Friday, April 26, 2013

New Markets Tax Credit Allocation Awards Announced

This week, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3.5 billion in New Markets Tax Credit (NMTC) awards nationwide. 85 organizations were awarded with tax credit allocation authority under the tenth award round of the NMTC Program.

As described by the CDFI Fund, the NMTC Program permits taxpayers to receive a credit against federal income taxes for making qualified equity investments in investment vehicles known as Community Development Entities (CDEs). These CDEs offer the credits to taxable investors in exchange for stock or a capital interest in the CDE. Because the service areas of many federally qualified health centers (“FQHCs” or “health centers”) overlap these specific census tracts, health centers can often qualify to utilize NMTC investments as part of their capital financing. NMTC transactions typically provide below-market, interest-only loans during the seven year tax credit period; most transactions are also structured so that all or a portion of the original investment amount can become equity to the health center at the end of year seven—in effect, the NMTC portion of the investment does not need to be repaid.

New Markets Tax Credit investments are place-based and must be located in eligible census tracts.  To find out if a site you have in mind is eligible for this program and to connect with a CDE interested in investing in your area, contact Mark Lurtz at

For more information on how health centers can take advantage of this program and the newly available allocation, read our publication “Spotlight on Capital Resources:  New Markets Tax Credits” available on our website

Wednesday, April 10, 2013

New Markets Tax Credits Made Permanent in President’s Proposed Budget

Today, President Obama released his FY14 budget proposal detailing his federal spending priorities.  Among the many items included, the President proposed to permanently reauthorize the New Markets Tax Credit (NMTC) program at an annual amount of $5 billion. This represents another show of support for the NMTC program, which has helped many Community Health Centers generate additional equity for their projects.  

The NMTC program is slated to announce a new round of allocation credits later this month.  Contact Capital Link today to learn more about the program and how it may benefit your health center’s capital project.  For more information about the program and to learn how it works, health centers and PCAs can access Capital Link’s recently released Spotlight on Capital Resources: New Markets Tax Credits here:

Monday, April 8, 2013

Spring Webinar Series Announced!

Capital Link is continuing our series of webinars for health centers and PCAs this spring. These webinars have no charge, but participation is limited to the first 100 registrants. Register today! Contact Joe McKelvey at or 202-331-4602 with any questions.

Click here
to link to our registration form!

Behind the Sources and Uses Statement: A Simple Framework to Facilitate Capital Project Budgeting

Tuesday, May 7th, 2-3 PM EDT
Presenters: Dave Kleiber and Tony Skapinsky, Capital Link Project Consultants

Who are the People in Your Neighborhood? A Guide to Understanding (and Mapping!) Your Community
Wednesday, May 8th, 2-3 PM EDT
Presenter: Rebecca Polan, Capital Link Project Consultant
Strategic Planning
Tuesday, May 14th, 2-3 PM EDT
Presenter: Terry Glasscock, Capital Link Senior Project Consultant

For complete descriptions, visit

We hope you will join us!