New Markets Tax Credit and Debt Placement
Services Overview
Nonprofit • Finance • Community development
Transactions across NMTCs, debt, PRIs
$100M+ closed
25+ years
Operator & Advisor
CFO + Consulting experience
How NMTC Helps
The New Markets Tax Credit brings new dollars to qualifying community projects in low-income areas — typically 15–25% of total project cost, depending on structure. NMTC funds reach the project as a loan that is forgiven after seven years if the project stays in place, serves the community, and follows program rules.
Services
NMTC Advisory
(Assess → Structure → Secure → Close)
Rapid fit check: location, purpose, and project readiness
Capital plan: size the NMTC gap (typically 20–25%), sources & uses, and timeline
Structure: set up the right project entity and documents to qualify
Allocation path: package the project and engage allocation groups that award NMTCs
Leverage & bridge: line up affordable loans and grants to complete the stack
Close: coordinate the closing steps, flow of funds, and reporting setup
Debt Placement
Construction, permanent, and NMTC leverage loans
Bridge‑to‑grants and equipment financing
Program‑Related Investments (PRIs) and other impact‑aligned credit
Focused RFP process with aligned lenders
Side‑by‑side term‑sheet analysis and covenant review
Tech Center West at Crenshaw Lofts (SoLa Impact) — Workforce & Digital Training (Los Angeles, CA)
Role: Lead NMTC advisor to the sponsor (full‑scope).
Financing snapshot: Secured $29M in NMTC financing to support community and workforce development spaces.
MRC scope: End‑to‑end NMTC advisory—feasibility/eligibility; subsidy sizing & financial model; intake package & impact narrative; CDE targeting and outreach; investor/leverage‑lender coordination with term‑sheet analysis; closing preparation including flow‑of‑funds and NMTC accounting/tax setup.
Status: Completed.
Model Z — Modular Manufacturing (Los Angeles, CA)
Role: NMTC advisor and debt support to the sponsor.
Financing snapshot: Project financing included ~$19M in NMTC allocation and $6M in PRI—about $25M in catalytic capital.
MRC scope: Capital stack modeling; NMTC strategy execution; leverage/bridge support; closing coordination support; setup for draws/reporting.
Status: Completed.
2027 NMTC Pipeline
Four projects in the 2027 allocation cycle — profiles available to CDEs and investors on request.
In development · 2027 cycle
Homeless services and healthcare campus expansion
Nebraska · Community facility · Healthcare · Severely distressed tract
PROJECT DETAILS
Description: Campus expansion combining homeless services with on-site healthcare and wraparound for women and children.
Capital Stack: NMTC QEI target ~$28M
Eligibility: Severely distressed census tract
Impact: ~600 beds; 10,000+ free clinic visits; 10,300+ people served; ~75+ jobs
Status: In development · 2027 cycle
In development · 2027 cycle
For-sale housing development
Southern California · For Sale Housing · Working Capital to OpCo · Deep Distressed Tract
PROJECT DETAILS
Description: ~30 for-sale townhomes with at least 20% of units at ≤80% AMI.
Capital Stack: NMTC QEI target ~$20M
Eligibility: NMTC-eligible low-income community
Impact: 30 for-sale homes; ≥20% ≤80% AMI homeownership; expands affordable for-sale product in coastal Southern California
Status: In development · 2027 cycle
In development · 2027 cycle
Youth behavioral health / wellness center
Sacramento · Community Facility · Healthcare Severely· Severely distressed tract
PROJECT DETAILS
Description: Purpose-built youth wellness center (~12 clinical rooms, ~6 classrooms, gym, Telehealth; ~21.6k SF).
Capital Stack: NMTC QEI target ~$14M
Eligibility: Severely distressed tract
Impact: ~800 youth served; ~17,400 visits annually
Status: In development · 2027 cycle · close Q1–Q2 2027
In development · 2027 cycle
For-sale housing development
Chicago, IL · South/West Sides · · For Sale Housing · Working Capital to OpCo · Deep Distressed Tract
PROJECT DETAILS
Description: Four active for-sale projects totaling ~126 homes across ~37 buildings on Chicago’s South and West Sides.
Capital Stack: NMTC QEI target ~$28M
Eligibility: Severely distressed NMTC tracts
Impact: ~126 for-sale homes; min. 20% of units at ≤80% AMI; expands homeownership in under-invested South/West Side tracts
Status: In development · 2027 cycle · target close 1H 2027
Project profiles available to CDEs and investors on request.
How MRC Delivers
Assess • Structure • Secure • Close
Rapid Fit — verify location and use; quick NMTC gap sizing
Bankable Plan — build sources & uses; schedule and funding map
Structure & Diligence — set up QALICB; organize documents and approvals
Allocation & Financing — prepare intake; run targeted outreach to CDEs and lenders
Close — negotiate terms; coordinate flow of funds and closing checklist
Internal Readiness
(What MRC Manages with You)
Board approvals and calendars
Budget and cash‑flow updates
Accounting setup for NMTC
Reporting templates
Construction draw procedures
Roles, responsibilities, and timelines. This operator‑lens support keeps the team aligned through the Close.
Financing is half the work. MRC stays on the project through construction as owner’s representative — draw management, budget control, and compliance to closeout. → Owner’s Representation
Where MRC Focuses
Community facilities: service hubs, clinics, education and workforce centers
Manufacturing (including modular),
Rural facilities and mixed‑use with meaningful non‑residential and residential components