New Markets Tax Credits Readiness Program
Capital Fund offers a New Markets Tax Credit (NMTC) Readiness Program for health centers interested in obtaining NMTC financing for their capital projects. In our experience, all borrowers (no matter how sophisticated or inexperienced) need assistance in navigating the highly complex process of obtaining, structuring, and closing NMTC financings.
Available to health centers through a competitive application process, the New Markets Tax Credit Readiness Program, provided in partnership with our affiliate Capital Link, offers access to high-quality consulting expertise at a reduced cost, increasing the likelihood that projects will be well-planned, ready, and properly aligned with available tax credit resources when they are awarded.
The program can be tailored to individual health center needs, but typically include the following services:
- A transaction summary, detailing the proposed project and its expected community benefits
- A full business plan and seven-year financial projections
- NMTC structuring, including securing leverage debt (if needed)
- Assistance with loan closing
CURRENT PROGRAM GRANT OPPORTUNITY
As part of its commitment to expanding the number of health centers that can access NMTCs, Capital Fund will award between four and seven qualified health centers with grants of $20,000-$50,000 each to participate in Capital Link's NMTC Readiness Program.
Applications are due on Wednesday, May 30, 2018. Awardees will be announced in early June 2018.