PDC is the "Controlling Entity"* of PNMF and so determines which projects receive consideration for a portion of its New Markets Tax Credits. Once a project has been selected by PDC, Portland New Markets Fund will determine the financing structure that is most suitable to complete the transaction.

In order to be considered for New Markets Tax Credits funding through the Portland New Markets Fund, a qualified Portland business project must go through PDC's standard NMTC selection process as outlined in the NMTC Collaboration Agreement, approved in April, 2005. Please contact the Portland Development Commission for more information on the selection process.



*For further discussion of the definition of a "Controlling Entity", please review the Community Development Financial Institutions Fund's information on the New Markets Tax Credits allocation agreement, especially questions 25-29, or contact the CDFI Fund directly at www.cdfifund.gov.