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Smith NMTC Associates, LLC, combines the experience and expertise of 4 attorneys, an MBA and two CPAs, all specializing in various aspects of New Markets Tax Credit transactions, to implement the unique and successful multi-QALICB model created by co-founders Howard and Donna Smith. The Smith NMTC Model streamlines NMTC transactions, resulting in lower costs, shorter closing times and simpler processes. Smith also provides a QALICB (Qualified Active Low-Income Community Business) NMTC recapture guaranty for many of the nonprofit entities with whom they work. Smith offers Financial Counseling and Other Services (FCOS) to support the borrowers, to ensure that NMTC requirements continue to be met, to provide comfort to nonprofit boards, and to manage its risk.
