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May 25, 2021: Measuring Community Impact/Outcomes for NMTCs and other Community Development Incentives.
In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Blair Kincer and Bob Ibanez, a senior manager in Novogradac’s public policy group, to discuss community outcomes and their significance in determining new markets tax credit (NMTC) awards. They examine how community outcomes have historically been viewed in the NMTC world and look at what might be coming. They also discuss how to measure community outcomes, the importance of documenting the impact of previous NMTC investments and how being able to demonstrate social impact is growing in importance to attract investors in all community development incentives.