New Markets Tax Credit (NMTC) Program Allocation and Qualified Equity Tracking (AQEI) System

The New Markets Tax Credit Program (NMTC Program) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). Via a competitive process, the Community Development Financial Institutions Fund (CDFI Fund) awards NMTC allocation awards to select CDEs, based upon information submitted in their NMTC Allocation Application. Entities receiving a NMTC allocation must enter into an allocation agreement with the CDFI Fund. The allocation agreement contains the terms and conditions, including all reporting requirements, associated with the receipt of a NMTC allocation. The CDFI Fund required each Allocatee to use an electronic data collection and submission system, known as the Allocation Tracking System (ATS), to report on the information related to its receipt of a Qualified Equity Investment (QEI). As of May 2018, the ATS function was renamed as the NMTC Allocation and Qualified Equity Investment Tracking System (AQEI) and moved to the CDFI Fund’s Awards Management Information System (AMIS), a business system that supports all CDFI Fund programs through each phase of the programs’ life cycle.

The latest form for New Markets Tax Credit (NMTC) Program Allocation and Qualified Equity Tracking (AQEI) System expires 2023-04-30 and can be found here.

Private Sector: New Markets Tax Credit (NMTC) Program Allocation and Qualified Equity Tracking (AQEI) System

Federal Enterprise Architecture: Economic Development - Business and Industry Development