NMTC question

[Community Development Banking List]

Original message from: rj.johnston@neighborhoodrecovery.org

Hello,

I have a question for list members, I'm new to the community finance
industry, have been working on an emerging CDFI for some time. I have a
customer looking to make use of NMTC, they have the investors, and a
qualified business. Is it possible to broker such a deal with another
CDFI?

--
Best Regards,

Neighborhood Recovery | building a better tomorrow

RJ D Johnston
Chief Executive Officer

Neighborhood Recovery LLC
316 W Main Street
Berryville, VA 22611

Mobile +1 703 975 1611
Fax +1 206 203 0408

http://www.neighborhoodrecovery.org ('http://www.neighborhoodrecovery.org')

The information contained in this communication is confidential and is
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[Community Development Banking List]

Original message from: 3plethora@gmail.com

*Hi Mr. Johnson,*
**
*The CDFI fund could probably answer that best. My understanding is multiple
non profits can come together and create one non profit entity directly for
NMTC use as long as the controlling entity of the non profits is clearly
defined. (who has more votes etc) Therefore since CDFIs are non profits I
believe your scenario is plausible.*
**
*Sincere Regards,*
*Lisa Kiernan;
M.S. Community Economic Development;
Harvard's Senior Executive Leadership Program*

On Mon, Oct 26, 2009 at 12:45 PM, RJ Johnston <
rj.johnston@neighborhoodrecovery.org> wrote:

Hello,

I have a question for list members, I'm new to the community finance
industry, have been working on an emerging CDFI for some time. I have a
customer looking to make use of NMTC, they have the investors, and a
qualified business. Is it possible to broker such a deal with another
CDFI?

--
Best Regards,

Neighborhood Recovery | building a better tomorrow

RJ D Johnston
Chief Executive Officer

Neighborhood Recovery LLC
316 W Main Street
Berryville, VA 22611

Mobile +1 703 975 1611
Fax +1 206 203 0408

http://www.neighborhoodrecovery.org ('http://www.neighborhoodrecovery.org')

The information contained in this communication is confidential and is
intended solely for the use of the individual or entity to whom it is
addressed. You should not copy, disclose or distribute this communication
without the authority of Neighborhood Recovery LLC. Neighborhood Recovery
LLC is neither liable for the proper and complete transmission of the
information contained in this communication nor for any delay in this
receipt. Neighborhood Recovery LLC does not guarantee that the integrity of
this communication is free of viruses, interceptions or interference.

If you are not the intended recipient of this communication please return
the communication to the sender and delete and destroy all copies.

In carrying out its engagements Neighborhood Recovery LLC applies general
terms and conditions, which contain a clause that limits its liability. A
copy of these terms and conditions is available on request.

CDB list instructions http://www.runonthebank.net/cdblist.htm ('http://www.runonthebank.net/cdblist.htm')




--
Lisa Kiernan;
M.S. Community Economic Development;
Harvard's Senior Executive Leadership Program

[Community Development Banking List]

Original message from: Terri.Preston@bakertilly.com

If the CDFI in question is an allocatee and they either checked the box for funding other CDEs or would agree to an advanced purchase loan agreement than yes it would be possible -

Terri Preston
Valued Advisor Fund
312 307 9550

From: bounce-4490877-9954843@list.cornell.edu [mailto:bounce-4490877-9954843@list.cornell.edu] On Behalf Of RJ Johnston
Sent: Monday, October 26, 2009 11:46 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: NMTC question

Hello,

I have a question for list members, I'm new to the community finance industry, have been working on an emerging CDFI for some time. I have a customer looking to make use of NMTC, they have the investors, and a qualified business. Is it possible to broker such a deal with another CDFI?

--
Best Regards,

Neighborhood Recovery | building a better tomorrow

RJ D Johnston
Chief Executive Officer

Neighborhood Recovery LLC
316 W Main Street
Berryville, VA 22611

Mobile +1 703 975 1611
Fax +1 206 203 0408

http://www.neighborhoodrecovery.org ('http://www.neighborhoodrecovery.org')

The information contained in this communication is confidential and is intended solely for the use of the individual or entity to whom it is addressed. You should not copy, disclose or distribute this communication without the authority of Neighborhood Recovery LLC. Neighborhood Recovery LLC is neither liable for the proper and complete transmission of the information contained in this communication nor for any delay in this receipt. Neighborhood Recovery LLC does not guarantee that the integrity of this communication is free of viruses, interceptions or interference.

If you are not the intended recipient of this communication please return the communication to the sender and delete and destroy all copies.

In carrying out its engagements Neighborhood Recovery LLC applies general terms and conditions, which contain a clause that limits its liability. A copy of these terms and conditions is available on request.

CDB list instructions http://www.runonthebank.net/cdblist.htm ('http://www.runonthebank.net/cdblist.htm')

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