Sept. 20, 2022: How to Close NMTC Transactions Successfully in the Current Economic Climate
The announcement of new markets tax credit (NMTC) allocation awards are expected soon, with the next allocation round opening after that. Well informed and well positioned businesses have a great opportunity to secure NMTC financing, even if they were not originally in a community development entity’s pipeline. Michael Novogradac, CPA, and Novogradac partner Matt Meeker, CPA, discuss how to close an NMTC transaction successfully in the current economic climate. They’ll cover how rising interest rates, growing inflation and supply chain issues are affecting NMTC transactions. They’ll also discuss how to prepare a business for NMTC financing. They’ll close with some common challenges faced in closing NMTC transactions and how to address them.