New Markets Tax Credit (NMTC) Program Application

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Travois comment letter 2024 application template-FINAL.pdf	Public Comments	Uploaded 2024-10-07	Repair queued
AC Comments to 2024 2d Draft Application.pdf	Public Comments	Uploaded 2024-10-04	Repair queued
SNMTC Comments to CDFI Fund version 2 of 2024-2026 Draft NMTC Allocation Application.pdf	Public Comments	Uploaded 2024-10-07	Repair queued
NAFOA October Comments on NMTC.pdf	Public Comments	Uploaded 2024-10-07	Repair queued
NMTC Public Comment Draft_FINAL.pdf	Public Comments	Uploaded 2024-10-07	Repair queued
NMTC Coalition Comment Letter - 2024 - October - Final.docx	Public Comments	Uploaded 2024-10-07	Repair queued
NMTC Working Group Letter to CDFI Fund on CY 2024 NMTC Application (10-07-2024) - 30 Day Comment Period.pdf	Public Comments	Uploaded 2024-10-07	Repair queued
NNMF Application Request for Comments October 2024.pdf	Public Comments	Uploaded 2024-10-07	Repair queued
Habitat For Humanity Response - Information Collection - NMTC Application (10.7.24).pdf	Public Comments	Uploaded 2024-10-07	Repair queued
OFN - Market Tax Credit Program Allocation Application Comments.pdf	Public Comments	Uploaded 2024-04-16	Repair queued
LIIF - New Market Tax Credit Program Allocation Application Comments.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
District Honor emaill Comments on CY 2024 NMTC Application Draft.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
1559-0016 NMTC Program Application Appendix A Supporting Statement 8.23.2024.pdf	Supplementary Document	Uploaded 2024-08-23	Available
1559-0016 NMTC Program Application Appendix A Supporting Statement 8.23.2024.pdf	Supplementary Document	Uploaded 2024-08-23	Available
urban Action Community Development-4232024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
Travois New Markets comments-UPDATED 4192024.pdf	Public Comments	Uploaded 2024-04-19	Repair queued
Travois New Markets comments-3152024-No 1.pdf	Public Comments	Uploaded 2024-03-15	Repair queued
The Rose Urban Green Fund-4232024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
The Housing Fund-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
St Marys Center for Women and Children Public Comment Letter-4172024.pdf	Public Comments	Uploaded 2024-04-17	Repair queued
Southern Bancorp Bank-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Smith NMTC Associates.pdf	Public Comments	Uploaded 2024-04-15	Repair queued
River Gorge Capital-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
River City Capital-4232024.pdf	Public Comments	Uploaded 2024-08-14	Repair queued
Primary Care Development Corporation Comments-4182024.pdf	Public Comments	Uploaded 2024-08-14	Repair queued
PIDC Community Capital-4232024.pdf	Public Comments	Uploaded 2024-08-14	Repair queued
Peoples Bank-Letter 4172024.pdf	Public Comments	Uploaded 2024-04-17	Repair queued
Optus Bank-Comment Letter 4182024.pdf	Public Comments	Uploaded 2024-04-18	Repair queued
Novogradac & Co-4232024.pdf	Public Comments	Uploaded 2024-08-14	Repair queued
NMTC Coalition-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Native CDFI Network-email New Markets Tax Credit (NMTC) Program Allocation Application for the Calendar Year 2024 2026 Funding Rounds.pdf	Public Comments	Uploaded 2024-04-03	Repair queued
Native CDFI Network Comment Letter on NMTC Program-432024.pdf	Public Comments	Uploaded 2024-04-03	Repair queued
Native American Bank-4232024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
Native American Bank-522024.pdf	Public Comments	Uploaded 2024-05-02	Repair queued
National New Markets Fund-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Mid-City Community CDE-4232024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
Michigan Community Capital-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Local Initiatives Support Corporation-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Invest Detroit-4232024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
IFF-Illinois Facilities Fund-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Homeownership Alliance-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Evernorth Rural Ventures-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Dallas Development Fund Comments-4182024.pdf	Public Comments	Uploaded 2024-04-17	Repair queued
COPAL-4162024.pdf	Public Comments	Uploaded 2024-04-16	Repair queued
Confederated Tribes of the Colville Reservation-4232024.pdf	Public Comments	Uploaded 2024-04-17	Repair queued
Community Reinvestment Fund-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Community Development Bankers Association-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Chicago Community Loan Fund-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
CAHEC New Markets-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Black Hawk Economic Development-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Beneficial State Bank-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
AMCREF Community Capital-4222024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
AltCap-4232024.pdf	Public Comments	Uploaded 2024-04-22	Repair queued
African American Alliance of CDFI CEOs.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Advantage Capital-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
504 Corporation-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
Advanced CapAccess-4232024.pdf	Public Comments	Uploaded 2024-04-23	Repair queued
1559-0016 CY2024- 2026 NMTC App PRA Renewal - Supporting Statement 2024-08-30.docx	Supporting Statement A	Uploaded 2024-09-05	Available
1559-0016 CY2024- 2026 NMTC App PRA Renewal - Supporting Statement 2024-08-30.docx	Supporting Statement A	Uploaded 2024-09-05	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
187769	NMTC Program Allocation Application (State, Local, & Tribal Governments)	Other-Application	Modified
187767	NMTC Program Allocation Application (Business & Non-Profit)	Other-Application	Modified

ICR Details

OMB Control No: 1559-0016	ICR Reference No: 202408-1559-001
Status: Active	Previous ICR Reference No: 202105-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: New Markets Tax Credit (NMTC) Program Application
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/29/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/05/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2027	36 Months From Approved
Responses	197	0	0
Time Burden (Hours)	60,121	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The New Markets Tax Credit (NMTC) Program will provide an incentive to investors in the form of a tax credit, which is expected to stimulate investment in private capital that, and in turn, will facilitate economic and community development in low-income communities. In order to qualify for an allocation of tax credits under the NMTC Program an entity must be certified as a qualified community development entity and submit an allocation application to the CDFI Fund. Upon receipt of such applications, the CDFI Fund will conduct a competitive review process to evaluate applications for the receipt of NMTC allocations.

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Authorizing Statute(s): US Code: 26 USC 1.45D-1 Name of Law: New Markets Tax Credit
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 13801	02/23/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 72713	09/04/2024
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
NMTC Program Allocation Application (Business & Non-Profit)
NMTC Program Allocation Application (State, Local, & Tribal Governments)

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	197	0	0	197	0	0
Annual Time Burden (Hours)	60,121	0	0	60,121	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This ICR is being reinstated in order to receive approval for the CY 2024-2026 NMTC Program Applications. The estimated total burden hours for CY 2024-2026 NMTC Applications of 60,121 hours is lower than the total approved for the previous CY 2021-2023 application of 64,614 hours. This estimate reflects updates made to the application in order to reduce burden.

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Annual Cost to Federal Government: $2,730,315

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 09/05/2024

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