Funding Opportunity; Notice of Allocation Availability Inviting Applications for the Calendar Years 2026 Allocation Round of the New Markets Tax Credit Program — Federal Register 2026-18883

Abstract

This NOAA is issued in connection with the CY 2026 allocation round (Allocation Round) of the New Markets Tax Credit Program (NMTC Program), as authorized by Title I, subtitle C, section 121 of the Community Renewal Tax Relief Act of 2000 (P.L. 106-554) as amended. Through the NMTC Program, the Community Development Financial Institutions Fund (CDFI Fund) provides authority to certified CDEs to offer an incentive to investors in the form of tax credits over seven years, which is expected to stimulate the provision of private investment capital that, in turn, will facilitate economic and community development in Low-Income Communities. Through this NOAA, the CDFI Fund announces the availability of $5 billion of NMTC Allocation authority in this Allocation Round. In this NOAA, the CDFI Fund specifically addresses how a CDE may apply to receive an allocation of NMTCs, the competitive procedure through which NMTC Allocations will be made and the actions that will be taken to ensure that proper allocations are made to appropriate entities.

Action & Dates

Dates: In its sole discretion, the CDFI Fund may deem the Applicant's Application ineligible if the CDFI Fund determines that the Applicant inaccurately responded to a question, accurately responded to a question, but failed to submit a required written explanation, or failed to notify the CDFI Fund of any changes to the information submitted between the date of Application and the date the Allocatee executes the Allocation Agreement, with respect to the Assurances and Certifications. In making this determination, the CDFI Fund will take into consideration, among other factors, the materiality of the question, the substance of any supplemental responses provided, and whether the information in the Applicant's supplemental responses would have a material adverse effect on the Applicant, its financial condition or its ability to perform under an Allocation Agreement, should the Applicant receive an allocation.

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Community Development Financial Institutions Fund Funding Opportunity Title: Notice of Allocation Availability (NOAA) Inviting Applications for the Calendar Years (CY) 2026 Allocation Round of the New Markets Tax Credit (NMTC) Program. Announcement Type: Announcement of NMTC Allocation availability. Dates: Table 1—CY 2026 Allocation Round NMTC Program Critical Deadlines for Applicants Description Deadline Time (eastern time—ET) Submission method Community Development Entity (CDE) Certification Application deadline September 22, 2026 11:59 p.m. ET Electronically via AMIS. Request to modify CDE certification service area September 22, 2026 11:59 p.m. ET Electronically via AMIS. Subsidiary CDE Certification Application for meeting Qualified Equity Investment (QEI) issuance thresholds September 22, 2026 11:59 p.m. ET Electronically via AMIS. CY 2026 Allocation Application Registration October 6, 2026 5:00 p.m. ET Electronically via AMIS. Amendment request to add Subsidiary CDEs to Allocation Agreements for meeting QEI issuance thresholds November 3, 2026 11:59 p.m. ET Electronically via AMIS. Amendment request to remove a Controlling Entity from Allocation Agreement(s) November 3, 2026 11:59 p.m. ET Electronically via AMIS. Last day to contact CDFI Fund staff November 6, 2026 5:00 p.m. ET Electronically via AMIS. CY 2026 Allocation Application deadline (including required Attachments) November 10, 2026 5:00 p.m. ET Electronically via AMIS. Q…

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Citation: 91 FR 58526