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Underwriting Requirements

Oklahoma CityNMR will give priority to projects which are considered priorities for economic development by the City of Oklahoma City or the City of Tulsa, show promise of exceptional community benefits for residents of the low income community, and are expected to have a catalytic impact on further investment in the surrounding area.

Projects proposed for NMTC financing will be underwritten by NMR's staff for market demand, economic feasibility, timetable, community impact, and experience and capability of the development team.

Every project will be required to meet the following conditions:

Not Otherwise Feasible
In order to qualify for NMTC financing from NMR, a project sponsor must demonstrate, to the satisfaction of the NMR Board, that the proposed project would not be feasible without the use of New Markets Tax Credits.

Community Impact
In addition, the project sponsor must demonstrate that the proposed project will have a catalytic impact on the economic development of the surrounding low income community. This impact may be shown in some or all of the following ways:

  • Creation of new jobs for low income persons or residents of the low income community.
  • Increasing wages or incomes for low income persons or residents of the low income community
  • Assisting businesses owned by residents or committed to remain in the low income community
  • Assisting minority or women owned businesses
  • Providing healthcare benefits to low income persons or residents of the low income community
  • Financing wealth creation or asset accumulation by low income persons or residents of the low income community
  • Providing goods and services to low income persons or residents of the low income community
  • Increasing the tax base and tax revenues


New Markets Redevelopment, LLC
5801 N. Broadway Extension, Suite 120
Oklahoma City, Oklahoma 73118
405.842.0100, Fax 405.848.8248