ABCs of

The ABCs of NMTCs: An Introduction to New Markets Tax Credits September 30, 2010 Presented by Jeffrey M. Hall, Esq. and Daniel V. Madrid, Esq.

Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Road Map ,[object Object],[object Object],[object Object],[object Object]

I. BACKGROUND ,[object Object],[object Object],[object Object]

General Overview ,[object Object],[object Object]

NMTCs: What’s the big deal? ,[object Object],[object Object],[object Object]

What’s in it for the investor? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What’s in it for the developer? ,[object Object],[object Object],[object Object]

What’s in it for the lender? ,[object Object],[object Object],[object Object]

Isles Inc. ,[object Object],[object Object],[object Object],[object Object]

Isles Inc. - Mill One ,[object Object],

The Salvation Army – Camden Kroc Center ,[object Object],[object Object],[object Object]

400 Market Street Associates ,[object Object],[object Object],[object Object],[object Object]

Beneficial Bank – MacDade Darby Shopping Center ,[object Object],[object Object]

Takeaways ,[object Object],[object Object],[object Object]

III. Terminology: Understanding the Jargon ,[object Object]

A world of acronyms ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Parties that fill in the gaps ,[object Object],[object Object],[object Object]

What qualifies as a Low Income Community (“LIC”)? ,[object Object],[object Object],[object Object],[object Object]

LIC’s in Pennsylvania and New Jersey ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Qualified Active Low Income Community Business (“QALICB”) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Examples of QALICB’s ,[object Object],[object Object],[object Object],[object Object]

Prohibited businesses ,[object Object],[object Object],[object Object],[object Object],[object Object]

What is a Community Development Entity (“CDE”) ,[object Object],[object Object],[object Object]

How is a CDE established? ,[object Object],[object Object],[object Object],[object Object]

Prior Year Allocations ,[object Object],[object Object],[object Object],[object Object],[object Object]

Recent Round of Allocations ,[object Object],[object Object],[object Object],[object Object],[object Object]

Qualifications for a CDE ,[object Object],[object Object],[object Object],[object Object]

Qualified Equity Investment (“QEI”) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Qualified Low Income Community Investment (“QLICI”) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Leverage vs. Non-Leverage Structure ,[object Object],[object Object],[object Object],[object Object]

Non-Leverage Structure ,[object Object],[object Object],[object Object]

Leverage Structure ,[object Object],[object Object],[object Object],[object Object],[object Object]

How leverage loans are structured ,[object Object],[object Object],[object Object]

Example of Leverage Loan Deal Structure

What happens once the deal is closed? ,[object Object],[object Object],[object Object],[object Object],[object Object]

NMTC Recapture ,[object Object],[object Object],[object Object],[object Object]

Events triggering recapture ,[object Object],[object Object],[object Object],[object Object]

Winding Up the Transaction ,[object Object],[object Object],[object Object],[object Object]

Issues ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Counseling a client on the potential use of NMTCs ,[object Object],[object Object],[object Object],[object Object],[object Object]

Contact Information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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