The New Markets Tax Credit Program awards NMTC allocation authority through an annual competitive application.
Applications must be made by a Community Development Entity (CDE). All types of organizations, including not for profit organizations, government entities and for profit organizations, may create a CDE through which to apply for an NMTC Allocation. The process is not competitive, and the application is open year round.
Once a year the CDFI Fund opens the allocation round through a Notice of Allocation Authority in the Federal Register, together with providing access through the Fund’s website, to its online NMTC application.
Questions about the allocation process? Contact the CDFI Fund Help Desk.