CDFI Fund Seeks Public Comment on Opportunity Zone Nomination Tool
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites state government officials—such as State Chief Executive Officers—and members of the general public to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury is soliciting comments concerning the Opportunity Zone (OZ) Nomination Tool. The OZ Nomination Tool contains online forms submitted through the CDFI Fund’s Awards Management Information System (AMIS).
The One Big Beautiful Bill Act (OBBBA) of 2025 made Opportunity Zones (OZs) permanent. OZs provide federal tax incentives for reinvesting capital gains into distressed communities. New OZs will be designated every 10 years based on updated census data. For 2026, State Chief Executive Officers or the territorial equivalent must nominate low-income communities (LICs) from a list of eligible census tracts for their respective state or U.S. territory for designation as a Qualified Opportunity Zone (QOZ) during a 90-day period, subject to a single 30-day extension period, beginning on July 1, 2026.
The CDFI Fund will provide the OZ Nomination Tool for the States’ use and will assist the Secretary of the Treasury in the QOZ certification and designation process. View the proposed OZ Nomination Tool data points for information that will be collected from the states for this process.
Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) respondents’ estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Comments must be received no later than 60 days after the date of publication of the Federal Register notice. Comments should be submitted electronically via the e-Rulemaking Portal: http://www.regulations.gov/.
Questions related to the Notice and Request for Public Comment can be directed to the U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220, or by email to OpportunityZone@cdfi.treas.gov. Other information regarding the CDFI Fund and its programs may be obtained on the CDFI Fund website at https://www.cdfifund.gov.
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