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This document serves as the application for the New Markets Tax Credit (NMTC) Allocation for the years 2024-2025. It includes guidelines for eligible applicants, application submission details, and criteria for evaluation. The NMTC program aims to attract investment in low-income communities through tax incentives to increase economic growth and development.
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How to fill out 2024-2025 nmtc allocation application

01
Gather all necessary documentation, including financial statements and project details.
02
Review the application guidelines provided by the NMTC program.
03
Complete the application form, ensuring all sections are filled out accurately.
04
Provide detailed project descriptions, including community impact and financial projections.
05
Assemble supporting documents, such as letters of support and evidence of project readiness.
06
Review your application for completeness and accuracy.
07
Submit the application before the deadline along with any required fees.

Who needs 2024-2025 nmtc allocation application?

01
Organizations seeking to finance community development projects using the New Markets Tax Credit.
02
Companies looking for tax credits to support business efforts in low-income areas.
03
Investors interested in making an impact investment while receiving tax incentives.
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The NMTC allocation application is a form submitted by organizations seeking to obtain New Markets Tax Credit allocations from the Community Development Financial Institutions Fund.
Entities that wish to receive New Markets Tax Credit allocations, such as Community Development Entities (CDEs), are required to file the NMTC allocation application.
To fill out the NMTC allocation application, applicants must provide comprehensive information regarding their organization, business strategy, funds management, and the projects they intend to finance, following the guidelines set by the CDFI Fund.
The purpose of the NMTC allocation application is to assess and evaluate the eligibility and potential impact of the applicants' proposals for utilizing New Markets Tax Credits to spur economic growth in low-income communities.
The application must report information including the applicant's organizational structure, financial capacity, development strategy, target markets, and projected outcomes for community investment.
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New Markets Tax Credit NMTC Allocation CDFI Fund Community Development Financing Low-Income Communities Economic Development Tax Credits Investment Strategies Community Accountability Financial Assistance

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