Changes to the 2018 NMTC Application

Changes to the 2018 NMTC Application

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On Wednesday, the CDFI Fund opened the Calendar Year 2018 Round New Markets Tax Credit application. There are some significant differences between the 2017 and 2018 application. The Coalition compared the text of two applications and created a red-lined Word Document for your reference. If you are a member of the Coalition, you should have received it in a Policy Bulletin yesterday. If not, shoot us an email and we'll get it to you. Below are some of the most significant changes in the application organized by section. Executive Summary/Intro/Assurances: Assurances and Certifications: The applicant has 1,000 characters to explain why they checked a "false" box on any of the assurances and certifications. Part I: Business Strategy Projected Business Activities: Much of the project pipeline narrative moves into Table A5.…
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