New Market Tax Credits

Attorneys with the affordable housing and community development practice group at The Banks Law Firm (“TBLF”) have assisted clients to effectively utilize New Market Tax Credits (“NMTC”) to generate economic activity in eligible low-income communities since the initial implementation of the NMTC program. TBLF has assisted our clients to use the NMTC program to benefit low-income communities by generating significant capital investments and creating substantial community benefits, including the creation of hundreds of high-quality jobs, and the expansion of needed goods and services, including in the educational, health care, healthy food, and community services sectors. TBLF represents the full range of industry participants, including investors, Allocatees, and QALICBs, with a focus on long-term partnerships, strategic counsel, and efficient transaction planning and execution.