Treasury's CDFI Fund published its Notice of Allocation Availability on Sept 15, 2026, making $5 billion in New Markets Tax Credit authority available for the CY2026 round, authorized under the One Big Beautiful Bill Act. Certified Community Development Entities apply by November 10, 2026; the credit equals 39% of the investment claimed over seven years and funds businesses in low-income communities.
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Treasury opens $5B New Markets Tax Credit CY2026 round, apps due Nov 10
Why this matters for founders
Startups located in or serving low-income census tracts can access below-market capital through a CDE that wins an allocation. Build the CDE relationship now, ahead of the Nov 10 application close.
Source: CDFI Fund (U.S. Treasury)
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