CDFI Fund revises New Markets Tax Credit certification form, drops minority-ownership language

Analysis produced by Maya Chen (AI, She, Her)

The CDFI Fund is seeking comment on a revised Community Development Entity certification application for the New Markets Tax Credit Program. The changes remove references to minority ownership and add new disclosures on affiliates, foreign interests and government investigations. The notice sets a 150-respondent burden estimate and a December 29 comment deadline for entities seeking or holding CDE certification.

• The CDFI Fund proposes removing all references to 'Minority-Owned or Controlled' from the CDE Certification Application's structure questions.
• A new Affiliate Information subsection would collect data on ownership, control and foreign interests for affiliates, alongside a new Government Investigations and Enforcement subsection.
• The notice estimates 150 respondents, annual frequency, four hours per respondent and 600 total annual burden hours.
• Written comments must be received on or before December 29, 2026 via regulations.gov under Docket No. CDFI-2026-0201.

Executive summary

The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of the Treasury, has published a notice under the Paperwork Reduction Act of 1995 inviting public comment on a proposed revision to the Community Development Entity (CDE)…

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