Sunflower Development Group | New Market Tax Credit Consulting
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New Market Tax Credit Consulting

The New Market Tax Credit was authorized in 2000 as a bipartisan collaboration to increase capital into distressed urban and rural areas to create jobs. The NMTC can provide roughly 20% equity to a project in order to close a financing gap in eligible census tracts. Sunflower Development has considerable experience in the NMTC program and has brought over $60 million in allocation to our clients since 2015.

 

Sunflower Development has expertise in all areas of NMTCs including:

  • Project evaluation
  • Financial Structuring
  • Marketing
  • Securitization
  • Compliance
  • Syndication

SDG staff have been involved in the NMTC program for 10 years and have been involved in over $250MM in transactions. SDG understand the key determinants of successful NMTC projects and work with our clients to maximize community impact and market those projects to the right Community Development Entities (CDEs).

 

SDG has worked with many of the largest NMTC industry attorneys, accountants, investors, CDEs and lenders. As such, we understand the various fee structures that are most advantageous to a project in order to maximize the amount of equity a project receives.

 

Sunflower Community Investments, Inc.
In 2016, SDG created Sunflower Community Investments, Inc., a certified Community Development Entity by the US Treasury Department. SCI is a CDE that is certified to serve the exclusively the State of Kansas. SCI has an impressive board of community development practitioners that cover the entire state. SCI has applied for NMTCs in the 2017 award round which will be announced in late 2017 or early 2018. For information about NMTCs contact Chris Vukas at cvukas@sunflowerkc.com.