The Role of CDEs Awarded to New Markets Tax Credits

Podcast

August 15, 2022

For more than 20 years, the New Markets Tax Credits (NMTC)  program has issued federal tax credits to community development entities (CDEs) and community development financial institutions (CDFIs). These organizations are empowered to use NMTC to support business development and investment in economically challenged communities around the country.

In the last year, less than one half of all CDEs applying for grants of credits received an award. Laurel Tinsley, Managing Director for the Firm’s New Markets Tax Credit Services, shares with Brooks and Sarah how she, and her team, work with CDEs to improve their applications and their chances of receiving credits for their communities. This discussion pairs nicely with our early podcast covering how businesses and developers can take advantage of NMTC. Understanding the mission and plans of a CDE lender can help business leaders, investors, and developers match their projects with the CDEs goals to benefit a community.

Chapter Markers

  • 2:10 – Overview New Market Tax Credit Program
  • 5:47 – Key Elements of an NMTC application
  • 8:57 – What is an NMTC award?
  • 12:40 – Why have CDE’s?
  • 16:47 – Aligning purpose, pipeline, and outcomes
  • 21:43 – Action steps to take now
  • 25:30 – Room for success and collaboration

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Laurel Tinsley

Strategic Financing Services Advisory Leader

Managing Director, Cherry Bekaert Advisory LLC

Brooks E. Nelson

Tax Services

Partner, Cherry Bekaert Advisory LLC

Sarah McGregor

Tax Services

Director, Cherry Bekaert Advisory LLC

Past Episodes

Podcast

January 18, 2024

28:37

Speakers: Laurel Tinsley, Sarah McGregor, Brooks E. Nelson

The Innovate Fund secures $50M NMTC allocation for community development. Learn about the NMTC and it's impact on low-income regions.

Podcast

February 11, 2022

22:33

Speakers: Brooks E. Nelson, Sarah McGregor

Learn how the NMTC impacts supply chain issues, how the program works, and when companies may access NMTC backed financing in our podcast.

Podcast

September 30, 2021

10:22

Speakers: Matt Brady

Listen to our podcast to learn how manufacturers can leverage New Market Tax Credits (NMTC) in to accelerate their business' growth strategy.