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