New Markets Tax Credit 101: An Intro to the Program & Process
September 19, 2024In late summer or early fall of 2024, the CDFI Fund is expected to announce a new $5 billion allocation award to organizations that fund community development projects using the New Markets Tax Credit (NMTC) Program. If the NMTC allocation and project funding are secured, the award announcement could mean significant project savings for companies, organizations, and projects.
Join Forvis Mazars for an informative webinar as our NMTC team provides an overview of the program, how organizations may participate, and how to prepare your project for potential NMTC funding.
Learning Objectives
Upon completion of this program, participants will be able to:
- Describe the objective and purpose of the NMTC Program.
- List the three main participants and their roles in an NMTC project.
- Explain how the NMTC program works and why it benefits local communities.
Presenters
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.