New Markets Tax Credit Investors

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September 19, 2023

by a searcher in Houston, TX, USA

Hello,

Our investment group has a commercial landscape management acquisition target under LOI in a severe distressed NMTC zone. I would like to have conversations with investors interested in the New Markets Tax Credits, and are able to invest up to $5MM of equity.

Please send me a message or reply if you would click to hav a conversation.

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commentor profile
Reply by a searcher
from Babson College in Raleigh, NC, USA
NMTC involves a lot of players, including the investor, a CDFI that administers the grant, lender, etc. All the stars have to align perfectly, which is not easy under the deadline of an LOI. Your best bet would be to find a CDFI in your state that already has committed investors: https://www.cdfifund.gov/faq , but most likely the funds have already been fully committed by now. The 2023 awards have not been announced yet, I believe.
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Reply by a searcher
from Princeton University in Los Angeles, CA, USA
You might reach out to Stonehenge Capital (https://www.stonehengecapital.com) for a conversation about the NMTC process in general and to see if the deal is a fit
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