Funding Opportunity Title: Amended Notice of Allocation Availability (NOAA) for the Combined Calendar Year (CY) 2015-CY 2016 Allocation Round of the New Markets Tax Credit (NMTC) Program, 23356 [2016-09102]

Download as PDF 23356 Federal Register / Vol. 81, No. 76 / Wednesday, April 20, 2016 / Notices construction fund that was created to assist owners and operators of U.S.-flag vessels in accumulating the large amount of capital necessary for the modernization and expansion of the U.S. merchant marine. The program encourages construction, reconstruction, or acquisition of vessels through the deferment of Federal income taxes on certain deposits of money or other property placed into a CCF. Respondents: U.S. citizens who own or lease one or more eligible vessels and who have a program to provide for the acquisition, construction or reconstruction of a qualified vessel. Number of Respondents: 143. Frequency: Annually. Total Annual Burden: 1790 Hours. Public Comments Invited: You are asked to comment on any aspect of this information collection, including (a) whether the proposed collection of information is necessary for the Department’s performance; (b) the accuracy of the estimated burden; (c) ways for the Department to enhance the quality, utility and clarity of the information collection; and (d) ways that the burden could be minimized without reducing the quality of the collected information. The agency will summarize and/or include your comments in the request for OMB’s clearance of this information collection. Authority: The Paperwork Reduction Act of 1995; 44 U.S.C. Chapter 35, as amended; and 49 CFR 1:93. Dated: April 4, 2016. Gabriel Chavez, Assistant Secretary, Maritime Administration. [FR Doc. 2016–09047 Filed 4–19–16; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Funding Opportunity Title: Amended Notice of Allocation Availability (NOAA) for the Combined Calendar Year (CY) 2015—CY 2016 Allocation Round of the New Markets Tax Credit (NMTC) Program Lhorne on DSK5TPTVN1PROD with NOTICES Announcement Type: Change to NOAA for the Combined CY 2015–CY 2016 Allocation Round of the NMTC Program. Electronic applications must have been received by 5:00 p.m. ET on December 16, 2015. SUMMARY: This NOAA update is issued to combine calendar year (CY) 2015— CY 2016 tax credit allocation rounds of the NMTC Program, authorized by Title DATES: VerDate Sep<11>2014 14:53 Apr 19, 2016 Jkt 238001 I, subtitle C, section 121 of the Community Renewal Tax Relief Act of 2000 (Pub. L. 106–554), as amended (the Act). On October 23, 2015, in the NOAA for the CY 2015 allocation round of the NMTC Program (the CY 2015 NOAA, 80 Federal Register 64495), the Community Development Financial Institutions Fund (the CDFI Fund) announced, among other things, that the CY 2015 NMTC allocation amount would be up to $5.0 billion, subject to Congressional authorization. In the NOAA for the CY 2015 allocation round the CDFI Fund also reserved the right to allocate amounts in excess of or less than the anticipated allocation amount of $5 billion. Pursuant to the passage of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), the authorization for the NMTC Program has been extended for five calendar years (CY 2015 through CY 2019) with $3.5 billion in annual NMTC allocation authority. In order to make NMTC allocation awards in the respective calendar years as set forth in the PATH Act, the CDFI Fund hereby amends the CY 2015 NOAA to combine the CY 2015 and the CY 2016 NMTC authorities into one allocation round (herein referred to as the ‘‘combined CY 2015–2016 allocation round’’). Accordingly, the NMTC allocation authority announced in this revised NOAA being made available in the combined CY 2015– 2016 allocation round includes both the amount authorized for CY 2015 ($3.5 billion) and the amount authorized for CY 2016 ($3.5 billion), resulting in a total NMTC allocation amount of $7.0 billion for the combined CY 2015–2016 allocation round. Combination of Allocation Authority: The CY 2015 NOAA announced an expected total of up to $5.0 billion of NMTC allocation authority available in the CY 2015 round, subject to Congressional authorization. The PATH Act authorized an annual allocation authority of $3.5 billion for five years (CY 2015 to CY 2019). In order to allocate NMTC authority during the calendar year for which it was authorized, the CY 2015 NOAA is hereby amended to include both CY 2015 ($3.5 billion) and CY $2016 ($3.5 billion), with a total of $7.0 billion in NMTC authority available in the combined CY 2015–2016 allocation round. Allocation Amounts: The CY 2015 NOAA announced that the CDFI Fund, in its sole discretion, reserves the right to award tax credit allocation authority in amounts that are in excess of or less than the anticipated maximum allocation should the CDFI Fund deem it appropriate. The CDFI Fund PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 continues to anticipate that it will not issue more than $125 million in tax credit investment authority per Allocatee. However, those determinations will be made on a caseby-case basis and in the sole discretion of the CDFI Fund. The CDFI Fund continues to reserve the right to allocate NMTC authority to any, all, or none of the entities that submitted applications in response to this NOAA, and in any amount it deems appropriate. All other information and requirements set forth in the CY 2015 NOAA shall remain effective, as published. Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26 CFR 1.45D–1; Pub. L. 111–5. Mary Ann Donovan, Director, Community Development Financial Institutions Fund. [FR Doc. 2016–09102 Filed 4–19–16; 8:45 am] BILLING CODE 4810––70–P DEPARTMENT OF VETERANS AFFAIRS Enhanced-Use Lease of Department of Veterans Affairs Real Property for the Development of Affordable Housing Facility in Minneapolis, Minnesota Department of Veterans Affairs. Notice of intent to enter into an Enhanced-Use Lease. AGENCY: ACTION: The Secretary of Veterans Affairs intends to enter into an Enhanced-Use Lease (EUL) on approximately 3 acres of land for the purpose of developing 100 units of affordable housing for Veterans. The EUL lessee, CHDC Veterans Limited Partnership, will finance, design, develop, manage, maintain, and operate housing for eligible homeless Veterans, or Veterans at risk of homelessness, on a priority placement basis, and provide services that guide resident Veterans toward attaining long-term selfsufficiency. SUMMARY: FOR FURTHER INFORMATION CONTACT: Edward L. Bradley III, Office of Asset Enterprise Management (044), Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420, (202) 461–7778. SUPPLEMENTARY INFORMATION: Title 38 U.S.C. 8161 et seq. states that the Secretary may enter into an EUL if he determines that at least part of the use of the property will provide appropriate space for an activity contributing to VA’s mission, the lease will not be inconsistent with and will not adversely affect VA’s mission, and the lease will E:\FR\FM\20APN1.SGM 20APN1

Agencies

[Federal Register Volume 81, Number 76 (Wednesday, April 20, 2016)]
[Notices]
[Page 23356]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09102]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Funding Opportunity Title: Amended Notice of Allocation 
Availability (NOAA) for the Combined Calendar Year (CY) 2015--CY 2016 
Allocation Round of the New Markets Tax Credit (NMTC) Program

    Announcement Type: Change to NOAA for the Combined CY 2015-CY 2016 
Allocation Round of the NMTC Program.

DATES: Electronic applications must have been received by 5:00 p.m. ET 
on December 16, 2015.
SUMMARY: This NOAA update is issued to combine calendar year (CY) 
2015--CY 2016 tax credit allocation rounds of the NMTC Program, 
authorized by Title I, subtitle C, section 121 of the Community Renewal 
Tax Relief Act of 2000 (Pub. L. 106-554), as amended (the Act). On 
October 23, 2015, in the NOAA for the CY 2015 allocation round of the 
NMTC Program (the CY 2015 NOAA, 80 Federal Register 64495), the 
Community Development Financial Institutions Fund (the CDFI Fund) 
announced, among other things, that the CY 2015 NMTC allocation amount 
would be up to $5.0 billion, subject to Congressional authorization. In 
the NOAA for the CY 2015 allocation round the CDFI Fund also reserved 
the right to allocate amounts in excess of or less than the anticipated 
allocation amount of $5 billion. Pursuant to the passage of the 
Protecting Americans from Tax Hikes Act of 2015 (PATH Act), the 
authorization for the NMTC Program has been extended for five calendar 
years (CY 2015 through CY 2019) with $3.5 billion in annual NMTC 
allocation authority. In order to make NMTC allocation awards in the 
respective calendar years as set forth in the PATH Act, the CDFI Fund 
hereby amends the CY 2015 NOAA to combine the CY 2015 and the CY 2016 
NMTC authorities into one allocation round (herein referred to as the 
``combined CY 2015-2016 allocation round''). Accordingly, the NMTC 
allocation authority announced in this revised NOAA being made 
available in the combined CY 2015-2016 allocation round includes both 
the amount authorized for CY 2015 ($3.5 billion) and the amount 
authorized for CY 2016 ($3.5 billion), resulting in a total NMTC 
allocation amount of $7.0 billion for the combined CY 2015-2016 
allocation round.
    Combination of Allocation Authority: The CY 2015 NOAA announced an 
expected total of up to $5.0 billion of NMTC allocation authority 
available in the CY 2015 round, subject to Congressional authorization. 
The PATH Act authorized an annual allocation authority of $3.5 billion 
for five years (CY 2015 to CY 2019). In order to allocate NMTC 
authority during the calendar year for which it was authorized, the CY 
2015 NOAA is hereby amended to include both CY 2015 ($3.5 billion) and 
CY $2016 ($3.5 billion), with a total of $7.0 billion in NMTC authority 
available in the combined CY 2015-2016 allocation round.
    Allocation Amounts: The CY 2015 NOAA announced that the CDFI Fund, 
in its sole discretion, reserves the right to award tax credit 
allocation authority in amounts that are in excess of or less than the 
anticipated maximum allocation should the CDFI Fund deem it 
appropriate. The CDFI Fund continues to anticipate that it will not 
issue more than $125 million in tax credit investment authority per 
Allocatee. However, those determinations will be made on a case-by-case 
basis and in the sole discretion of the CDFI Fund. The CDFI Fund 
continues to reserve the right to allocate NMTC authority to any, all, 
or none of the entities that submitted applications in response to this 
NOAA, and in any amount it deems appropriate.
    All other information and requirements set forth in the CY 2015 
NOAA shall remain effective, as published.

    Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26 CFR 1.45D-1; Pub. L. 
111-5.

Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2016-09102 Filed 4-19-16; 8:45 am]
 BILLING CODE 4810--70-P