CDFI Fund: New Market Tax Credit Electronic Program Applicable Now Available

The electronic application for the 2015 round of the New Markets Tax Credit Program (NMTC Program) is available for applicants through their Awards Management Information System (AMIS) accounts.

The Community Development Financial Institutions Fund (CDFI Fund) published the Notice of Allocation Availability for the 2015 round in the Federal Register on October 21, 2015. Community Development Entities (CDE) interested in applying for New Markets Tax Credit allocation authority under the 2015 round have until 5:00 pm Eastern Standard Time (EST), on December 16, 2015 to submit their application.

Application instructions, including navigating through AMIS, may be found on the NMTC Program website, www.cdfifund.gov/nmtc.  The CDFI Fund strongly recommends that the instructions and application timelines are reviewed closely by both first-time and repeat applicants and that applicants give themselves adequate time to submit their applications using the new system. Only electronic applications submitted through the CDFI Fund’s online portal will be considered.

Reminder about Key Deadlines

Per the 2015 Notice of Allocation Availability, the deadlines for the NMTC Program are as follows:

  • Online Submission of Allocation Application: December 16, 2015
  • Online Submission of Allocation Application Attachments: December 18, 2015
  • Date by which prior-year Allocatees must issue the requisite percentage of QEIs: January 29, 2016

Questions

Applicants should be aware that the CDFI Fund will stop responding to questions about the electronic application at 5:00 p.m. EST on December 14, 2015. 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.

All application materials, including frequently asked questions and application presentations, are available at www.cdfifund.gov/nmtc.