What We Look For - Rural Development Partners | Community Development

What We Look For

Project Location

1. Project located in a qualifying low-income rural census tract.

2. Census tract that qualifies as low-income under the NMTC program must meet one of the following factors: 

  • Median family income < 80% of the state family median income,
  • Poverty Rate > 20%,
  • Median family income < 85% of the state family median income if > 10% population outmigration during last 20 years,
  • Target population – low income persons.

3. Census tract with one or more financially distressed criteria according to the NMTC program:

  • Median family income < 60% of the state median average,
  • Poverty rate > 30%,
  • Unemployment rate > 1.5 x national average,
  • Rural.

4. Project located in CDFI targeted state:

Project Impact

1. Project that creates and/or retains significant number of jobs per million dollars of NMTC allocation.

2. Project that creates quality jobs (wage rate, benefits, advancement, etc.).

3. Project that provides employment for low-income individuals and/or low-income community residents.

4. Project that has catalytic impact beyond the current project.

5. Project that creates environmental benefits such as clean energy.

6. Project that creates social justice benefits such as a minority owned project and/or a project located in a low-income minority community

Project Viability

1. Project that has a sound business plan with good probability of economic success.

2. Project that is near implementation and ready to close on financing.

Project Need for NMTC Benefits

1. Project that cannot be completed without NMTC funding.

2. Project requiring NMTC funding to improve rate of return to meet parent company threshold rate of return.

3. Other impediment to project completion that can be removed or improved with NMTC funding.

Project Type

1. Although RDP will consider any project located in a low-income rural community, projects involved in processing, manufacturing and distribution are preferred.

2. Project that is willing to help improve the low-income rural census tract in which it is located.

3. Project needing $5 to $25 million in NMTC allocation from RDP. 

 

This institution is an equal opportunity provider.

In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability.  To file a complaint of discrimination, write to Department of Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220 or call (202) 622 1160.

 

© 2017 Rural Development Partners. All Rights Reserved. This institution is an equal opportunity provider. In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220 or call (202) 622 1160.