NMTC Management Services

nancy“The NMTC funding from GNMO has been one of the most instrumental tools in the redevelopment of what has become one of the country’s most admired downtown communities.” – Nancy Whitworth, Economic Development Director, City of Greenville, S.C.


Accounting report

NMTC Management Services

Receiving NMTC Allocation is a tremendous accomplishment but some of the most challenging work toward maintaining funding lies in successful deployment, thorough compliance and asset management, and meticulous accounting and bookkeeping. tag is one of the few firms in the industry to provide comprehensive NMTC Management Services to CDEs.

NMTC Deployment

The guiding document for an NMTC Allocatee is its NMTC Application. It is the reason the CDE received an Allocation, and faithful adherence to it will be the reason the CDE might receive future Allocations. This document becomes the roadmap in the execution of the CDE’s goals and objectives. It is important to understand all explicit and implied “promises” made in the Application and embed them in the deployment of the Allocation. tag professionals can help you start up and deploy NMTC Allocation by designing and implementing comprehensive deployment policies, and training CDE staff. Deployment policies include borrower application procedures that both help you analyze and manage your pipeline, collection of due diligence documents and transaction underwriting, Advisory Board strategies, securing NMTC investors, developing reservation letters, term sheets, and borrower performance agreements, and leading the CDE through successful
transaction closings.

Compliance and Asset Management

tag’s expertise in compliance and asset management is built upon the processes we implement for our $89 million affiliate fund called Greenville New Markets Opportunity LLC. We take the same principles used for this fund’s successful compliance and asset management processes and apply them to client CDEs to help ensure their successful allocation maintenance.

tag will develop a Compliance and Asset Management Policies and Procedures Program that includes action steps and documentation requirements required to maintain the CDE status, comply with CDFI Fund reporting requirements, comply with CDFI Fund Allocation Agreement requirements, and comply with IRS requirements. This Program includes hard and electronic copies of all relevant documents and an electronic Microsoft Sharepoint electronic calendar system that allows you to monitor compliance activities. tag can train your internal resources on Program activities or we can provide a turn-key solution, creating and implementing the Compliance and Asset Management Program.

NMTC Accounting and Bookkeeping

tag can perform accounting services such as monthly bookkeeping and financial statement preparation and interact with external accounting resources on all related tax and audit issues.