The New Markets Tax Credit (NMTC) program has sparked billions of dollars of investment, transforming low-income communities and achieving the business objectives of owners, developers and sponsors. BakerHostetler attorneys regularly advise NMTC participants, particularly Qualified Active Low-Income Community Businesses (QALICBs), in NMTC transactions. QALICBs partnering with us gain a competitive edge in NMTC deals, especially as demand for NMTC allocations far outweighs supply.
Clients benefit from our nationwide experience, multidisciplinary approach and creativity in planning and structuring challenging and complex NMTC-financing arrangements. Our professionals have both the technical tax knowledge needed to ensure compliance with the detailed federal NMTC regime, as well as the creativity needed to formulate different financing structures to meet clients’ individualized needs. Many of our NMTC engagements involve other types of tax credits (e.g., historic tax credits), multiple tax credit investors, tiers of entities with multiple layers of debt and equity and the involvement of tax-exempt entities. The result is a competitive edge in all areas that impact an NMTC project, which include tax, corporate, finance and real estate, among other areas.