Webinar
How New Markets Tax Credits work – Taking advantage of record allocation
Nov 01, 2016 · Authored by
In the fourth quarter of 2016, the New Markets Tax Credit (NMTC) program will have a record allocation of $7 billion.
The NMTC program spurs investment into operating businesses and real estate projects located in low-income communities. New Markets Tax Credits are not designed to be a primary source of funding, but they can be an excellent option to fill a gap in funding for projects that make economic sense. NMTC net proceeds can fund up to twenty to twenty-five percent of a project and are paired with owner equity, borrowed funds, or other available tax credits and incentives.
Watch this webinar recording to learn how the New Markets Tax Credits program works and how allocation may benefit the capital structure of your project.
For more information on this topic, or to learn how New Markets Tax Credits specialists can help, contact our team.