CDFI Publish Date

The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for New Markets Tax Credit Program (NMTC Program) compliance on its website.

Earlier this month, the Office of Management and Budget (OMB) provided notice in the Federal Register that it was soliciting a final round of comments to the revised Community Development Financial Institution (CDFI) Certification Application. Comments must be submitted by December 5, 2022.

The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the New Markets Tax Credit Program (NMTC Program) Allocation and Qualified Equity Investment Tracking System (AQEI).

$5 Billion in Allocation Authority Available

In October, the Community Development Financial Institutions Fund (CDFI Fund) provided a preview of the revisions to the new CDFI Certification Application. The CDFI Fund published the preview in advance of the Office of Management and Budget (OMB) releasing the updated application for a final round of public comment. 

Awards will Spur Investment and Economic Growth in Urban and Rural Communities Nationwide

The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning pre-approved Target Market assessment methodologies related to the Community Development Financial Institution (CDFI) Certification process.

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on all New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2020.

Release is in Advance of Further Request for Comments coming from OMB

In May 2020, the Community Development Financial Institutions Fund (CDFI Fund) requested public comment on the application and reporting requirements for Certified Community Development Financial Institutions (CDFIs).

Announcement Marks Largest Bond Issuance in Program’s History