Targeted populations transactions offer a powerful, but often misunderstood, pathway to qualify for New Markets Tax Credits (NMTCs). These deals can unlock financing for projects that serve or employ low-income individuals, even when they fall outside traditional geographic eligibility. However, they also introduce unique compliance challenges and require strategic planning to execute successfully.

In this episode of Cherry Bekaert’s Tax Services Podcast, Jason Callaham and Joe Hennessee, Senior Managers in the Strategic Financing Services group, break down the essentials of targeted populations within the NMTC program. They explore:

• What targeted populations are and why they matter
• Common misconceptions and compliance hurdles
• Practical strategies for structuring competitive transactions
• Real-world lessons from a recent youth services project in Alaska

Whether you’re a nonprofit, business sponsor or investor, this conversation offers actionable insights to help you leverage targeted populations effectively and deliver meaningful community impact.

New Markets Tax Credits (NMTCs) continue to be a transformative tool for driving economic development and revitalization in underserved communities. With the recent passage of legislation making the NMTC program permanent beginning January 1, 2026, organizations now have long-term certainty to plan and invest in impactful projects.

In this episode of Cherry Bekaert’s Tax Services Podcast, Laurel Tinsley, Strategic Financing Services Leader, speaks with Emma Wyatt, Chief Operating Officer of The Innovate Fund, about how NMTCs are being leveraged to create meaningful outcomes across a six-state service area. The conversation explores how The Innovate Fund identifies and structures projects that generate quality jobs, improve health and wellness, and align with long-term community goals.

Discover how Cherry Bekaert's Strategic Financing Services team and the Innovate Fund are working together to strengthen local economies and support sustainable growth.

New Markets Tax Credits (NMTCs) are a powerful tool for driving economic development and expanding services in underserved communities. In this episode of Cherry Bekaert’s Tax Services Podcast, Trevor Nelson, Manager with the Strategic Financing Services team, speaks with Catriona Carlisle, Executive Director of Meals on Wheels of Greenville, about how NMTCs supported a major facility expansion.

The conversation highlights the key phases of a successful NMTC closing, from project planning through compliance. It also demonstrates how Cherry Bekaert’s Strategic Financing Services team supports clients throughout the NMTC process, helping unlock funding and enhance community impact.

Listeners will gain practical insights on aligning with community development goals, managing documentation and compliance while keeping stakeholders informed. This client testimonial emphasizes the importance of preparation, strong partnerships, and long-term planning in delivering meaningful, lasting change.