Tuesday, May 19, 2015

New Markets Tax Credit Program Update Now Available

The New Markets Tax Credit (NMTC) Program can be a powerful financing tool for health center capital projects. Capital Link’s latest resource publication, Spotlight on Capital Resources: New Markets Tax Credit Program Update, focuses on this valuable option and is now available to health centers and PCAs on our website.

Serving as a follow up to our initial NMTC Program resource published in 2012, this publication provides new information including:
  • Why health centers should consider an NMTC transaction
  • How to qualify for the NMTC Program even if your project is located in a seemingly non-eligible census tract
  • How to “wind-up”, or realize the equity of, a NMTC transaction as it nears the end of the seven-year tax credit period

To date, Capital Link has assisted 43 health centers in obtaining over $552 million in financing for projects totaling over $669 million using NMTCs. To find out how Capital Link can help your health center capitalize on this financing option, please contact Mark Lurtz at mlurtz@caplink.org.

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