Dallas Development Fund New Markets Tax Credit Preliminary Project Eligibility Checklist
General Information
Sponsor Name
Phone Number
Email
Project Name
Project Description (mixed-use, TOD, commercial, community facility, industrial, operating business, etc)
Project Description
Total Development Cost (Must be at least $4 M)
Total NMTC allocation likely to be requested (note: NMTC equity is typically 20-25% of NMTC allocation)
Is the project in a NMTC eligibile tract?
Yes
No
Not sure
What Census Tract?
Will the project derive less than 80% of its gross rental income from dwelling units?
Yes
No
Not sure
Is the operation something other than a country club, golf course, massage parlor, hot tub facility, sun tan facility, race track or other gaming establishment or liquor store?
Yes
No
Not sure
Community Impact
How many new permanent FTE jobs are estimated to be created?
How many Low-Income Community Residents/ Persons is the project estimated to serve per year?
Is this project expected to have a catalytic effect on the surrounding area?
Yes
No
Not sure
Are other city funding sources being considered?
Yes
No
Not sure
If yes, which sources?
Need
Does the project require below-market debt financing due to debt coverage, interest cost, or other similar issues?
Yes
No
Not sure
Does the project have a financing gap that cannot be filled with conventional debt and equity?
Yes
No
Not sure
Readiness to Proceed and Project Viability
Are all sources of funding in place except for NMTC?
Yes
No
Not sure
Does the Project Sponsor have any prior experience with NMTC?
Yes
No
Not sure
Is it reasonable to assume the project will be in business for at least seven years?
Yes
No
Not sure
Will the project’s financing close within 12 months?
Yes
No
Not sure
Thank you!
After submission of this preliminary eligibility form, DDF staff will contact you for additional information about your project. If you have any questions, please contact
Heather Lepeska
at 214.670.1222.