As previously announced, the next round of the New Markets Tax Credit Program (NMTC Program) will make $10 billion in Allocation Authority available, and the round will span calendar years (CYs) 2024 and 2025. The CDFI Fund is tentatively planning to open the CY 2024-2025 NMTC Program Allocation Application round this fall. If you are considering applying for the upcoming CY 2024-2025 NMTC round, you may find the following information helpful.
Application Registration
Once the Notice of Allocation Availability (NOAA) is published and the CY 2024-2025 round opens, the first step potential Applicants must take is to complete and save the Application Registration section of the NMTC Allocation Application in the Awards Management Information System (AMIS)[i] by the Application Registration deadline. Potential applicants that do not complete and save the Application Registration by the Application Registration deadline will not be able to subsequently submit a CY 2024-2025 Allocation Application in AMIS. Please be sure to complete this important step.
To learn more about the program and eligibility requirements, click here.