CDFI Fund Opens 2011: New Markets Tax Credit Funding Round

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Tax Credit Advisor, July 2011: The Community Development Financial Institutions (CDFI) Fund has opened the ninth funding round under the federal new markets tax credit (NMTC) program and is soliciting applications from community development entities (CDEs) by July 27 for $3.5 billion in NMTC allocation authority.

The CDFI Fund published the official Notice of Allocation Availability (NOAA) for the round on June 6, and posted a range of materials on its Web site (http://www.cdfifund.gov), including the notice, a paper version of the application form (applications must be submitted online), and a question-and-answer document. Read More…