In today's finance market, everyone needs help leveraging their capital to bring important community projects to fruition.  tag can help.  We work with for-profit and non-profit organizations to bridge project financial gaps through NMTC financing. The NMTC is a federal program created under the Community Renewal Act of 2000 to stimulate economic and community development in America's low-income communities.  The program provides investors with federal tax credits for making investments in a wide range of projects located in low-income communities.  The credit provided to the investor totals 39% of the project cost and is claimed over a 7-year period.  The sale of the tax credit to the investor provides equity, which can be loaned to and permanently placed into the project.

At tag, we assist for profit and non-profit organizations with NMTC transactions, including:

• Project Feasibility - Reviewing project pro formas to accurately represent NMTC transactions
• Project Placement - Marketing the project "upstream" through the CDE Lenders for NMTC Allocation
• Project Closing - Representing the organization and coordinating the NMTC team throughout closing to successfully close the project

To date, tag has advised organizations on transactions resulting in $107 million of NMTC financing:

• GNMO Community Facility QEI - $19 Million
• GNMO Hotel QEI - $17 Million
• GNMO Technology Center QEI - $8.1 Million
• SC retail real estate development QEI - $18 Million
• NC retail real estate development (connected to LIHTC project) QEI - $900,000
• LA historic hotel renovation QEI - $18 million
• KY rural college real estate development QEI - $17 million
• LA non-profit health services organization QEI - $9 million

Also, we help many organizations understand NMTC proposals from CDEs that may be in front of them by providing a clear assessment of the structure, CDE and other 3rd party fees, and the net/net benefit to the project.