The electronic application for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS).
The CDFI Fund published the Notice of Allocation Availability (NOAA) for the CY 2018 round in the Federal Register on May 11, 2018. Community Development Entities (CDE) interested in applying for New Markets Tax Credit allocation authority under the CY 2018 round have until 5:00 pm Eastern Daylight Time (EDT), on June 28, 2018, to submit their electronic application through AMIS.
Electronic application instructions, including how to navigate through AMIS, may be found on the NMTC Program webpage at www.cdfifund.gov/nmtc under How to Apply Step 2: Apply. In addition, the CDFI Fund anticipates posting a pre-recorded webinar by May 24, 2018 to demonstrate the electronic application submission in AMIS. Links to the pre-recorded AMIS webinar will also be available on the NMTC Program webpage under How to Apply Step 2: Apply.
All applicants should closely review instructions, application materials and application timelines. The CDFI Fund strongly recommends that applicants give themselves adequate time to submit their applications through AMIS. Only electronic applications submitted through AMIS will be considered.
Reminder about Important Deadlines
Per the CY 2018 NOAA, the deadlines for the NMTC Program are as follows:
- Submission of CDE Certification Application: May 24, 2018
- Online Submission of Electronic Allocation Application: June 28, 2018
- Online Submission of Electronic Allocation Application Attachments: June 28, 2018
- Date by which prior Allocatees record QEIs in CDFI Fund Systems: September 24, 2018
Application Materials
All application materials, including frequently asked questions and application presentations, may be found on the NMTC Program webpage at www.cdfifund.gov/nmtc under How to Apply Step 2: Apply.
Questions
Applicants should be aware that the CDFI Fund will not respond to questions about the electronic application after 5:00 p.m. EDT on June 26, 2018. If you have questions, please contact the CDFI Fund through the Service Request feature in AMIS or by reaching out to our Help Desk at (202) 653-0421 or cdfihelp@cdfi.treas.gov.