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Strategic Financing Services

Management Services

We provide a full suite of NMTC Management Services to CDEs, CDFIs, and community leaders, focusing on capital deployment, compliance and asset management, servicing, accounting and more.

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How Do I Stay Compliant Throughout the Lifecycle of a NMTC Project?

Receiving a New Markets Tax Credit (NMTC) allocation is a tremendous accomplishment for a Community Development Entity (CDE) or a Community Development Financial Institution (CDFI). Receiving an award is just the beginning of the journey. Some of the most challenging work to maintain that funding stems from the award’s successful deployment and the CDE’s diligent asset management and compliance practices over the term of the investment.

Becoming a trusted CDE/CDFI and securing additional NMTC awards are achieved through active and engaged contact with Qualified Active Community Low-Income Businesses (QALICBs) borrowers over the seven-year compliance period to make sure borrowers remain in compliance, are financially stable, impact data is collected and benchmarked to original projections, and all accounting and bookkeeping records are meticulously maintained.

Webinar

New Markets Tax Credit (NMTC) Program: How to Qualify

Cherry Bekaert, Evansville Regional Economic Partnership, Old National Bank, and Fort Wayne New Markets Revitalization Fund, invite you to learn how to access New Markets Tax Credits for your qualified business, community facility, manufacturing plant, or real estate development and learn why Indiana and many Midwest states have been identified as a priority within the NMTC industry.

Let Our NMTC Management Team Guide You Forward

Cherry Bekaert is one of the few firms in the industry to provide a full suite of NMTC Management Services. 

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Our New Markets Tax Credit Management Services

Capital Deployment

The NMTC Application is the guiding document that CDEs and CDFIs must follow once they have received a NMTC allocation. Our Management Services team supports the NMTC allocation process through a series of services. These activities include policies and procedures tailored to the CDE and CDFI’s application, underwriting assistance, scoring system development, pipeline management, collection of due diligence documents and community impact data, securing NMTC investors, developing CDE closing documents, and guiding the CDE through successful transaction closings.

CDE Compliance and Asset Management

Utilizing a meticulous process, our team ensures all information is accurately maintained and recorded on time and in adherence to transaction documents and the U.S. Department of the Treasury’s strict guidelines. Our team can provide compliance services to investment funds, CDEs, CDFIs, lenders, QALICBs, borrowers and investors.

Policies and Procedures (P&P)

Cherry Bekaert creates policies and procedures tailored to your organization’s needs, including:

  • Governance
  • Deployment
  • Compliance
  • Asset Management
  • Servicing

Servicing

Our team manages the billing and collection of debt service and fees as required per the transaction documents and directs and manages the transfer of funds between the transaction accounts.

Accounting and Bookkeeping

We provide accounting services, such as bookkeeping and financial statement preparation, and interact with external accounting resources on all related tax and audit issues.

Capital Deployment

The NMTC Application is the guiding document that CDEs and CDFIs must follow once they have received a NMTC allocation. Our Management Services team supports the NMTC allocation process through a series of services. These activities include policies and procedures tailored to the CDE and CDFI’s application, underwriting assistance, scoring system development, pipeline management, collection of due diligence documents and community impact data, securing NMTC investors, developing CDE closing documents, and guiding the CDE through successful transaction closings.

CDE Compliance and Asset Management

Utilizing a meticulous process, our team ensures all information is accurately maintained and recorded on time and in adherence to transaction documents and the U.S. Department of the Treasury’s strict guidelines. Our team can provide compliance services to investment funds, CDEs, CDFIs, lenders, QALICBs, borrowers and investors.

Policies and Procedures (P&P)

Cherry Bekaert creates policies and procedures tailored to your organization’s needs, including:

  • Governance
  • Deployment
  • Compliance
  • Asset Management
  • Servicing

Servicing

Our team manages the billing and collection of debt service and fees as required per the transaction documents and directs and manages the transfer of funds between the transaction accounts.

Accounting and Bookkeeping

We provide accounting services, such as bookkeeping and financial statement preparation, and interact with external accounting resources on all related tax and audit issues.

Case Study

NMTC Case Study for Byron Health Center 

The Bryon Health Center (the BHC) is the acquisition, construction and equipping of a 122,000 square foot residential health care facility to provide assisted living, memory care and skilled nursing services to those in need. Byron’s areas of expertise are dementia, mental illness, traumatic brain injury, intellectual development disability, and Huntington’s Disease.

  • NMTC Allocation: $12,500,000
  • 328 Direct Jobs Created
Read Story

Our Professionals

Connect With Us

Laurel Tinsley

Strategic Financing Services Advisory Leader

Managing Director, Cherry Bekaert Advisory LLC

Contact Our NMTC Management Team