By: Phil Glynn, vice president of economic development
Travois has deployed more than $200 million in New Markets Tax Credit (NMTC) allocation authority since 2006. We have done this through a combination of using our own allocation and attracting third party allocation to American Indian projects. The Community Development Financial Institutions (CDFI) Fund has announced $3.5 billion in new allocations, and Travois wants to direct as many of those funds as possible to Native communities.
If you have an Indian Country project that needs NMTCs to fill a gap, Travois can help you secure a commitment from a Community Development Entity (CDE) and investor. We provide hands-on structuring and negotiation assistance. As an experienced CDE ourselves, we know what other CDEs are looking for in transactions. This would help your project move to the top of their priority lists.
Call me at 816-994-8970 or email pglynn@travois.com, and let’s start working now to secure your project’s NMTCs.