TREAS: Community Development Financial Institutions Fund
Source
Federal Register
Link
Date
Nov 21, 2024
Summary
Notice from the U.S. Treasury Department of funding allocations made through the Community Development Financial Institutions Fund (CDFI Fund), New Markets Tax Credit (NMTC) Program for calendar years 2024-25. This program allows community development entities (CDEs) to offer a tax credit incentive to investors to stimulate private investment capital for economic and community development in low-income communities. Provides details about changes to the previous allocation round, as well program eligibility details. Applicants are required to complete the Application Registration section of the NMTC Allocation Application by December 5, 2024 in order to be able to submit the remaining application sections by January 29, 2025.
Tagged as
Community and economic development · Funding · Poverty