The New Markets Tax Credits Program
The New Markets Tax Credit program can result in financing for development projects outside of conventional underwriting criteria, resulting in a funding gap. If your project qualifies, additional equity and/or financing could be brought about.
Benefits of the NMTC Program
- Flexible underwriting criteria.
- Generate additional equity for the project.
- Rehabilitation or new construction qualifies.
- Brownfield areas qualify.
NMTCs typically result in investments in the form of loans and equity investments to the project, although there are additional eligible types of Qualified Low-Income Community Investments (QLICIs).
Does your property qualify for money-saving tax credits?
Review this checklist and find out:
- Project must be in eligible low-income community. We can help with looking up your project’s location.
- Gap in funding and NMTC needed to make project succeed.
- Financing stays in place for 7 years.
Our New Markets Tax Credit Services
- Evaluate New Markets Tax Credit benefits and project qualification.
- Prepare submittal document to CDE investors requesting proposals or terms sheets.
- Present your project to CDEs.
- Assist with selecting team of professionals for the NMTC transaction.
- Review project terms sheets and letters of intent.
- Advise and negotiate on your behalf throughout the transaction.
- Give expert advice for twinned New Markets and Historic Tax Credits deals.
Don’t miss any potential savings.
For more details on qualification, applicable tax rules and to initiate a tax credit application, contact Historic Consultants today.
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