Date/Time
Date(s) - 06/20/2019
10:00 am - 12:30 pm

Location
The Bitwise Hive
2600 Ventura Street, 1st Floor Classroom
Fresno, CA, 93721

Categories

Workshop: New Markets Tax Credits for Parks

Join Community Vision’s (formerly the Northern California Community Loan Fund) New Markets Tax Credit (NMTC) experts for an in-depth overview and group conversation about NMTC financing. This workshop will focus on how NMTCs can be used for parks. NMTCs bring capital to a wide array of organizations located in under-invested areas throughout the United States. Closer to home, we will discuss the creative ways in which Community Vision has deployed its NMTCs to capitalize high-impact and innovative projects to spur economic development, foster the arts, increase access to healthy foods, create good jobs, and deliver critical human services.

Topics to be covered:

  • History of the NMTC program and future outlook
  • Project eligibility and creative ways to make ineligible projects eligible
  • The basic NMTC financial transaction and the key players, including Community Development Entities (CDEs), like Community Vision
  • How this financial structure leverages the capital raised by the project sponsor from public and private funding sources to maximize NMTC benefits to provide essential gap financing
  • Community Benefits Agreements, which measure and document the community impacts of the project
  • The key roles played by NMTC consultants, attorneys and project sponsors to achieve successful financing results for high-impact projects
  • Keys to financing a successful project with NMTC financing
  • Case Studies: applying NMTCs to successful local projects
  • Q & A

Featured Speakers:

  • David Wilkinson, Senior Real Estate Consultant, Community Vision
  • Kelly Ehrenfeld, Real Estate Consultant, Community Vision
  • Luis A. Rodriguez, Partner, Goldfarb & Lipman LLP

RSVP NOW >>

This workshop is organized in partnership with Building Healthy Communities Fresno.