CDFI Fund Invites Comments on New Markets Application

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Tax Credit Advisor, September 2009: The Community Development Financial Institutions (CDFI) Fund is soliciting comments by 10/2/09 on the current application form used by community development entities to apply for allocations of new markets tax credit (NMTC) authority. A Federal Register notice indicates that the request is in preparation for an FY 2010 allocation round for the program.

The notice asks for responses to numerous specific questions about the NMTC application, the application review process, about award caps, about minimum threshold requirements, and other areas.

(http://edocket.access.gpo.gov/2009/E9-18525.htm)