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Housing credit qualified allocation plan 2021 to 2022 amended. This plan was adopted by the Colorado Housing and Finance Authority Board of Directors on November 19, 2020,November 18, 2021, and approved

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What is new markets tax credit?

The New Markets Tax Credit (NMTC) is a federal tax credit for investors who make qualified investments in designated Community Development Entities (CDEs) in low-income communities.

Who is required to file new markets tax credit?

CDEs that have received allocations of NMTC must file Form 8874 with the IRS.

How to fill out new markets tax credit?

To fill out the NMTC, CDEs must complete Form 8874 and submit it to the IRS along with any required supporting documentation.

What is the purpose of new markets tax credit?

The purpose of the NMTC is to incentivize private investment in low-income communities to stimulate economic growth and create jobs.

What information must be reported on new markets tax credit?

CDEs must report information about their qualified investments, low-income community projects, and compliance with NMTC requirements.

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