Ms. Tammy Propst, President of Tax Advantage Group since its founding in 2004, spoke to the Public-Private Partnership class about New Market Tax Credits (NMTC).
Ms. Propst has advised public and private organizations on the formation of CDEs, successfully authored New Market Tax Credit Applications totaling $520 million in funding, and advised both CDEs and borrowers in over $239.2 million of successful closings. She is part of the team that created Greenville New Markets Opportunity, (GNMO) LLC, the first allocated Community Development Entity (CDE) in South Carolina and became its Operating Officer, deploying $89 million of below-market capital to stimulate job creation and investment in Greenville’s low-income communities. She used local and national examples to describe how the program operates.