Federal Register #2026-18883

2026 New Markets Tax Credit Program Allocation Announcement

This opportunity is an allocation announcement for the 2026 New Markets Tax Credit (NMTC) Program by the Community Development Financial Institutions Fund (CDFI Fund), part of the Department of the Treasury. - Government Buyer: - Department of the Treasury - Community Development Financial Institutions Fund (CDFI Fund) - Program Overview: - $5 billion in NMTC allocation authority is available for the 2026 round - Certified Community Development Entities (CDEs) can apply to receive authority to offer tax credits to investors - Tax credits are provided over a seven-year period to stimulate private investment in low-income communities - Eligibility and Requirements: - Applicants must be certified CDEs - Must comply with IRS NMTC regulations - Prior award recipients with unresolved compliance issues are ineligible - Maximum anticipated allocation per entity is $100 million - Notable Details: - No OEMs or vendors are involved, as this is a financial incentive program, not a procurement of goods or services - The opportunity outlines application procedures, compliance obligations, and allocation limits

Description

This Notice of Allocation Availability (NOAA) invites applications for the Calendar Years 2026 allocation round of the New Markets Tax Credit (NMTC) Program, authorized by the Community Renewal Tax Relief Act of 2000. The program provides certified Community Development Entities (CDEs) the authority to offer tax credit incentives to investors over seven years to stimulate private investment capital for economic and community development in Low-Income Communities. The CDFI Fund announces the availability of $5 billion in NMTC allocation authority for this round. The NOAA details the application process, competitive procedures for allocation, and requirements to ensure proper allocation to eligible entities.

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