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.Â
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)Â 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.Â
CDE Directory - Projects by CDE
Holland, (2023)
- CDE(s): Mascoma Community Development
Defiance, (2023)
Cincinnati, (2012)
- CDE(s): CEI Capital Management
Evanston, (2023)
- CDE(s): Mofi
Saint Paul, (2010)
- CDE(s): Capital City Properties | CRFUSA
Culpepper, (2013)
Mesquite, (2022)
- CDE(s): CEI Capital Management
Newberry, (2013)
Uniontown, (2021)
- CDE(s): WesBanco
Haverhill, (2007)
- CDE(s): MassDevelopment
New London, (2007)
- CDE(s): Sovereign CDC
Santa Ana, (2008)
- CDE(s): Clearinghouse CDFI
San Jose, (2021)
- CDE(s): Partners for the Common Good | USBCDE
San Jose, (2005)
- CDE(s): Capital Impact Partners
Beaver Dam, (2015)
- CDE(s): Forward Community Investments
Carrizo Springs, (2012)
- CDE(s): TransPecos Development Corp
El Paso, (2017)
- CDE(s): Northern CDE
El Paso, (2017)
- CDE(s): Texas Mezzanine Fund
Midland, (2016)
- CDE(s): MBS Urban Initiatives | USBCDE
Freeport, (2019)
- CDE(s): Midwest Renewable Capital
Rock Island, (2014)
- CDE(s): Business Valued Advisor Fund
Rockford, (2014)
- CDE(s): Business Valued Advisor Fund
Moline, (2007)
- CDE(s): IFF
Coralville, (2018)
- CDE(s): Iowa Community Development
Buckeye, (2019)
- CDE(s): Prestamos
Vancouver, ()
- CDE(s): Nonprofit Finance Fund
Sunland Park, ()
- CDE(s): New Mexico Finance Authority
Winston-Salem, ()
- CDE(s): CAHEC | CCG Community Partners | Truist
Mount Pleasant, ()
- CDE(s): Michigan Community Capital | PNC