NMTC Allocations: A Review of Three Funding Rounds

The CDFI Fund recently announced the Calendar Year (CY) 2023 New Markets Tax Credit (NMTC) allocations and awarded $5B in allocations to 104 Community Development Entities (CDEs). Through the NMTC program, the CDFI Fund provides tax credit authority to CDEs, which serve as financial intermediaries to place investments into businesses that meet NMTC program requirements in low-income communities.

Fund CI reviewed data on the past three funding rounds to better understand the geographic distribution of allocations as well as identify trends in successful applicants. Read the full report here.