Recorded: May 13, 2017
The New Markets Tax Credit Program (NMTC Program) aims to break the cycle of disinvestment in low-income communities by attracting the private investment to help support struggling local economies. The NMTC Program provides equity capital to projects by permitting investors to receive a tax credit through the sale of New Markets Tax Credits. The equity capital raised is used to fill the financing gap for the construction and rehabilitation of commercial, industrial, and mixed-use projects. It was designed to spur economic development, create jobs, and expand the provision of goods and services in low-income, distressed communities nationwide.
Learn the basics on the New Markets Tax Credit, including how it works and how it can be used to develop projects that include low income housing.
Participants in this webinar will:
- Be provided with an overview of the New Markets Tax Credit.
- Learn about the benefits of using the New Markets Tax Credit.
- Be provided with examples of New Markets Tax Credit projects
- Jennifer Trepinski, CSH
- Jill Steen, CSH