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December 2010 CDF provides $11.2 million in New Markets Tax Credits to Radio Flyer to help rehabilitate and reconfigure a 68,000 sq.....
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General Compliance Requirements
CDF requires applicants to:
- Assist with compliance and reporting over the seven-year NMTC compliance period (this includes providing CDF with basic information regarding employment levels and revenues at least once per year)
- Reimburse certain compliance and monitoring costs, which are estimated to be $10,000-$15,000 per year for each transaction.
- Guarantee that the project will remain in compliance with NMTC regulations for the seven-year compliance period.
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