Making the Case: CDEs Developing Standards, Best Practices for NMTC Community Impact Analysis
By Caitlin Jones
1 min read
Tax Credit Advisor, March 2011: An ad hoc group of community development entities (CDEs) is developing recommended standards and best practices for community impact analysis for real estate, community facility, and business projects financed by or seeking federal new markets tax credits.
The aim is more uniformity in the content of such studies, greater accuracy, to aid CDEs in reporting to the Community Development Financial Institutions (CDFI) Fund, and to bolster the ability of advocates to justify the program’s existence – and argue for making the NMTC program permanent – before Congress and the Obama Administration.
