Adaptive Reuse Topic - New Market Tax Credit

Adaptive Reuse Topic - New Market Tax Credit

YouTube Video - New Market Tax Credit (NMTC) Basic Overview

This video provides a basic outline of new market tax credits (NMTC). In the video, they cover the which agency of the federal government provides the tax credits and how they can be functionally applied.

Website - New Market Tax Credit Dallas
http://www.dallas-ecodev.org/incentives/new-markets-tax-credit/

This website reinforces some of the information that is discussed in the video and gives more specific information as it applies to the City of Dallas. On the map, they show which areas of town qualify as distressed and could potentially enroll in the program.. The Fort Worth Avenue area where I am considering relocating to is considered a distressed area of town and could potentially be eligible for this program. There is also a checklist that shows the specific criteria for consideration for City tax credits.

Case Study - Clearinghouse CDFI
http://www.frbsf.org/publications/community/review/122005/article5.pdf

This article provides a great case study of how the NMTC can actually be utilized. This firm has been successful in using these tax credits and they offer some advice in the case study of keeping the project simple, showing a track record of equity generation, and making sure the project is contributing to the local community.