PeopleFund will provide significant financial support to exceptional qualified applicants through its allocation of New Markets Tax Credits (“NMTC”). This form will be used to determine if an applicant:
- Meets NMTC program requirements
- Meets the terms of PF’s Allocation Agreement
- Needs advantageous NMTC financing to generate community impact
- Would be unable to finance the proposed business without the benefit of a NMTC allocation
- Requires the benefit of a NMTC allocation within the range considered appropriate by TPDC
Proposals which satisfy the basic criteria will then be evaluated more thoroughly by PepoleFund staff. Additional due diligence information may be required to confirm assertions made in the proposal application. Additional information including, but not limited to, a developed budget and development team resumes may be requested, as well as conversations with the sponsor and/or developer.
Submit a list and copies (when appropriate) of sources utilized to complete this application with accurate and detailed information.
Please provide as much information as possible. Greater detail will result in a better application. You may attach supplemental files; however, the inclusion of other documents should be in addition to completing the following form, rather than in the place of filling out all sections.
If you have any questions, please contact Gustavo Lasala at 512-222-1002. Email inquiries may be sent to [email protected].
Email: [email protected]