• $2.0 Billion in New Markets Tax Credit Authority Made Available by CDFI Fund
  • August 10, 2004 | Authors: Herbert F. Stevens; Andrew S. Potts
  • Law Firm: Nixon Peabody LLP - Washington Office
  • Yesterday the CDFI Fund announced the availability of $2.0 billion in New Markets Tax Credit authority. As in previous years, these credits will be awarded through a competitive application process administered by the CDFI Fund. This application process, which the CDFI Fund refers to as the "2005 Application," will be the third round of allocations under the NMTC program.