New Markets Tax Credits:
February 23, 2010 | San Francisco, CA
New Market Tax Credits (NMTC's) is a financing option for community developers to develop facilities and create economic development opportunities in low income communities. They can be used to leverage grants and the value of donated property to fill financing gaps. This workshop will outline how NMTC financing is used to leverage funding. Examples provided at the workshop will look at projects that need to generate 10 – 20% of their development budget to fill a funding gap.
The workshop is a great choice for nonprofits that want an overview of how NMTC’s can be a financial tool to renovate existing facilities or fill the final funding gap in a facility development budget.
Joshua Simon is Director of Consulting for the Northern California Community Loan Fund (NCCLF)
Peggy Jen is a Senior Program Officer for the Local Initiatives Support Corporation (LISC)
Where: Pacific National Bank Conference Room
Time: 9:30 – 12:00
This workshop is a collaboration of Local Initiatives Support Corporation (LISC) and the Northern California Community Loan Fund (NCCLF) consulting program for nonprofit facilities. Both NCCLF and LISC have received allocations of NMTC's and will discuss the types of projects they are interested in funding.
If you have space or need space to lease, list it for free on ORGspaces.org!