On January 14, 2014, the CDFI Fund asked for comments on its NMTC allocation application.
The NMTC Coalition submitted comments to the Fund:
March 17, 2014
Mr. Robert Ibanez
NMTC Program Manager
Community Development Financial Institutions Fund
U.S. Department of Treasury
1500 Pennsylvania Avenue, NW Washington, DC 20220
Dear Mr. Ibanez:
I am writing on behalf of the New Markets Tax Credit Coalition (“the Coalition”) in response to the CDFI Fund’s January 14, 2014 request for comments on the New Markets Tax Credit (NMTC) application.
Formed in 1998, the Coalition is a national membership organization that advocates on behalf of the NMTC Program. The Coalition’s mission is to ensure that its members, including Community Development Entities (CDEs), investors, and other community development professionals, can effectively use the NMTC to encourage investment and advance economic revitalization efforts in low-income urban and rural communities across the country.
We appreciate the opportunity to comment on the NMTC application and specifically the questions and supporting documents provided as part of the 2013/2014 NMTC Allocation Application.