(This event has passed)
Date(s) - 05/23/2018
9:30 am - 12:00 pm

Citizen Engagement Laboratory (The Lab)
1330 Broadway, 3rd Floor
Oakland, CA, 94610


Workshop: New Markets Tax Credits & Other Financing Options for Community Facilities

Join NCCLF’s New Markets Tax Credit (NMTC) experts for an in-depth overview and group conversation about New Markets Tax Credit financing.

Learn how the NMTC program has provided millions in low-cost private capital to a wide array of businesses located in distressed areas throughout the United States. Closer to home, we will discuss the creative ways in which NCCLF and the City of Oakland have deployed its NMTCs to capitalize high-impact and innovative projects to spur economic development, foster the arts, 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
  • Minimum and maximum size projects. How to make your project competitive
  • The basic NMTC financial transaction and the key players, including Community Development Entities (“CDEs”) like NCCLF and Oakland Renaissance
  • How this financial structure leverages the capital raised by the business sponsor to maximize NMTC benefits to provide essential gap financing
  • Community Benefits Agreements, which measure and document the various impacts of the project
  • The key roles played by NMTC consultants and project sponsors to achieve successful financing results for high-impact projects
  • Keys to financing a successful project with NMTC financing; case studies

Featured Speakers:

  • David Wilkinson, NCCLF’s Senior Real Estate Consultant
  • Luis Rodriguez, Tax Credit Attorney, Goldfarb & Lipman LLP
  • Patrick Lane, Manager Public/Private Development, City of Oakland (Oakland Renaissance)