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New Markets Tax Credits

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What Are New Markets Tax Credits And How Do They Help Communities?

The New Markets Tax Credit Program (NMTC) is a federal initiative created to spur private capital investment in low-income communities. Created under the Community Renewal Tax Act of 2000, NMTCs are allocated by the Community Development Financial Institutions Fund (CDFI), a bureau within the United States Department of Treasury, under a competitive application process.

NMTC funding is available to certified Community Development Entities (CDEs). Our experienced professionals at the Tax Advantage Group (TAG) by Cherry Bekaert can assist with the preparation and filing of the CDE Certification application to the CDFI Fund. We also provide strategic planning related to the CDEs Controlling Entity and Governing and Advisory Boards.

We work in all areas of the NMTC Program, including Community Development Entity (CDE) Certification, NMTC Allocation Applications, NMTC Management Services, and NMTC Placement.

The TAG by Cherry Bekaert team has successfully closed over $877 million of NMTC transactions—demonstrating our broad range of project experience including community facilities, manufacturing and distribution facilities, and mixed-use real estate investments.

We’ve been involved with NMTCs from day one, and related types of financing programs for decades. If you’re looking for the team that’s best positioned to help you navigate this landscape from start to finish, you’ve found it in TAG by Cherry Bekaert.

Learn More About Our Additional Strategic Financing Capabilities:

Case Studies

“New Markets Tax Credits is a flexible and patient financing tool that can be used to fill the gap on capital projects, assist with the purchase of equipment or offset operational expenditures for nonprofit and for profits in return for creation of positive community impacts for low-income communities. It is an extremely versatile tool that can be used to help organizations that typically lack access to traditional capital markets or provide financing for measurable changes within communities that so often lack access to quality jobs, commercial goods and community goods and services.”
Laurel Tinsley, Managing Director, TAG by Cherry Bekaert

Related Thought Leadership
Oct 07
Article

Improving Capital Efficiency for Manufacturers Through the Use of New ...

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Aug 15
Podcast

The Role of CDEs Awarded to New Markets Tax Credits

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Aug 01
Case Study

NMTC Case Study for Limehouse Produce

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Feb 11
Podcast

New Markets Tax Credits and Supply Chains: Funding Strategic Growth

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Dec 06
Webinar Recording

Tax Advantaged Capital Sources for Real Estate Development

Watch Now
Oct 18
Case Study

New Markets Tax Credit Allocation Case Study for Jones Lumber Gloster,...

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Let's Talk

Laurel Tinsley

Managing Director, TAG by Cherry Bekaert

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Tammy C. Propst

Founder and Former Managing Director of TAG by Cherry Bekaert

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Understanding New Markets Tax Credit (NMTC)

Services

Project Financing

Tax Advantage Group by Cherry Bekaert helps clients successfully navigate and secure financing for New...

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Management Services

We provide a full suite of NMTC Management Services to CDEs including capital deployment, compliance...

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The Innovate Fund

Our lending affiliate, The Innovate Fund, transforms businesses and communities across Georgia, N. Carolina, S....

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Strategic Financing Services

Learn how our Tax Advisory services can help implement the New Markets Tax Credit for...

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Webinar: New Markets Tax Credit (NMTC) Program: How to Qualify

“We take the time to truly understand your project’s needs. Our commitment to getting you the best overall package is what sets us apart. And because we stand out, you will too.”
Tammy Propst, Founder and Former Managing Director, TAG by Cherry Bekaert

Brochures and Announcements

Optimizing Alternative Capital Sources

Listen to our podcast “Part 5: Optimizing Alternative Capital Sources” as we discuss capital formation,...

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Laurel Tinsley Brings Strategic Experience to Tax Advantage Group by Cherry Bekaert

Tax Advantage Group by Cherry Bekaert (“TAG”), a practice that specializes in New Markets Tax...

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Scott Scheffy Joins TAG by Cherry Bekaert to Expand Offerings to Southeast U.S.

TAG by Cherry Bekaert, a practice specializing in the New Markets Tax (“NMTC”) Credit, Historic...

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New Markets Tax Credits for Private Investment Funds and Family Offices

Find out more about New Markets Tax Credits for private investment funds and family offices...

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