Agency Information Collection Activities; Proposed Collection; Comment Request; New Markets Tax Credit Program Community Development Entity (CDE) Certification Application

Issuing agencies

Abstract

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), Department of the Treasury, is soliciting comments concerning the New Markets Tax Credit Program (NMTC Program) Community Development Entity (CDE) Certification Application, which Applicants will submit through the CDFI Fund's Awards Management Information System (AMIS).

Full Text

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<title>Federal Register, Volume 91 Issue 209 (Friday, October 30, 2026)</title>
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[Federal Register Volume 91, Number 209 (Friday, October 30, 2026)]
[Notices]
[Pages 68600-68601]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-22240]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund

[Docket No. CDFI-2026-0201]


Agency Information Collection Activities; Proposed Collection; 
Comment Request; New Markets Tax Credit Program Community Development 
Entity (CDE) Certification Application

ACTION: Notice of information collection; and request for public 
comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995. Currently, the Community 
Development Financial Institutions Fund (CDFI Fund), Department of the 
Treasury, is soliciting comments concerning the New Markets Tax Credit 
Program (NMTC Program) Community Development Entity (CDE) Certification 
Application, which Applicants will submit through the CDFI Fund's 
Awards Management Information System (AMIS).

DATES:  Written comments must be received on or before December 29, 
2026 to be assured of consideration.

ADDRESSES:  You may submit comments via the Federal eRulemaking Portal 
at <a href="http://www.regulations.gov">www.regulations.gov</a> Docket No. CDFI-2026-0201. Follow the 
instructions on the website for the submission of comments. In general, 
all comments will be available for inspection at <a href="http://www.regulations.gov">www.regulations.gov</a>. 
Comments, including attachments and other supporting materials, are 
part of the public record. Do not submit any information in your 
comments or supporting materials that you consider confidential or 
inappropriate for public disclosure.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Shannon McKay, Acting Program Manager for the 
Office of Certification Policy and Evaluation, CDFI Fund, U.S. 
Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 
20220 or by phone at (202) 653-0300. Other information regarding the 
CDFI Fund and its programs may be obtained through the CDFI Fund's 
website at <a href="http://www.cdfifund.gov">http://www.cdfifund.gov</a>.

SUPPLEMENTARY INFORMATION: 

[[Page 68601]]

    Title: New Markets Tax Credit Program Community Development Entity 
(CDE) Certification Application.
    OMB Control Number: 1559-0014.
    Abstract: Title I, subtitle C, section 121 of the Community Renewal 
Tax Relief Act of 2000 (the Act), as enacted in the Consolidated 
Appropriations Act, 2001 (Pub. L. 106-554, December 21, 2000), amended 
the Internal Revenue Code (IRC) by adding IRC 45D and created the NMTC 
Program. The Department of the Treasury, through the CDFI Fund, 
administers the NMTC Program, which provides an incentive to investors 
in the form of tax credits over seven years, expected to stimulate the 
provision of private investment capital that, in turn, will facilitate 
economic and community development in low-income communities. In order 
to qualify for an allocation of tax credits through the NMTC Program, 
an entity must be certified as a qualified CDE and submit an allocation 
application to the CDFI Fund. Nonprofit entities and for-profit 
entities may be certified as CDEs by the CDFI Fund. In order to be 
certified as a CDE, an entity must be a domestic corporation or 
partnership, that: (1) has a primary mission of serving or providing 
investment capital for low-income communities or low-income persons; 
and (2) maintains accountability to residents of low-income communities 
through their representation on any governing or advisory board of the 
entity.
    The CDE Certification Application is being updated to ensure that 
Applicants are meeting the statutory and regulatory disclosure 
requirements as well as protecting government resources in alignment 
with Administration priorities where appropriate. The specific changes 
include: (1) removal of references to ``Minority-Owned or Controlled'' 
in terms of Applicant's structure; (2) addition of a new subsection on 
``Affiliate Information'' to gather information about ownership, 
control, and foreign interests for affiliates; (3) addition of a new 
subsection on ``Government Investigations and Enforcement'' to gather 
more information on government investigations, enforcement actions and 
related matters; and (4) additional detailed language for federal anti-
discrimination, alignment with specific Executive Orders, and 
prevention of fraud, waste, and abuse.
    Current Actions: Revision of currently approved collection.
    Type of Review: Regular.
    Form: CDE Certification Application.
    Affected Public: CDEs and entities seeking CDE certification, 
including business or other for-profit institutions, nonprofit 
entities, and State, local and Tribal entities.
    Estimated Number of Respondents: 150.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 150.
    Estimated Annual Time per Respondent: 4 hours.
    Estimated Total Annual Burden Hours: 600 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record at <a href="http://www.cdfifund.gov">http://www.cdfifund.gov</a>. The CDFI Fund is seeking input on the content of the 
revised CDE Certification Application. The application and related 
guidance may be obtained on the CDFI Fund's website at <a href="https://www.cdfifund.gov/programs-training/certification/cde">https://www.cdfifund.gov/programs-training/certification/cde</a>. Comments are 
invited on: (a) Whether the collection of information is necessary for 
the proper performance of the functions of the CDFI Fund, including 
whether the information shall have practical utility; (b) the accuracy 
of the CDFI Fund's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
technology; and (e) the accuracy of the estimates of the burden of the 
information collections.

(Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26 CFR 1.45D-1.)

Christopher Miller,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2026-22240 Filed 10-29-26; 8:45 am]
BILLING CODE 4810-70-P


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