On July 29, 2013, the CDFI Fund issued a Notice of Allocation Availability for the combined 2013  and 2014 new markets tax credit (NMTC) allocation round.  The NOAA announced the availability of $8.5 billion of NMTC investment authority.  Of this amount, $3.5 billion had been authorized by the American Taxpayer Relief Act of 2012.  The remaining $5 billion was subject to congressional authorization that had not been obtained when the NOAA was released.  Congress has not yet acted to authorize the CDFI Fund’s allocation of additional NMTC investment authority.  On February 27, 2014, the CDFI Fund amended the June 2013 NOAA to apply only to a 2013 allocation round in which the CDFI Fund will award $3.5 billion of NMTC investment authority.  The amendment also states that the CDFI Fund expects that maximum allocation amount that will be awarded in the 2013 round will be $100 million, reducing its $125 million estimate for the combined 2013-2014 round in the July 2013 NOAA.