The New Markets Tax Credit Program: Project Readiness & Securing Allocation
October 5, 2023This fall, the Community Development Financial Institutions Fund is expected to announce a new $5 billion allocation award to organizations that fund development projects through the New Markets Tax Credit (NMTC) Program. The announcement could mean significant savings for companies, organizations, and projects if they can secure NMTC allocation and funding. Join Forvis Mazars and BrightBridge Capital as we share information about the project selection process, criteria that community development entities (CDEs) and investors use to evaluate projects, and insights to help you prepare your project for potential NMTC funding.
Learning Objectives
Upon completion of this program, participants will be able to:
- Identify how CDEs and investors evaluate and make NMTC investment decisions
- Recognize which facts and circumstances make a project more viable for NMTC funding
- Define the aspects of project readiness that are critical for NMTC project success
Presenters
Wes Ernst, Mike Roney, Monica Blanton
Navigate the New Markets Tax Credit (NMTC) Program with confidence.
NMTC funding requires a detailed transaction model, which often causes delays from time-consuming manual data entry and inefficient spreadsheets. TaxCred PRO® for New Markets Tax Credit is our innovative platform that simplifies this process by generating real-time NMTC models. TaxCred PRO allows our professionals to quickly produce and update a draft, helping you save time and reduce fees.
Our experienced team also can support you with other aspects of the NMTC Program. Whether you’re seeking to understand the program or need sourcing and closing funding, we can help.