Location Verification: Map the project location to verify that it is in a qualifying census tract.
Metrics Check: Check specific metrics for the location, such as poverty rate, median family income, and whether the area is metropolitan or non-metropolitan.
Eligible Expenditures: Verify that the project involves NMTC-eligible expenditures.
Market the Project: Present the project to the CDE and complete the necessary applications.
CDE Review: The CDE reviews projects based on criteria such as community impact and the potential effect of the funds on the project.
Approval and Closing: If approved for allocation, a specialized NMTC closing process begins.
Compliance: After closing, recipients of NMTC funds must submit financial statements and reports to prove the project is helping the community as planned.