Which Community Development Entities Receive NMTC Funding?

Brief

Which Community Development Entities Receive NMTC Funding?

Abstract

Community Development Entities (CDEs) are intermediaries that receive NMTC allocation authority from the Community Development Financial Institutions Fund. CDEs use this authority to make loans or investments into businesses and nonprofits in “low-income communities.” In this brief, we explore the different types of CDEs, show how the distribution has changed over time, and discuss the relationship between CDE types and NMTC project types. We find that a majority of NMTC allocations have gone to Community Development Financial Institutions and mission lenders. The next largest categories are for-profit financial firms followed by government and quasigovernmental entities, for-profit nonfinancial institutions, and nonprofit nonfinancial institutions.

Cross-Center Initiative

Cross-Center Initiative: 
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