Understanding and Utilizing New Markets Tax Credits

Join Vista Chamber member Civic Communities for this informative seminar.

Understanding and Utilizing New Markets Tax Credits

Wednesday, January 18, 2023
11:00 a.m. to 1:00 p.m.
Access Youth Academy, 704 Euclid Ave, San Diego, CA 92114

The Federal New Markets Tax Credit (NMTC) program can provide you with a significant source of equity for your project or for working capital to support your operations. Entrepreneurs and non-profits located in low-income communities can reduce borrowing costs for high impact projects that create jobs or provide community benefits. Learn how at this workshop hosted by Civic Communities.

What Participants Will Learn:

Come and participate with our panel in an in-depth discussion about how the New Markets Tax Credit program is used by community development entities to provide working capital or fill the gap in financing for projects and businesses that serve low income communities. General session topics will include:

* How NMTCs can provide working capital to a community business or non-profit to support operations.

* How NMTCs work in a real estate development deal.

* How to determine if your project is in a qualifying location and what are the required Community Benefits of a project.

* How a NMTC deal differs from a standard debt-financed transaction.

* How banks select and underwrite NMTC projects.

* How to identify investors for your project and how exactly they benefit.

* The details of a case study – How NMTC financing was used for the development of Access Youth Academy’s new facility.

Understanding and Utilizing New Marke...

Date and Time

Wednesday Jan 18, 2023
11:00 AM - 1:00 PM PST

Location

Access Youth Academy
704 Euclid Ave
San Diego, CA 92114

Fees/Admission

Free

Website

https://www.eventbrite.com/e/understanding-and-utilizing-new-markets-tax-credits-workshop-tickets-504853639827