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
- Abingdon,
- VA
- (2024)
- CDE(s): Dudley Ventures, Innovate Fund
- Charleston,
- WV
- (2023)
- CDE(s): WesBanco
- Shelbyville,
- TN
- (2024)
- CDE(s): Heartland Renaissance Fund, Innovate Fund, Pathway Lending, Truist
- Pharr,
- TX
- (2024)
- CDE(s): Texas LIC Development Company, TransPecos Development Corp
- Memphis,
- TN
- (2020)
- CDE(s): Nonprofit Finance Fund
- Greenville,
- SC
- (2024)
- CDE(s): Innovate Fund, South Carolina Community Loan Fund, TD Community Development Corporation
- Santee,
- SC
- (2024)
- CDE(s): CEI Capital Management, Hampton Roads Ventures, Innovate Fund, Mascoma Community Development, Truist
- Allentown,
- PA
- (2024)
- CDE(s): Building America CDE
- Toledo,
- OH
- (2024)
- CDE(s): Building America CDE, IFF
- Newark,
- NJ
- (2023)
- CDE(s): National Community Investment Fund
- Trenton,
- NJ
- (2023)
- CDE(s): New Jersey Community Loan Fund
- Picayune,
- MS
- (2023)
- CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund
- Kansas City,
- MO
- (2023)
- CDE(s): Central Bank of Kansas City
- Minneapolis,
- MN
- (2024)
- CDE(s): Mid-City Community CDE, Midwest Minnesota CDC, University Financial Corp.
- Minneapolis,
- MN
- (2024)
- CDE(s): CRFUSA, University Financial Corp., USBCDE
- Baltimore,
- MD
- (2024)
- CDE(s): Community Housing Capital
- DeRidder,
- LA
- (2024)
- CDE(s): AMCREF, CCG Community Partners, Community Hospitality Healthcare Services, River Gorge Capital
- New Orleans,
- LA
- (2024)
- CDE(s): Capital One, River Gorge Capital
- South Bend,
- IN
- (2022)
- CDE(s): New Market Opportunity Fund
- Kamuela,
- HI
- (2024)
- CDE(s): Ecotrust, Punawai 'O Pu'uhonua
- Moline,
- IL
- (2024)
- CDE(s): Central Bank of Kansas City, FirstPathway Community Development
- Atlanta,
- GA
- (2024)
- CDE(s): Atlanta Emerging Markets, Dudley Ventures, Truist
- Ellabell,
- GA
- (2024)
- CDE(s): National New Markets Fund, TD Community Development Corporation
- Okeechobee,
- FL
- (2022)
- CDE(s): Five Points Capital, Native American Bank
- Blountstown,
- FL
- (2024)
- CDE(s): CCG Community Partners, Dudley Ventures, TruFund
- Oakland,
- CA
- (2024)
- CDE(s): Capital Impact Partners, Community Hospitality Healthcare Services
- Imperial,
- CA
- (2023)
- CDE(s): Clearinghouse CDFI, Enterprise Community Partners, Urban Research Park CDE, USBCDE
- Los Angeles,
- CA
- (2024)
- CDE(s): Grow America, Prestamos CDFI
- Hanford and Fresno,
- CA
- (2024)
- CDE(s): Housing Partnership Network
- Indio,
- CA
- (2024)
- CDE(s): Border Communities Capital Company, California Statewide Communities Development Corporation, Clearinghouse CDFI, Prestamos CDFI, Self-Help, TELACU, USBCDE