At the center of the NMTC program are Community Development Entities (CDEs). A CDE must be a domestic corporation, have a demonstrated mission of serving or providing capital to low-income communities or people, and maintain accountability to residents of low-income communities through representation on a governing or advisory board. They must also obtain and maintain CDE certification through the CDFI Fund at the Department of Treasury.
Most CDEs are affiliates of mission-driven organizations like CDFIs, for-profit entities, community development corporations, government entities, or banks. CDEs craft a high-impact business plan and apply to the CDFI Fund for NMTC allocation. If successful, they can begin to raise equity from investors and deploy it to projects.
CDE Directory
NMTC Application
Each year, applicants apply to the CDFI Fund for allocation. Applicants are primarily scored on (a) their track record of serving disadvantaged businesses and communities and (b) their plans for using an NMTC allocation to generate community impact in distressed areas.
CDE Directory - Projects by CDE
Akron, (2015)
- CDE(s): Capital Impact Partners | Chase
Portland, (2017)
- CDE(s): Advantage Capital
Van Wert, (2022)
- CDE(s): Finance Fund
Monroe, (2018)
- CDE(s): Dakotas America
Morganton, (2023)
- CDE(s): The Innovate Fund
National City, (2022)
- CDE(s): USBCDE
New York, (2011)
- CDE(s): Mid-City Community
Akron, (2023)
- CDE(s): Advantage Capital
Martinsville, (2021)
- CDE(s): The Valued Advisor Fund
Richmond, (2011)
- CDE(s): Bank of America
Monroe, (2014)
San Antonio, (2021)
- CDE(s): Advantage Capital
Caldwell, (2022)
- CDE(s): Mofi
Wilmington, (2010)
- CDE(s): Capital Impact Partners
New Bedford, (2004)
- CDE(s): MHIC
New Bedford, (2007)
- CDE(s): MassDevelopment
San Bernardino, (2015)
Vallejo, (2020)
- CDE(s): Community Vision
Loveland, (2018)
- CDE(s): Greenline Ventures
Colorado Springs, (2006)
- CDE(s): Charter Facilities Funding
Enfield, (2018)
- CDE(s): Greenline Ventures
Pueblo, (2021)
- CDE(s): Colorado Enterprise Fund
Vallejo, (2019)
- CDE(s): Enhanced Capital
Akron, (2022)
Shelley, (2014)
- CDE(s): Mofi
Boise, (2019)
- CDE(s): Northern CDE
South Gate, (2019)
- CDE(s): Advantage Capital
Grand Junction, (2021)
- CDE(s): Colorado Growth and Revitalization Fund | PNC
Mountain Home, (2023)
- CDE(s): Mofi
Ellenboro, (2014)
- CDE(s): Self-Help