Post by bot on Oct 25, 2013 18:52:54 GMT -5
Call for Community and Economic Development Practitioners
The CDFI Fund is issuing a call for well-qualified personnel to serve as Application Reviewers and Alternates for the 2013-2014 round of the New Markets Tax Credit (NMTC Program).
For more information about this opportunity and to apply, please use the link below. The CDFI Fund has contracted with F2 Solutions to process Reviewer applications on a rolling basis.
www.applicationreview.net/cdfireviewers
General Candidate Qualifications and Responsibilities:
The CDFI Fund and F2 Solutions require Reviewers and Alternates to have considerable expertise in community and economic development finance. Specialized knowledge in commercial finance, including: operating business and real estate finance; financing of community-based organizations; pooling of community development loans for sale to secondary markets; and/or financial counseling, particularly for small businesses, or prior experience serving as an NMTC application reviewer.
Working independently and remotely, Reviewers provide critical first-stage evaluations of applications.
About the NMTC Program
The New Markets Tax Credit Program (NMTC Program) was established by Congress in December 2000 to help economically distressed communities attract private investment capital by providing investors with a Federal tax credit. Investments made through the NMTC Program are used to finance businesses and real estate projects to breathe new life into neglected, underserved low-income communities. The NMTC Program is aimed at offsetting the risk of investing in distressed and low-income communities. Since inception, NMTC Program investments have created an estimated 358,800 new jobs and supported the construction of 17.1 million feet of manufacturing space, 49.4 million square feet of office space, and 42.7 million square feet of retail space. As these communities develop, they become more attractive to investors, creating a ripple effect that spurs more investment.
Since the NMTC Program's inception, the CDFI Fund has made 749 awards allocating a total of $36.5 billion in tax credit authority to CDEs through a competitive application process. This $36.5 billion includes $3 billion in Recovery Act Awards and $1 billion of special allocation authority to be used for the recovery and redevelopment of the Gulf Opportunity Zone.
To learn more about the NMTC Program, please visit www.cdfifund.gov/nmtc.
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