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During the transition phase from the 2000 census data to the 2010 census data, the CDFI Fund will allow current NMTC recipients to use either data set to qualify QLICIs closed between May 1, 2012, and June 30, 2013.
CDEs that receive allocation authority under the 2012 allocation round are required to use the 2006-2010 ACS data to qualify QLICIs. On July 13, 2012, the CDFI Fund formally announced the opening of the 2012 application round.
* Substantially all of the cash is used by the QCDE to make qualified low-income community investments (QLICIs); and
45D(b) to invest substantially all of the cash they receive in QLICIs. Regs.
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