Why would an agency use a consultant to complete an NMTC transaction?
• A NMTC transaction is extremely complex – in terms of navigating the process of getting ready for a transaction, obtaining an allocation and managing the actual legal, banking and accounting aspects of completing a transaction. Also, the process of obtaining an allocation and finding investors is extremely competitive and requires special knowledge, contacts and skills that a consultant will provide. In addition, a consultant will generally maximize the financial benefit of a transaction. Completing a transaction can also be extremely time-consuming to an agency’s executive management and board of directors — and a consultant will minimize the time and energy spent in understanding and navigating a NMTC transaction. By using a consultant, the agency can attend to day-to-day operations, as well as focus on managing the capital campaign that is generally associated with a capital project.
