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New Market Tax Credits

Spencer Fane Tax Credit attorneys work with investors, lenders, and community development entities to structure and close transactions utilizing the New Market Tax Credit (NMTC) program, helping to encourage investment for projects in undercapitalized areas designated as low-income census tracts where it has been historically difficult to secure funding in the general marketplace.

We have been involved with the NMTC since the program’s inception, and our firm has dedicated tax credit attorneys working solely in these types of transactions. Our team is connected with Community Development Entities, Community Development Financial Institutions, developers, and investors nationwide. Through our experience and connections, we anticipate potential issues related to NMTC projects and resolve them or leverage our vast network to quickly find answers. We prioritize responsiveness in helping clients work through these complex deals, and because our attorneys are intimately familiar with these complicated and technical transactions, we work efficiently with a focus on reducing costs and maximizing the client’s investment.

Our attorneys work with clients to protect the interests of the stakeholders in NMTC projects. A prime value Spencer Fane brings to these transactions is identifying and minimizing possible risk and navigating the complicated landscape of federal tax credits to take advantage of the most beneficial opportunities from a tax and investment standpoint. We help lenders properly document adequate collateral to secure loans, and for developers, our team combs through financial agreements to secure the most favorable terms, including the ability to combine the NMTC with other applicable and available tax credit opportunities.