CDFI Fund Provides Additional Guidance on the NMTC Application As you work on your NMTC application, please note that there have been some slight changes since the initial announcement earlier this month. Today, the CDFI Fund released supplemental guidance on the application, including additional information on their Q&A document. The new Q&A includes answers to several questions posed during the Fund's instructional webinars this month.
CDFI Fund News Release (see below) Updated Q&A
Please also note that last week, the Fund made some typo corrections to the tables in the application.
Updated application
Below, find the CDFI Fund's news release announcing changes to the Q&A: Update for CY 2014 NMTC Program Applicants The Community Development Financial Institutions Fund (CDFI Fund) has provided supplemental guidance to potential calendar year (CY) 2014 New Markets Tax Credit Program (NMTC Program) applicants by updating the CY 2014 NMTC Program - Application Questions & Answers document on its website. The supplemental guidance is the result of specific questions that the CDFI Fund received during the two application round conference calls hosted on August 12 and 14, 2014. Topics covered by the revised guidance include financing operating businesses, acceptable baselines of activities, innovative activities, and Promise Zones, among others. The updated document can be found on the CDFI Fund’s website at www.cdfifund.gov/nmtc. Additional questions may be directed to the CDFI Fund’s Help Desk at
[email protected] or (202) 653-0421, option 3. Please keep in mind that the deadline for any phone calls or emails to the CDFI Fund with questions concerning the application is 5:00 p.m. EDT on September 29, 2014.
