Contact immediately — this is a top-tier NMTC project. The rezoning application has been filed and is in staff review. The developer needs to understand NMTC structuring before finalizing financing. Specifically, the project entity should be structured as a QALICB (Qualified Active Low-Income Community Business) from the start, which is dramatically easier and less expensive than restructuring after traditional financing closes. The planning commission hearing is estimated for mid-April, giving a 4-6 week window for initial engagement.

• Your project at 2800 W Broadway qualifies for an estimated $2.64M in New Market Tax Credit benefits — that's essentially free equity for your project.
• Grocery stores in food deserts are among the most competitive NMTC projects nationally — multiple CDEs will want to work with you.
• The severely distressed census tract (38.7% poverty) gives your project maximum priority with Community Development Entities.
• Your Opportunity Zone location allows stacking OZ + NMTC incentives for even greater financial benefit.
• The community kitchen and job training center are exactly the kind of community benefits that help secure NMTC allocation — we can help you quantify and present these effectively.
• Early NMTC structuring will save $50-100K in legal costs compared to retroactive restructuring after financing closes.