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  2. Board Of Aldermen - Minutes - 5/20/2019 - P18

Board Of Aldermen - Minutes - 5/20/2019 - P18

By dnadmin on Sun, 11/06/2022 - 22:39
Document Date
Mon, 05/20/2019 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Mon, 05/20/2019 - 00:00
Page Number
18
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__052020…

NASHUA PERFORMING ARTS CENTER — KEY ELEMENTS OF NMTC’s

NUMBER 2

The amount of the tax credit is 39% of Qualified Equity Investment
(“QEI”). So, for example:

QE! Amount: $1,000,000
Credit Amount @ 39% = $390,000

The credit can be sold to an investor in order to raise cash (equity) for
the project. Current Pricing is estimated at $.85/$1.00. Therefore:

$390,000 in credits sold at $.85 = $331,500 in equity for the project.

Page Image
Board Of Aldermen - Minutes - 5/20/2019 - P18

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