New Markets Tax Credit

On December 21, 2000, the Community Renewal Tax Relief Act of 2000 was signed into law as a result of a bipartisan initiative of President Clinton and Speaker Hastert, and key Republican and Democratic Senators and Representatives. This landmark legislation includes the New Markets Tax Credit, which will spur the investment of $15 billion in new private capital into a range of privately managed investment vehicles that make loans and equity investments in New Markets businesses.

For more information, click here

NMTC Projects

CDR is seeking a direct allocation of New Markets Tax Credits for the 2007 round of awards. We are interested in potential projects in Nebraska that might qualify for tax credits. Below are two versions of a ‘Request for Preliminary Project Summary’ form that must be completed by anyone interested in pursuing an application for tax credits from Community Development Resources:

This is an MS Word version which may be downloaded and filled out on your computer and then sent via email or printed and sent through regular mail.
MS Word version

This is an adobe pdf file which can be downloaded, printed and filled out and sent through regular mail.
Adobe version

Further instructions are included on each form.

Qualified Location

If you would like to confirm that the location of your project will qualify, you can complete the following form and then email to Mark Koller. We will respond to your inquiry as soon as possible.

Location Inquiry

New Markets Tax Credit Business Loan

The New Markets Tax Credit Business Loan offers qualifying borrowers yet another business financing option that may be the best financial choice.  Eligible borrowers can obtain loans with lower interest rates and terms up to 25 years, creating a lower monthly payment and allowing borrowers to keep more cash in their businesses.  The New Markets loan enables borrowers to expand and renovate their existing properties, buy the properties outright, or purchase additional property for business expansion.

The New Markets program helps revitalize targeted urban and rural geographic areas through the retention and creation of jobs, the renovation and expansion of vacant business properties, community facilities, and the purchase of major equipment for business expansion.

For loan guidelines, click here.

Mark A. Koller:

Mark A. Koller, Executive Director of Nebraska New Markets
Resources, LLC and Nebraska Community Capital Fund, has more than 35 years
experience in the commercial banking and business consulting fields.
Beginning as an Assistant National Bank Examiner for the Comptroller of the
Currency in 1973, Koller advanced to Commissioned National Bank Examiner in
1980.  In 1983 he left the Comptroller’s Office to join the private sector
where he held positions beginning as an Assistant Vice President, later
advancing to Vice President of several banks, including a stint as Secretary
to the Board at one of his banking posts.  He designed and implemented a
small loan fund for a CDC and has worked with businesses of all sizes on
strategic planning, financial analysis and general human resources strategy.