• CDFI Fund Releases Allocation Agreement Template for Use by Recipients of Third Round NMTC Allocation
  • October 28, 2005 | Authors: Michael J. Goldman; Andrew S. Potts; Herbert F. Stevens
  • Law Firm: Nixon Peabody LLP - Washington Office
  • Earlier this week, the CDFI Fund released the template of the allocation agreement for use by recipients of third round new markets tax credit allocations. In general, the allocation agreement is the agreement between the CDFI Fund and the allocatee, binding the allocatee to, among other things, representations made in its allocation-winning application. The allocation agreement must be executed by both the allocatee and the CDFI Fund before the allocatee can sell the NMTCs to investors.