Archived Webinar: Accessing New Markets Tax Credits for Community Facilities
Join Hope Community Capital, Forward Community Investments, Tri City National Bank, and Notre Dame School of Milwaukee to learn how to successfully access New Markets Tax Credits (NMTC) for your community facility project. The webinar will provide participants with an overview of whether and how NMTC is a possible source of project financing/funding for their community facility. Executive Directors, Board Members, Chief Financial Officers and Development Directors of nonprofits engaged in the development or expansion of a community facility will benefit most from this webinar. Note: Although this particular webinar is focused on a Wisconsin project the tips and ideas are applicable to any nonprofit across the nation considering NMTC as a source of financing/funding for its community facility project.
What we covered:
- Overview of NMTC;
- Project eligibility: location of project, type of project being financed, timing of project;
- Tips on accessing NMTC for nonprofit organizations engaged in the construction or expansion of community facilities (school, health clinic, community center, food pantry, single-family housing, arts centers, etc.);
- The benefits of NMTC as a source of project funding;
- Notre Dame School of Milwaukee will share its experience in using $7M in NMTC for the expansion of its school;
- Forward Community Investments will discuss its NMTC program and how WI nonprofits can access it;
- Tri City National Bank will discuss its role as an investor in the NMTC program.
About the panelists:
Carrie Sanders, CEO, Hope Community Capital: Hope Community Capital (HCC) provides advisory services to organizations seeking NMTC for the development of community facilities. HCC helps nonprofit organizations identify eligible projects and assists securing, structuring and closing NMTC allocation. Prior to forming Hope Community Capital LLC, Carrie was the Director of Lending for Forward Community Investments and a senior consultant for Baker Tilly Virchow Krause, LLP. Carrie is currently faculty at Edgewood College’s Social Innovation & Sustainability Leadership Graduate Program where she lectures on topics of community development and social innovation. Carrie has been integral to the closing more than $300 million in New Markets Tax Credits transactions, nationwide. Learn more about Hope Community Capital at: www.hopecommunitycapital.com
Ivan Gamboa, Senior VP – Commercial Lending, Tri City National Bank: Ivan serves as a Senior VP at Tri City National Bank in Oak Creek, Wisconsin where he leads the bank’s community development lending activities, including Tri City’s portfolio of NMTC investments. Ivan was reappointed as Chairman of the Board for the Wisconsin Housing and Economic Development Authority (WHEDA) in April of 2019. Ivan also serves as Board President of the Harbor District, Inc. in Milwaukee, Wisconsin and is the Board Chair of Carmen High School of Science and Technology. He previously served as a Board Member on the City of Milwaukee Plan Commission. Learn more about Tri City National Bank at: www.tcnb.com
Patrick Landry, President, Notre Dame School of Milwaukee: In late 2019, NDSM closed on a $7M NMTC transaction for the expansion of its 1905 campus with new facilities and improved services to serve students in their co-ed primary school and boys middle school. Prior to joining NDSM, Patrick served as Principal of Maternity BVM School and as an Assistant Principal and middle school science teacher at St. Gall School in Chicago.. A Milwaukee native, Patrick earned his Bachelor of Arts from Marquette University, a Masters of Science in Elementary Education from Northwestern University and Master of Arts in Educational Administration from the University of Notre Dame. Before Patrick moved into the President role at NDSM, he served the school as Head Principal for two years. Notre Dame School of Milwaukee is a Catholic school sponsored by the School Sisters of Notre Dame. Following in the Christian tradition, Notre Dame fosters respect, responsibility, and sharing of personal talents while preparing students for admittance to a college preparatory high school. In an English and Spanish bi-literate setting, emphasis is placed on leadership skills, critical thinking, and social justice while empowering students to make positive contributions to society. Learn more about NDSM at www.notredamemke.org
Tracy Hubbard, Chief Operations Officer, Forward Community Investments: Tracy steps forward fearlessly by building trust with FCI’s board of directors, investors, funders and donors via critical financial information and oversight that provides them with the assurances they need to continue investing critical time, talent and financial resources into FCI. Tracy leads FCI’s successful NMTC program. FCI is a three-time recipient of $75 million of NMTC; working with other NMTC allocatees and investors, FCI has funded community facility projects in urban and rural Wisconsin aligned with the organization’s mission to invest in, connect with, and advise organizations and initiatives that reduce social, racial, and economic disparities in Wisconsin communities. FCI offers financial products and development services to projects that expand and improve affordable housing, access to early childhood education, workforce training, and health services while stabilizing and revitalizing at-risk neighborhoods by enhancing individual economic self-sufficiency. Learn more about FCI at www.forwardci.org
Archived Webinar: Raising Capital in Uncertain Times, May 28, 2020,
Find a recording of the webinar here.
On May 28th, 2020 Hope Community Capital, Amanda White Consulting, and the Madison Community Foundation presented a webinar on strategies to make progress on your capital raising goals during uncertain times. We be covered tips and recommendations for how to navigate various types of funding opportunities and conversations during this unprecedented, challenging time. We discussed operating budgets and capital campaigns, creative ways to engage funders, and emphasized the importance of continuing to move projects (and funding) forward during uncertain times.
Amanda White has been working to advance mission-based small businesses and nonprofits in Madison for nearly 20 years. Since beginning her nonprofit consulting business 7 years ago, Amanda has worked with nearly 30 local organizations to help build their capacity for doing good in our community. Amanda focuses on capital campaign management, annual/major giving, and creative messaging to assist nonprofits of all sizes in achieving their funding goals. During both good and difficult times, Amanda works hard to make the fundraising experience successful, positive, and even fun. Learn more about Amanda at AmandaWhiteConsulting.com.
Carrie Sanders is the Founder of Hope Community Capital, a national consultancy based in Madison, WI. Carrie works on behalf of her clients to raise diverse sources of public and private financing to bring high-impact projects to fruition, even in uncertain times when the financial markets are volatile and nonprofit revenue sources are shifting. Carrie is a founding board member of the Jubilee Impact Fund, a national impact investing fund which connects investors and social enterprises sharing the goals and values of Christian community development. Carrie is on faculty at Edgewood College in the Social Innovation & Sustainability Leadership Graduate Program where she teaches on topics of community development and social entrepreneurship. Learn more about Carrie at hopecommunitycapital.com
Tom Linfield is the Vice President of Community Impact at Madison Community Foundation (MCF). At MCF since 2004, Tom has more than 25 years of experience in the non-profit world, focusing on arts, higher education, public television and community grantmaking and grantwriting. In his current role, he coordinates all competitive and field of interest grantmaking, offers capacity building, counsel and facilitation to non-profits, and serves on the leadership team for the Foundation. Previous roles include Training and Grants Director for the National Center for Outreach, Grants Manager for Wisconsin Public Television, and Foundation/Government Relations Manager for Edgewood College. Tom co-chairs the national community foundation Program Officer’s Network (ProNet) and serves on the conference committees of Wisconsin Philanthropy Network and CFUnited 2020. His board service has included the Bolz School of Arts Administration at the UW-Madison, Leadership Greater Madison Alumni Association, The Evjue Foundation, The Henry Vilas Zoo, and Operation Fresh Start. He is a fellow of The Funders Network PLACES program. Tom is fluent in French and German and is a practicing fine artist, exhibiting his sculpture, mosaics and drawings regularly. An active educator, Tom has presented on a wide array of topics and regularly provides grantsmanship workshops. Learn more about the Madison Community Foundation at madisongives.org