On Demand

Utilizing New Markets Tax Credits to Drive Economic Development

1h 1m

Created on June 14, 2021





Low-income communities throughout the country are facing difficult economic conditions like poverty, high unemployment, and a lack of access to necessary goods and services. The New Markets Tax Credits program can help fight these challenges by incentivizing economic development and job creation in these communities.

This program will provide an introduction to the New Markets Tax Credit- Section 45D of the Internal Revenue Code.  It will discuss which projects may be eligible,  how to qualify for the credit, the benefits to the project developer, and summarize a typical new markets tax credit financing to demonstrate how the new markets tax credit acts as an economic catalyst in low-income communities.

This course will benefit tax and real estate attorneys as well as attorneys working with developers, Indian law attorneys, and other real estate and tax professionals.

Learning Objectives:

  1. Recognize projects that may qualify for New Markets Tax Credits

  2. Advise clients on how to qualify for New Markets Tax Credits

  3. Discuss the benefits of New Markets Tax Credits over conventional financing

  4. Prepare a capital stack for a New Markets Tax Credit financing

  5. Discuss how other types of subsidies work with New Markets Tax Credits to bring even greater benefit to a qualifying project

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