In 2000, the federal government established the New Market Tax Credit (NMTC) to create jobs and foster investments in urban cores across the country. The program may provide between 15-20% in equity to close financing gaps in projects that support revitalization and job creation in eligible census tracts.
Sunflower Development Group has delivered more than $85 million in NMTC allocation to clients shaping their communities since 2015. We listen to our developers, understand their goals and work with their financial partners to maximize the impacts they make. We have over 10 years experience in utilizing the program and have been involved in all aspects of the NMTC process. We have worked on a variety of projects including healthcare expansion, industrial, manufacturing, mixed-use residential, hospitality, utility expansion and grocery stores.
Sunflower Development Group secured $8 million in allocation to support the new construction 40,000ft full service grocery store in a food desert in Jefferson Parish, LA.View Project