Congratulations to the 73 allocatees that received NMTC awards this round! A special congratulations to CapNexus sponsors Capital Impact Partners and Hope Enterprise Corporation, as well as to our very own Partners for the Common Good, and the twenty CDEs with registered CapNexus users who received allocations.
According to the CDFI Fund, the 73 CDEs receiving awards were selected from a pool of 230 applicants that requested an aggregate total of $16.2 billion in tax credit allocation authority. The award recipients are headquartered in 29 different states, Guam, and the District of Columbia. It is estimated that these award recipients will make more than $685 million in New Markets Tax Credit investments in non-metropolitan counties.
To find out more about the NMTC program and this year's allocatees, view the Program Award book here.
Remember to check back on CapNexus for weekly postings of NMTC opportunities!