Brief Which Community Development Entities Receive NMTC Funding?
Brett Theodos, Christina Plerhoples Stacy, Daniel Teles, Christopher Davis, Prasanna Rajasekaran, Ananya Hariharan
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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.

Research Areas Neighborhoods, cities, and metros
Tags Federal urban policies Job opportunities Community and economic development
Policy Centers Metropolitan Housing and Communities Policy Center