CICD Events

Making the New Markets Tax Credit Work in Native Communities

On May 24, 2018, the Center for Indian Country Development, in partnership with the CDFI Fund and the Native CDFI Network, hosted a workshop to answer questions about how Native-led community and economic development organizations can have an increased participation in the New Markets Tax Credit (NMTC). The workshop had four key learning objectives:

  • Understand the fundamentals of the NMTC program
  • Identify ways to participate in the NMTC program
  • Become familiar with the challenges and opportunities of investing in Native Communities
  • Provide participants with valuable networking opportunities

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Agenda

Full conference agenda

Presentations

NMTC101 - The Basics [PDF]

Ways to Participate in the NMTC Program [PDF]

CDFI Fund Program Brief [PDF]

NMTC 101 - The Details [PDF]

Opportunities & Challenges of Investing in Native Areas [PDF]

Videos


NMTC101 - The Basics [YouTube] – Learn the fundamentals of the New Markets Tax Credit Program, including the background and history of the program, key terms, what is a CDE, and how New Markets Tax Credits can advance economic development your Native community.




Ways to Participate in the NMTC Program [YouTube] – Learn various ways to participate in the New Markets Tax Credit Program. This session explains how a CDE can apply for a New Market Tax Credits Allocation, the roles of a Secondary CDEs as leveraged lenders and investors.




CDFI Fund Program Brief and NMTC 101 - The Details [YouTube] – Understand the roles and responsibilities of the various parties involved in the New Markets Tax Credits Program, including the CDFI Fund, IRS, CDE, Tax Credit Investor, Leverage Debt Provider, and the Borrower. The session provides a high-level overview of what successful CDEs need to consider, and how the CDFI Fund assesses CDEs’ applications during the annual allocation round.


Opportunities & Challenges of Investing in Native Areas [YouTube] – Hear experienced Allocatees (Native and non-Native) share their experiences using New Markets Tax Credits in Native communities, including combining the tax credit with other federal and state programs. This session also includes Investors’ perspectives on using the New Markets Tax Credits in Native communities and their underwriting considerations.


Closing Remarks and Steps Forward [YouTube]









For inquiries, please send an e-mail to cicd@mpls.frb.org

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