City of Dallas New Markets Tax Credits Eligibility

The City of Dallas Office of Economic Development, through its Community Development Entity (CDE) Dallas Development Fund (DDF), administers allocations of New Markets Tax Credits (NMTC) from the US Department of the Treasury. Created in 2009 by the Dallas City Council, DDF is a non-profit organization affiliated with the Office of Economic Development that uses NMTC to provide equity funding for real estate, corporate expansion, and social service projects in traditionally under-served communities. To date, DDF has received five allocations, in the calendar year cycles for 2009, 2012, 2014 and 2017 and 2021 for a total of $240 million. DDF's most recent allocation award is for $55 million, and DDF is now reviewing projects for that allocation.