

CDFI Fund Updates NMTC Certification, Compliance, Monitoring FAQs

The revised answers to NMTC frequently asked questions add, revise, and update earlier versions from December 2014 and October 2015.

General News

2015 NMTC Program Electronic Application Now Available

Community Development Entities interested in applying for New Markets Tax Credit allocation authority under the 2015 round have until 5:00 pm EST, on December 16, 2015 to submit their application.

General News

CDFI Fund Releases NMTC Eligibility Data for 2010 Census Tracts in Island Areas

The Community Development Financial Institutions Fund (CDFI Fund) has released New Markets Tax Credit Program (NMTC Program) eligibility data for 2010 census tracts in the Island Areas of the United States (American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands).

NH&RA News

CDFI Fund Awards $3.5 Billion in New Markets Tax Credit Awards

The CDFI Fund announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. Thirteen NH&RA members were among the 76 organizations across the country that will receive tax credit allocation authority under the 2014 round of the New Markets Tax Credit Program.

NH&RA News

CDFI Fund Announces Transition to New Awards Management Information System

The Community Development Financial Institutions Fund will implement a new enterprise-wide Awards Management Information System (AMIS). Beginning August 2015 through the fall of 2016, the CDFI Fund will transition from using the myCDFIFund Portal to using AMIS to track organization and application information.

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