Community Development Finance Consulting
What We Do
New Markets Tax Credits Advisory
As experts in this complex program, we work alongside CDFIs, Community Development Entities (CDEs), Developers, and Project Sponsors to access, structure, close, and comply with New Markets Tax Credits. We focus on high-impact economic development projects, specializing in multi-tenant, community service-oriented community facilities and offer highly attentive consulting throughout the NMTC-financing process with the goal to derive as much benefit as possible to the project and those who are served by the project.
We have consulted on successful financings with NMTC allocation totaling over $750 million to date. Our reputation for successfully securing NMTCs, executing transactions, and providing technical assistance achieves the program’s intended purpose — to increase private investment in low-income communities.
Community Development Entity Consulting
HCC assists Community Development Entities (CDEs) with various services, including CDE certification application, NMTC application drafting and review, developing and evaluating NMTC pipeline, structuring capital financing, asset management, compliance assistance, CDFI Fund reporting, and community benefit impact evaluation.
Project Consulting
Our approach to NMTC Project Consulting is to work in lockstep with our client’s ongoing community engagement and fundraising efforts to assist in bringing the development projects through the following milestones: assemblage of the capital stack, real estate diligence, transaction closing, the construction period, ribbon cutting, and the first 12 months of operations. We take a long-term view in our engagements, typically working with our community development projects for up to four years.
Learn more about our New Markets Tax Credit Projects.
Housing and Economic Development Advisory
Hope Community Capital works with the project owner to manage all development activities associated with the design, entitlements, financing, and construction phases of affordable housing and community facility projects.
Activities may include:
- Comprehensive project management
- Site selection and management of site due diligence
- Project budget and schedule
- Create development proforma
- Financial underwriting and coordination with various project funding sources
- Evaluate building program and potential for sustainability features
- Team selection (design, GC, and development team)
- Entitlement and permit coordination
- Facilitate and engage project stakeholders in business, foundations, nonprofits, community leadership, and all levels of government
Technical Assistance
We work with public and/or private mission-driven funders to create a community development financing strategy that meets the community’s housing and economic development needs. Our approach to Technical Assistance is to help our clients clarify their goals and work to co-create an overall scope that best meets the community’s needs. We build on clients’ existing work to understand your financing needs and opportunities. Our approach leverages this work and drafts focused implementation plans around the key goals and findings.
