Live Online Event | Tax Credits 101, Part 2: New Markets and Historic (Recording)
Recorded on March 28, 2017
Since 2000, the New Markets Tax Credit (NMTC) has generated investment in low-income communities across all 50 states, the District of Columbia and Puerto Rico. According to the U.S. Treasury Department’s Community Development Financial Institutions Fund, the program has raised more than $31 billion in private capital, leveraging about $8 of private capital for every $1 of NMTC investment in distressed communities.
This training provides an overview of:
• NMTC program and background
• How it works
• NMTC vs. LIHTC
• Players and Process
• QALICB – can your project qualify?
• Pros vs. Cons
Additionally, a brief overview of Historic Tax Credits is provided, including how to qualify and calculate the credits.