When: May 8, 2025 from 10:45am – 12:15pm
What: New Markets Tax Credits: Funding to Complete Your Capital Stack to Get Your Project Done!
Nonprofit real estate development typically requires lower cost financing and/or deep subsidy for a project to be financially feasible. New Markets Tax Credits (NMTCs) are a commonly used community development financing tool, typically providing an approximate 17% to 20% equity contribution to the project. In this session, participants will learn the basics of NMTCs, how to know if a project is eligible, how to secure NMTCs and how they can fit into the overall capital stack for your project. We will also include a case study and NMTC industry and market updates.