Step 2: The NMTC Application

Applying for CDE Certification
The NMTC Application

Allocation Application Overview

 

 

The New Markets Tax Credit application process is arduous and competitive; demand far outstrips supply. In 2010, for example, CDEs filed 250 applications requesting $23.5 billion in tax credits against a pool of $5 billion in credits available for allocation. Clearly, then, it is essential for CDEs to have a thorough understanding of the application process and the criteria on which the applications are scored and to commit the appropriate time and resources to preparing their application.

Eligibility

In order to be eligible to submit a NMTC Allocation Application, you must either be certified as a Community Development Entity (CDE) or have submitted an application for CDE certification to the CDFI Fund by a specified date…Download the PDF to learn more
 

Step 1: Applying for CDE Application

Step 3: The Allocation Agreement

Step 4: The Annual Audit

Step 5: Structuring Around State and Local Tax Issues

Step 6: NMTC Program Compliance