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Aug. 3, 2021: Tips for NMTC Application Round
In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Nicolo Pinoli, CPA, and Bob Ibanez, a Novogradac senior public policy manager discuss the upcoming calendar-year 2021 new markets tax credit (NMTC) application round, including the timing of the 2020 awards and the opening of the next round. They also discuss community development entity (CDE) eligibility issues, the importance of lining up leverage debt sources early, common issues with the investment pipeline and best practices for communicating a track record, including the role of disadvantaged businesses and communities.