The Community Development Financial Institutions (CDFI) Fund recently announced a new community development entity (CDE) application period for New Markets Tax Credit (NMTC) allocations. While this program has historically awarded $5 billion, this year, it is providing the single-largest award in the program’s history, $10 billion. In this video, Michael Roney discusses how this double round will enhance opportunities for more to take advantage of the benefits of the NMTC Program.
Navigate the New Markets Tax Credit (NMTC) Program with confidence.
NMTC funding requires a detailed transaction model, which often causes delays from time-consuming manual data entry and inefficient spreadsheets. TaxCred PRO® for New Markets Tax Credit is our innovative platform that simplifies this process by generating real-time NMTC models. TaxCred PRO allows our professionals to quickly produce and update a draft, helping you save time and reduce fees.
Our experienced team also can support you with other aspects of the NMTC Program. Whether you’re seeking to understand the program or need sourcing and closing funding, we can help.