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PROJECT FINANCING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM


Location
Missouri
Publication Date
06/11/2019 08:04 AM EDT
Closing Date
07/02/2019 05:00 PM EDT
Issuing Organization
City of St. Louis
Solicitation Number
Description

Specifications include, but are not limited to: The St. Louis Development Corporation (“SLDC”), a Round 15 New Markets Tax Credit allocatee, hereby requests proposals from firms wishing to receive project financing from SLDC’s New Markets Tax Credit allocation. Proposals from developers and businesses will be evaluated by SLDC staff and its consultants using the following criteria among others: Meets NMTC Program requirements Meets the term of SLDC’s Allocation Agreement Needs NMTC financing and equity in order to complete the proposed project Be in a position to close on a timely basis Relevant experience and financial capacity of the proposed development team Economic benefit expected from the proposed development Schedule for completion Proposed type of development, including amount of square footage, number of new units, etc. Number and quality of full time permanent jobs to be created and the anticipated staffing schedule Total amount of investment (buildings and infrastructure) proposed Financial feasibility of the proposed development Level of other City incentives that may be sought Degree to which proposed development will stimulate/support development of adjacent properties Impact on the surrounding neighborhood and businesses

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