Analysis & Commentary
Commentary on allocation dynamics, deal structure, and market realities from an independent advisory perspective.
Chad Goodall
Principal, New Markets Capital Advisors
Chad has spent 25 years in community development finance, including serving as CFO of Urban Development Fund (a CDE) with $432.5 million in federal NMTC allocation across nine rounds and as a Fund Manager at National Equity Fund (NEF/LISC). He brings deep expertise in transaction structuring, capital stack modeling, CDE coordination, and 7-year compliance management.
Permanence is the real win. Most of the rest you're reading about — AMT exemption, new investor classes, imminent yield compression — isn't actually in the statute. Here's what changed, what didn't, and what it means if you're financing a project.
Read moreNMTC eligibility has two parts — location and entity structure — and meeting both is necessary but not sufficient. Here’s how to evaluate whether your project qualifies, and why the real question is whether it’s competitive enough to attract allocation.
Read moreThe CY 2024-2025 allocation round sent an unmistakable signal about where NMTC capital is headed. Here’s what project sponsors need to know about the three-tier distress framework.
Read moreNMTC eligibility is a threshold, not a competitive advantage. A project can check every box — distressed tract, eligible business, community impact — and still not attract allocation.
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If you are evaluating whether a project is a viable NMTC candidate, we can review structure, positioning, and risk.
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