The new markets tax credit program helps low- and moderate-income communities improve commercial property, create jobs and enhance services for residents.  Carlisle works with organizations to leverage the power of the new markets program through application strategy and assistance, as well as transaction structuring.

Clients

1. ✦Community Development Entities
   

2. ✦Real Estate Developers
   

3. ✦Economic Development Agencies
   

4. ✦Banks and Other Financial Institutions
   

5. ✦Not-for-profit Organizations
   

6. ✦Investors and Leveraged Lenders
   

Services

1. ✦Developing strategies for enhancing community development benefits and transaction profiles
   

2. ✦Writing and managing the process for applying to the US Treasury Department for new markets credit authority
   

3. ✦Structuring ownership and economic participation among parties
   

4. ✦Analyzing potential financial/tax benefits and risks and developing solutions
   

5. ✦Developing financial pro formas
   

6. ✦Assessing economic return and pricing
   

7. ✦Negotiating with equity investors and other capital sources
   

8. ✦Understanding and utilizing state new markets tax credit programs
   

Representative Transactions and Engagements

1. ✦Financial Services Company - We assisted three separate community development entities affiliated with financial services organizations in submitting their new markets applications, including developing an application strategy to maximize community impact, research and analyze past performance data for the application, and draft the application
   

2. ✦Architectural Firm - We assisted the client in researching and selecting a community development entity, structuring the financial transaction and closing the investment.
   

3. ✦Medical Device Manufacturer - We assisted the client in researching and selecting a community development entity, structuring the financial transaction and closing the investment.
   

4. ✦Commercial Real Estate Developer - We assisted the client in combining new markets and historic rehabilitation credits through transaction structuring, negotiating and closing the investment. 
   

For more information

1. ✦Eric H. Darling, Partner
   

2. ✦Lisa Lyons, Principal
   

3. ✦Roshni Wood, Principal
   

Resources

1. ✦Affirmative Investments
   

2. ✦Community Development Financial Institutions Fund
   

3. ✦New Markets Tax Credit Coalition