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This document outlines the terms and conditions of the Allocation Agreement for the New Markets Tax Credit Program between the CDFI Fund and an Allocatee. It serves as a draft for illustrative purposes.
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How to fill out Allocation Agreement for the New Markets Tax Credit Program

01
Start by downloading the Allocation Agreement form from the official New Markets Tax Credit Program website.
02
Read through the instructions provided with the document to understand the requirements.
03
Fill out the basic information section, including your organization's name, address, and contact details.
04
Provide a detailed description of the proposed project, including the location and community impact.
05
Outline the financing structure of the project, including any additional funding sources and expected returns.
06
Include information about your organizational structure, governance, and the management team.
07
Review the eligibility criteria for the New Markets Tax Credit and ensure that your organization meets them.
08
Gather necessary documentation to support your application, such as financial statements and market analysis.
09
Sign the Allocation Agreement and any required certifications.
10
Submit the completed Agreement along with all supporting documents by the specified deadline.

Who needs Allocation Agreement for the New Markets Tax Credit Program?

01
Organizations seeking to utilize the New Markets Tax Credit to finance eligible projects.
02
Community development entities that intend to invest in low-income areas.
03
Investors looking to leverage tax credits as part of their investment in qualifying projects.
04
Nonprofits and for-profit organizations that aim to enhance economic development in underserved communities.
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The Allocation Agreement for the New Markets Tax Credit Program is a legal document between the U.S. Department of the Treasury and allocatees that outlines the terms and conditions under which the allocatees can receive tax credit allocation.
Entities that have been awarded New Markets Tax Credit allocations, referred to as allocatees, are required to file the Allocation Agreement.
To fill out the Allocation Agreement, complete the required sections accurately, providing information on the allocatee's business, tax credit allocations, and compliance with program requirements, following the instructions provided by the Treasury.
The purpose of the Allocation Agreement is to ensure that the allocatee understands the responsibilities attached to the use of the tax credits and to confirm the allocation of credits for eligible projects.
The Allocation Agreement must report information such as the allocatee's legal name, contact information, the amount of tax credits allocated, project details, and compliance with Treasury regulations.
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