2019 New Markets Tax Credit (NMTC) Public Data Release COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND
Principal Investigator(s): View help for Principal Investigator(s) Community Development Financial Institutions Fund
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Project Citation:
Community Development Financial Institutions Fund. 2019 New Markets Tax Credit (NMTC) Public Data Release COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-04-05. https://doi.org/10.3886/E225661V1
Project Description
Project Title:
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2019 New Markets Tax Credit (NMTC) Public Data Release COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND
Summary:
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New Markets Tax Credit (NMTC)
Public Data Release
FY 2003 to FY 2017 Summary Report
November 2019
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND www.cdfifund.go
• 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.
• 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.
• 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.
• All NMTC investments by Allocatees must meet statutory qualifications for their investors to be able to claim the tax credit.
• The vast majority of NMTC investments are made within statutorily defined “Low-Income Communities.”
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.
The data represented in this summary report and accompanying data file was submitted by Allocatees prior to September 30, 2018.
Data Dictionary in tab of excel spreadsheet
November 2019
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND www.cdfifund.go
• 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.
• 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.
• 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.
• All NMTC investments by Allocatees must meet statutory qualifications for their investors to be able to claim the tax credit.
• The vast majority of NMTC investments are made within statutorily defined “Low-Income Communities.”
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.
The data represented in this summary report and accompanying data file was submitted by Allocatees prior to September 30, 2018.
Data Dictionary in tab of excel spreadsheet
Transaction ID
Project ID
2010 Census Tract
Metro/Non-Metro, 2000/2010
Origination Year
Community Development Entity (CDE) Name
QLICI Amount
Project QLICI Amount
Estimated Total Project Cost
City
State
Zip Code
Purpose of Investment
QALICB Type
Multi-CDE
Multi-Tract QLICI
Funding Sources:
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Community Development Financial Institutions Fund
Original Distribution URL:
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https://www.cdfifund.gov/sites/cdfi/files/documents/2019-nmtc-public-data-release_fy_17.xlsx
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