The Community Development Financial Institutions (CDFI) Fund, a division of the U.S. Department of the Treasury, collects data from Community Development Entities (CDEs) based on information submitted through the New Markets Tax Credit (NMTC) program. NMTC awards are allocated to CDEs investing in operating businesses and real estate projects located in Low-Income Communities (LICs). This dataset is an aggregated collection of these projects, including the number, project type, and dollar value of investments reported. Calculations were conducted by PolicyMap to create summary values based on geography and project type.
Total values were aggregated to state and ZIP code based on the address provided for the transaction. The CDFI Fund provides the 2020 census tract associated with each transaction. Dollar values for transactions in multiple tracts were averaged across all tracts associated with the project. The total number of transactions for census tracts in an area may not be equivalent to totals by state and ZIP code.
NMTC investments are also aggregated to CDEs using information on certified CDEs made available by the CDFI Fund. Only entities certified as CDEs may receive NMTC allocations. PolicyMap geocodes CDE locations from addresses available in the source data, with an 89.1% geocode rate. A current source-provided list of CDE locations is no longer available. PolicyMap continues to update this dataset as source information becomes available.