Meaningful impact stems from investment in the most challenged communities, where projects require immense patience and flexible borrowing standards to ensure long-term sustainability and lasting impact for low-income residents and persons. All too often, the cost to construct facilities far outweighs traditional sources, operator experience and guarantees are absent, and/or newer technologies and social service models present cash flow challenges, but for NMTCs.
-Jeffrey Frankel, AVP – New Markets Tax Credits, St. Louis Economic Development Partnership