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During this web seminar, representatives of the Community First Fund will cover the “nuts & bolts” of New Market Tax Credits (NMTC) including an introduction to NMTC, how these funds are invested, how to access funding, and success stories of NMTC projects in Pennsylvania. Information will also be incorporated on funding regulations, eligible projects, hiring a qualified consultant, selecting a financial institution, and the legal and accounting perspectives a borrower needs to know. The following outline is subject to modifications.
- Definition of New Market Tax Credits
- Who are the Parties in NMTC Deals
- What organizations/institutions are involved and how do they integrate
- Review of Community First Fund NMTC structure
- What businesses/projects are eligible for financing
- Review of criteria for financing potential projects
- Sources of Funds in NMTC Deals
- NMTC Project Success Stories
- Review of NMTC projects funded by Community First Fund
Pamela Woodell, Vice President, New Market Tax Credits, joined Community First Fund in 2013. She is responsible for underwriting, structuring and monitoring all our NMTC transactions. Pam has 25 years of experience in community development, affordable housing and tax credit financing. She coordinated the deployment of $45 million in financing associated with our two NMTC allocations. She previously created and oversaw Santander Bank’s $500 million NMTC program, including the management of its community development lending program.
Pam holds a Bachelor of Arts degree from the University of Arkansas and has completed property development management training through the Pennsylvania Community Development and Finance Corporation.
Jim Buerger, Senior Vice President and Chief Lending Officer, joined Community First Fund in 2010. He directs all lending activities for the organization and is a vocal advocate for our clients in the communities we serve. Jim has over 35 years of financial services experience in Lancaster, Reading and the Lehigh Valley including positions with Fleetwood Bank and Fulton Bank. He coordinates the overall NMTC project sourcing. In his 35+ years of lending in these regions, he has overseen more than $500 million in community loans.
Jim holds a Bachelor of Arts degree in Business Administration from Franklin and Marshall College, a Master of Business Administration degree in Finance from Shippensburg University and is a graduate of the Stonier Graduate School of Banking.
This webinar is priced for participation by one individual. Additional interested parties should register separately.
Attention Certified Providers: This course is approved to provide 1.50 organizational PDUs (Finance) as explained in the Guidelines for Certification of Economic Development Organizations issued by the Pennsylvania Department of Community and Economic Development and in PEDI’s Policies and Procedures.*Note: We reserve the right to reschedule or cancel this offering. In the event of a cancellation, a refund will be provided to registrants.