What do New Markets Tax Credits ( NMTC )
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mean to a qualifying project? Here are a few thoughts: (i) a
project, which has acquired traditional debt, invested its own
equity, and secured additional incentives, but still falls short of
its total financing needs, can make up the gap by
accepting a capital injection that does not require repayment; (ii)
the opportunity to gain access to non-conventional financing, with
lower than market fixed interest rates, higher loan-to-value ratio
and lower debt service coverage, with seven years of interest-only
payments; and (iii) low cost capital for impactful projects that
benefit economically distressed communities which can provide a