This blog post is a follow up to the Primer on New Markets Tax Credits. This is the second in a series of posts that seek to provide detailed information on the NMTC program and process. The Process The flow chart below  illustrates the basic uses of funds during a New Markets Tax Credits (NMTC proj … Read more

New Markets Tax Credits (NMTC) are mentioned in several other blog posts, but normally as part of a list of various development financing tools. This is the first in a series of posts that seek to provide detailed information on the NMTC program and process. Background The NMTC program was enacted b … Read more

This post is part of a series (Part I here and Part II here) on the Town of Hillsborough’s implementation of special assessment project financing. Part II mentioned the lengthy process to coordinate the thoughtful deliberation of the town’s policy. So far the series has differentiated the special as … Read more

This is the third in a series of blog posts on tools available to local governments to assist small businesses. Previous posts have covered revolving loan funds (parts I and II). A second option is a loan-loss reserve fund. What is a loan-loss reserve fund? A loan-loss reserve fund (LLRF) involves a … Read more

Program-related investments (PRIs) are a tool that many foundations use to achieve philanthropic goals and financial returns. In contrast to traditional grants, PRIs include loans, equity investments, loan guarantees, or other investments from foundations. Common program areas funded by PRIs include … Read more