RSA has been active in New Markets Tax Credits ("NMTC") since 2004. We have robust experience with a diverse mix of project types, and many of our clients' projects have benefited from additional sources of federal, state, or local subsidy capital to leverage or complement the NMTC benefit. We maintain a broad, national network of industry relationships and have earned high regard amongst Community Development Entities ("CDEs"), investors, and their legal counsel as a result of the value we provide to our clients. Since 2010, we have consulted on more than $250 million of NMTC transactions.
For qualified projects that can attract credits, NMTC financing can generally raise additional capital amounting to 20-25% of total project costs. Due to the significant benefit NMTCs can provide to a project's capitalization, the market for tax credit allocation is highly competitive. We will utilize our experience and broad network of CDE and investor relationships to source allocation and negotiate tax equity investment to drive the best outcome for our clients.
In our role as NMTC consultant, RSA: