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Project Financing

How Can I Finance Projects to Build Stronger
Communities for the Future?

The New Markets Tax Credit (NMTC) program provides a federal subsidy of about 20% for projects that create jobs or deliver vital goods and services in low-income communities.

Using a unique public-private partnership among the U.S. Department of Treasury (Treasury) private organizations called Community Development Entities (CDEs) and investors seeking to offset federal tax liability, Treasury authorizes CDEs to sell credits to investors. In turn, CDEs use the capital raised to provide accessible and flexible financing to projects located in census tracts with high poverty rates and/or low median family incomes.

CDEs invest in a wide range of projects through the NMTC program, including commercial real estate projects, operating businesses, or community facilities, all with the goal of creating positive community impact. Often, these projects are unable to find the necessary capital from traditional sources.

Cherry Bekaert helps clients successfully navigate and secure financing for their NMTC projects and has participated in $1.9 billion of funding in NMTC across a wide range of industries.

Securing funding through the NMTC program is a highly competitive process, and we are actively involved every step of the way. That means taking the time to truly understand your capital needs before engaging with CDEs and NMTC investors.

Drawing upon our strong relationships with an extensive network of CDEs and tax credit investors, our professionals work closely with you to showcase the mission of your project to the partners that are most aligned with your project’s expected community impacts. This helps you get the best financing solutions to achieve your objectives.

Where appropriate, we can also assist in identifying and closing on investment from other tax-advantaged solutions, such as state and federal historic tax credits (HTC), Opportunity Zones and other federal and state incentives.

Our commitment to getting you the best overall package is what sets us apart.

Learn more about our additional strategic financing capabilities:

Contact Our NMTC Project Financing Team

Case Studies

  • Expanding a Manufacturing Facility


    SWISS KRONO built an expansion onto their manufacturing facility with the help of New Markets Tax Credit program in Barnwell, SC. NMTCs played a vital role in financing the expansion with the help of four CDEs. SWISS KRONO will run an apprenticeship program, enhancing the accessibility of quality jobs in the local community.

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    • NMTC Allocation: $45,250,000
    • 272 Direct Jobs Created
    • 250 tons Reduced Emissions
  • Improving a Medical Facility

    Tippah County Hospital

    Tippah County Hospital built and expanded their facility, building a first class CAH with enhanced basic and emergency services in Ripley, MS. Four CDEs funded $25.5 million of NMTC Allocation to the Tippah County Hospital.

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    • NMTC Allocation: $25,500,000
    • 278 Direct Jobs Created
    • 13,136 LIC Residents Served
  • Developing Grocery, Retail & Affordable Housing

    100 Prince

    100 Prince is a mixed-use development that provides grocery and retail space and affordable housing to Athens, GA. Without the NMTC Allocation, neither the grocery nor the affordable units would be possible in this project.

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    • NMTC Allocation: $17,500,000
    • 78 Direct Jobs
    • 10 Affordable Housing Units
    • 54,074 SF Urban Grocery Store
  • Extending Health & Wellness

    SE Raleigh YMCA

    SE Raleigh YMCA improved the facility’s education, health and wellness through New Market Tax Credits. The SE Raleigh YMCA center provides local residents access to improved programming and a state-of-the-art elementary school for students through the YMCA’s leased space.

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    • NMTC Allocation: $21,000,000
    • 66 Direct Jobs
    • 63,234 SF Recreation Facility

Cherry Bekaert’s Project Financing services and solutions are positioned to maximize opportunities, close faster, and generate positive outcomes for local communities. From kick-off to closing, our three-phase approach typically lasts between 12 and 24 months and is designed to support your NMTC journey every step of the way.

Phase 1

In-depth project research, analysis and packaging

We complete a rigorous due diligence process in which our team evaluates your project’s operations, outcomes and financing needs. We then work with you to develop compelling marketing materials designed to capture interest and investment from the most relevant CDEs.

Phase 2

Targeted marketing and sales outreach

We use our knowledge, experience and relationships to determine the CDEs best suited to supporting your project. This process is based on factors like geography, focus area and community impact. We then communicate directly with those CDEs to build a pipeline of engaged potential partners.

Phase 3

Full project closing support

Once we have helped you identify and secure the right CDEs, we assist you throughout the process of closing. This includes supporting you in navigating the different terminology, stakeholders and economic modelling involved. This helps you get the best possible outcome for your project and your community.

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Laurel Tinsley

Managing Director, Strategic Financing Services

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Contact Our NMTC Project Financing Team