New Markets Tax Credits

Leveraging its direct New Markets Tax Credit (NMTC) investment experience, UFA provides NMTC advisory services to investors and project sponsors, including financial institutions, nonprofits, governmental organizations and developers.

UFA helps clients seeking NMTCs with:

• Sourcing and identifying eligible projects
• Sourcing and securing NMTC allocation
• Structuring and underwriting NMTC investments
• Sourcing and securing non-tax credit equity and debt
• Negotiating and closing NMTC investments, including oversight and management of all legal and accounting aspects
• Overseeing and managing bank accounts, fund flows, construction draw processes, disbursements, payments and distributions
• Preparing community impacts analyses and reports
• Preparing financial statements, filing tax returns, overseeing accountants and lawyers, and managing administrative functions
• Providing financial and performance reports, including:

– financial statements for each project,
– tax information,
– financial projections,
– transaction documents and
– compliance information

For community development entities and project sponsors, we offer the following:

• Assisting with the preparation of NMTC allocation applications
• Structuring transactions
• Syndicating tax credits
• Sourcing non-tax credit equity and debit
• Providing regulatory compliance, asset management and investor reporting services
• Preparing community impacts analyses and reports