Comment Request: New Markets Tax Credit (NMTC) Allocation And Qualified Equity Investment (QEI) Tracking System
January 26, 2023
The African American Alliance of CDFI CEOs (the Alliance) is pleased to provide the following in response to the CDFI Fund request for comments regarding the New Markets Tax Credit (NMTC Program) Allocation and Qualified Equity Investment and Tracking System (AQEI). The Alliance is a membership-driven intermediary organization that aims to: build the capacity of member organizations; build bridges to economic stability, well- being, and wealth for Black individuals, families, and communities; and build power in Black communities by challenging and influencing financial sectors to operate more equitably. Since launching in 2018, the Alliance has established a network of 72 CEOs of Black-led Community Development Financial Institutions (CDFIs), which includes loan funds, credit unions, and venture capital funds. Alliance members reach historically underserved communities in all 50 states by providing financial services in the small business, affordable housing, and commercial real estate development sectors.
