how to access nmtc enhanced capital

An organization that desires to access funds from the NMTC program first needs to determine if its project qualifies and then needs to identify a CDE with an allocation of NMTCs to invest in its organization or development. Information regarding CDEs that have been allocated NMTCs is available at www.cdfifund.gov. If you’re interested in learning more about the program and obtaining its benefits, please contact us.

Our New Markets Tax Credit team can assist with the following:

• Preparing financial projections for use by prospective lenders and tax credit investors
• Identifying a New Markets Tax Credit Allocatee to sponsor your project
• Negotiating the amount, timing and nature of the project’s share of the New Markets Tax Credits
• Structuring the transaction to maximize the economic value of the tax credits to the project, including evaluation of leveraged vs. non-leveraged New Markets Tax Credit structures
• Reviewing LLC Operating Agreements, loan agreements and other related legal documents to ensure compliance with all applicable tax law requirements and to ensure consistency with the terms of the agreement with the tax credit investors and lenders
• Assisting in implementing procedures to comply with ongoing administrative reporting requirements of the New Markets Tax Credit program