Update for CY 2014 New Markets Tax Credit Program Applicants


WASHINGTON, D.C. – August 29, 2014 – (RealEstateRama) — 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 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.

For more information about the CDFI Fund and its programs, please visit www.cdfifund.gov.

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