Tax Credit Lending

an entrebank specialty

A specialty for EntreBank, we’ve got the pedigree and the know-how to finance your New Market Tax Credit, Historic Tax Credit, Low Income Housing Tax Credit, or Solar Tax Credit project.

New Market Tax Credit (NMTC) Lending

If you are working on the purchase or rehabilitation of a project that is in a low income or distressed census track, you might qualify for New Market Tax Credits to help finance your project. This program was created to encourage investment in blighted and distressed areas throughout the Twin Cities, greater Minnesota and nationally.

Historic Tax Credit (HTC) Lending

The Historic Tax Credit program was created by congress to promote and encourage the preservation and rehabilitation of historic buildings. Without this program, many historically designated buildings would be taken down and demolished for new.

The Federal Government has created a 20% Federal Credit that can also be paired up with a State Tax Credit (in most cases) to create equity to promote the rehab of historic buildings. Reach out today if you are working on a project for which you’re applying for historic designation, or if a building has already received it, and you’d like to discuss financing options.

Low-Income Housing Tax Credit (LIHTC) Lending

The Low-Income Tax Credit was created under the Tax Reform Act of 1986 (Section 42) with the goal of promoting the acquisition, construction and rehabilitation of affordable rental housing. Today, LIHTC accounts for the majority of all newly created affordable rental housing in the US. If you are looking to finance the acquisition, construction, or rehabilitation of a LIHTC project (using 4% or 9% credits), we welcome the opportunity to talk with you.

Solar Tax Credit Lending

To promote renewable energy alternatives, the federal government created the Solar Tax Credit in 2005. This tax credit (currently at 26%) has been used to promote the use of solar and renewable energy. Whether you are putting in a ground mount solar farm or panels across the top of your building, we have specific expertise that will add value to your financing process.

Kind Words from Clients

It was apparent I was working with a "partner."

I had the privilege of working with Todd Hovland on the historic, development of both the Keg and Case Market and the historic Rathskeller building. In my experience, Todd exemplifies what one would hope for in a banking relationship. He genuinely advocates for the furtherance of his client’s goals, dreams, and objectives and is creative on how to best achieve them. At the onset of the projects, it was apparent that I was working with a “partner” and that attitude, and character remained consistent throughout our work together.

an entrebank specialty