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Event Details
Description
New Market Tax Credits (NMTC's) is a financing option for community developers to develop facilities and create economic development opportunities in low income communities. They can be used to leverage grants and the value of donated property to fill financing gaps. This workshop will outline how NMTC financing is used to leverage funding. Examples provided at the workshop will look at projects that need to generate 10 - 20% of their development budget to fill a funding gap.
The workshop is a great choice for nonprofits that want an overview of how NMTC's can be a financial tool to renovate existing facilities or fill the final funding gap in a facility development budget.
Presenters:
Joshua Simon is Director of Consulting for the Northern California Community Loan Fund (NCCLF)
Peggy Jen is a Senior Program Officer for the Local Initiatives Support Corporation (LISC)
This workshop is a collaboration of Local Initiatives Support Corporation (LISC) and the Northern California Community Loan Fund (NCCLF) consulting program for nonprofit facilities. Both NCCLF and LISC have received allocations of NMTC's and will discuss the types of projects they are interested in funding.
When & Where
Pacific National Bank Conference Room
345 California Street, 6th Floor
San Francisco,
CA 94104
Tuesday, February 23, 2010 from 9:30 AM to 12:00 PM (PT)
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Hosted By
Northern California Community Loan Fund
The
Northern California Community Loan Fund promotes economic justice and
alleviates poverty by increasing the financial resilience and sustainability of
community-based nonprofits and enterprises.
Through flexible financial products and sound
advice, we create opportunities to make socially responsible investments that
revitalize Northern California communities.
