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ARTICLE · 12 OCTOBER 2021

Twin To Win Part II – Project Example

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In Part I, we gave you a high-level overview of how New Markets Tax Credits ("NMTC") and Historic Rehabilitation Tax Credits ("HTC") can be combined to generate significant private capital...

United StatesFinance and Banking
Jetson Hollingsworth
Jetson Hollingsworth
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In Part I, we gave you a high-level overview of how New Markets Tax Credits ("NMTC") and Historic Rehabilitation Tax Credits ("HTC") can be combined to generate significant private capital for qualified historic projects located within low-income communities. Now, let's take a look at a real-life success story of a project that utilized both NMTCs and HTCs, along with a few other state and federal grants, to complete its project.

Base Camp Coding Academy ("Base Camp"), located in the quaint, northern Mississippi town of Water Valley, is a non-profit vocational education program for under-advantaged youth that trains students to become software developers in 12 months.  The year-long program is free to students and aims to help address the private sector's shortage of high-tech skilled labor by training local youth to fill the positions.  Founded in 2015, Base Camp has graduated five classes of software developers with a 95% graduation employment rate.  Prior to

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