Successfully launching a Community Development Entity (CDE) to address the economic development goals of your organization can be challenging. Affirmative Investments has leveraged its experience with its CDE in order to assist other organizations launch and manage their own.
Our services include:
- Defining the CDE's Strategy and Objectives
- Referring NMTC legal counsel and assisting with the legal formation of the CDE
- Writing the NMTC Application
- Identifying and structuring deals
- Engaging investors and lenders to facilitate other project financing
- Managing the CDE's closing process on the CDE's behalf
Affirmative is proud to serve as the CDE Adviser to Pittsburgh Urban Initiatives (PUI), the CDE Controlled by the City of Pittsburgh's Urban Redevelopment Authority, and CHEFA CDC, the CDE Controlled by the Connecticut Health and Education Facilities Authority. Since 2010, AI has authored PUI's Applications and assisted identifying, evaluating, and closing on PUI's NMTC transactions. For more information about PUI, go to https://www.ura.org/pages/pittsburgh-urban-initiatives or read their annual report. Affirmative is advising the Connecticut Health and Education Facilities Authority to launch its CDE and apply for its first round of NMTC Allocation in Spring of 2019.
For more information on how we can help you, contact Dave Scheltz, New Market Tax Credit Project Manager, at 617-367-4300 or firstname.lastname@example.org.