New Market Tax Credits

Anderson Partners LLC provides comprehensive legal services in the rapidly growing and complex area of New Markets Tax Credits (NMTC). The new markets tax credit can help finance commercial, industrial, retail, mixed-use and other real estate developments, historic rehabilitations, and loans to small businesses in low-income communities.  We assists clients in combining New Markets Tax Credits with other sources of financing, including Historic Tax Credits, HUD Section 108 funds, Community Development Block Grant funds, state historic and brownfields tax credits, federal government agency loan guarantees, grants, and conventional financing.

Our attorneys and professionals have built a strong reputation developing and educating financial institutions, state and local economic development professionals, and various urban enterprise zone associations regarding the benefits to the Federal New Markets Tax Credit Financing Program. We understand the vast legal, tax, and business make-up of those seeking to earn NMTCs.

Our New Markets Tax Credit practice spans a broad range of specialty assistance representing:

  • Commercial Banks and Financial Institutions

  • Corporate Entities

  • Real Estate Lenders

  • Historic Tax Credit Developers

  • Investors

  • Syndicators

  • CDCs, SSBICs, and CDFIs

  • Not-for-Profit Organizations

  • States, Counties, Cities and Towns

The NMTC program permits developers and lenders choosing to make equity investments in certain community development projects to claim tax credits equivalent to 39 percent of their investments over seven years. We assist investors in analyzing and resolving the tax and structuring issues involved in obtaining NMTCs. Our vast experience means that we can efficiently assist clients without reinventing the wheel.

Our services include:

  • New Market Tax Credit Application Assistance

  • Negotiation and Execution of Allocation Agreements

  • Structuring, Negotiating and Coordinating Transactions Closings

  • Community Development Entity (CDE) Certifications

  • Compliance

  • Risk Assessment

  • Qualification

  • Investment Protection

  • Combining NMTC with other Federal, State and local incentives