On November 17, 2016, the US Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced the largest single round award of New Market Tax Credit (NMTC) allocations since the program’s creation in 2001. One hundred and twenty organizations, headquartered in 36 states, the District of Columbia and Puerto Rico, were awarded a total of $7 billion of NMTC allocations.
CDFI Fund Announces $7 Billion Allocation of New Markets Tax Credits
By K. Christy Vouri-Misso and McDermott Will & Emery on November 29, 2016
Posted In Project Development and Finance, Renewables, Tax