New Markets Tax Credit – Investment
Atwater is licensed as a Community Development Entity (CDE) by the U.S. Department of Treasury CDFI Fund. This designation allows the firm to apply for New Markets Tax Credit allocation when available. The firm is a previous recipient of $45 million in tax credit allocation. Atwater is among the few CDE’s nationally to be a minority-controlled entity. The Atwater CDE finances quality real estate developments in low-income and underserved communities nationally. The Atwater CDE invests in mixed-use (commercial, retail and community-benefit) transactions that are the highest priority for low-income communities. Atwater uses its NMTC allocation to offer debt at deeply discounted rates in order to fill gaps in project financing