2019 New Markets Tax Credit (NMTC) Public Data Release COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND

New Markets Tax Credit (NMTC)
Public Data Release
FY 2003 to FY 2017 Summary Report
<br> November 2019
<br> COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND
www.cdfifund.go<br><br>• The New Markets Tax Credit Program (NMTC Program) permits investors to receive a credit against Federal income
taxes for making qualified equity investments (QEIs) in designated Community Development Entities (CDEs).
Substantially all of the QEIs must in turn be used by those awarded NMTC allocations (Allocatees) to provide
investments in low-income communities. The credit provided to the investor totals 39% of the cost of the investment and
is claimed over a seven-year credit allowance period.
<br><br> • The CDFI Fund requires all Allocatees that have been awarded NMTC allocations to submit an annual report detailing
how they invested QEI proceeds in low-income communities. <br><br> • These reports must be submitted to the CDFI Fund by the Allocatees, along with their audited financial statements,
within six months after the end of their fiscal year.
<br><br> • All NMTC investments by Allocatees must meet statutory qualifications for their investors to be able to claim the tax
credit. <br><br> • The vast majority of NMTC investments are made within statutorily defined “Low-Income Communities.” <br><br>  In addition to making investments located in Low-Income Communities, Allocatees can rely on other statutory
provisions designed to target certain areas or populations, including provisions for Rural Counties, and Low
Income Targeted Populations.
<br><br> The data represented in this summary report and accompanying data file was submitted by Allocatees prior to
September 30, 2018. <br><br>Data Dictionary in tab of excel spreadsheet<br>Transaction IDProject ID2010 Census TractMetro/Non-Metro, 2000/2010Origination YearCommunity Development Entity (CDE) NameQLICI AmountProject QLICI AmountEstimated Total Project CostCityStateZip CodePurpose of InvestmentQALICB TypeMulti-CDEMulti-Tract QLICI<br>