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NMTC Intake

Intake form for the Indy CDE New Markets Tax Credit application.

Step 1 of 16

Project Information

Project Type (select all that apply)(Required)

If you selected ‘Other,’ please briefly explain

Please provide a narrative of your proposed project. (You can supplement this section by attaching any relevant materials.) NOTE: If it is a mixed-use project, no more than 80% of its gross revenue may come from dwelling units.(Required)

Supplimental Narrative Materials

Drop files here or

Max. file size: 256 MB.

Project Specifications

Please provide the project's square footage

Total Square Footage (New Construction)(Required)

Total Square Footage (Rehabilitation)(Required)

Total Project Square Footage(Required)

Please provide the breakdown of total square footage uses

Manufacturing/Industrial

Retail

Office

Residential (Rental)

Residential (For-Sale)

Education

Healthcare

Cultural

Hospitality / Tourism

Other

Other Footage Breakdown

Third Party Tenants

Will/Do you lease space to third-party tenants?(Required)

Yes

What percentage of the space will be leased to third-party tenants?

Will the project provide space for locally-owned minority, women, veteran, or disability-owned businesses, Section 3, or nonprofit tenants?

Yes

Is there an explicit set aside for such tenants?

Yes

List of Third Party Tenants

Tenant Name

Tenant Type

Square Footage

Lease Status

Historic Rehabilitation

Does this project involve the historic rehabilitation of a historic building? If so, please briefly describe the building.

Community Benefits

The information in this section will help Indy CDE staff evaluate the project’s alignment with the City’s economic development and inclusive growth goals. Community impact benefits are tangible and measurable positive impacts on low-income communities. Indy CDE selects projects that generate diverse community impacts, including economic, social, cultural, and environmental benefits. Please answer the following questions to the best of your ability. Not all sections may be relevant to your project, so please skip any that do not align with your proposed project and stated outcomes.

Describe the commercial goods or services to Low-income Communities or Low-Income Persons the project will provide(Required)

e.g. retail, grocery store, office space, etc.

How many Low-income People will benefit from planned commercial goods or services? Explain how you computed this estimate.(Required)

Describe the community goods or services to Low-income Communities or Low-Income Persons the project will provide(Required)

e.g. access to social, educational, health care, cultural, etc.

How many Low-income People will benefit from planned community goods or services? Explain how you computed this estimate.(Required)

Social Support Outcomes

Please indicate whether your project intends to accomplish the following outcomes.

Increase access to health care or social services in a low-income community(Required)

Yes

Increase access to community goods and services in low-income communities such as arts and cultural venues, etc.(Required)

Yes

Increase access to commercial goods and services in low-income communities, such as grocery stores, pharmacies, retail, restaurants, small business space, etc.(Required)

Yes

Will your project benefit minority-owned businesses?(Required)

Yes

Based on your responses above, please describe how your project advances these objectives.(Required)

Educational Attainment Outcomes

Please indicate whether your project intends to accomplish the following outcomes

Increase access to quality K-12 education and support programming to close the opportunity gap.(Required)

Yes

Increase access to adult education with wrap-around supports and decrease adult education costs, offering a postsecondary credential, certificate, or degree that leads to a good job*.(Required)

Yes

Increase access and develop training opportunities leading to good jobs* by providing a specific skill, upskilling, in-work training, apprenticeship, or Career Technical Education.(Required)

Yes

Increase access, decrease cost, build awareness of degrees, and develop postsecondary credentials leading to good jobs* for all age groups.(Required)

Yes

Based on your responses above, please describe how your project advances these objectives. Please quantify the number of low-income people or unemployed people that will benefit from each of the activities you selected above. Explain your projections.(Required)

Economic Development Outcomes

Please indicate whether your project intends to accomplish the following outcomes

Provide equitable access to capital, technical assistance, and access to supply networks for Indianapolis business owners.(Required)

Yes

Provide technical assistance programming to businesses to create economic pathways for existing jobs, raise pay to a minimum of $18, provide health care benefits and cultural competency training, and increase business profitability.(Required)

Yes

Provide equitable access to capital for nonprofits and small businesses to complete capital projects and working capital with programs and services benefitting the Indianapolis community.(Required)

Yes

Based on your responses above, please describe how your project advances these objectives.(Required)

Project Success Criteria

Please list specific and measurable metrics that you will use to evaluate your project’s progress towards the community outcomes you identified above. In addition, please note that if your project receives a NMTC award, you will be required to complete a Community Benefits Report. These metrics will inform this report and will be tracked annually by Indy CDE to capture outcomes.(Required)

Job Creation and Retention

Please fill out the following tables with projections. The data provided will be updated during the closing process by the project sponsor and Indy CDE if the project is selected for a NMTC award.

Projected number of temporary construction jobs to be created by project(Required)

If new construction/rehabilitation jobs are created, specify the projected number of permanent jobs to be created

Full-Time

Part-Time

Projected number of jobs retained(Required)

Please describe how the above figures were estimated.

Number of employees who will/do receive a living wage ($14.03/hr.), at 1 adult standard (14.03/hr. is Living Wage)(Required)

Number of employees who will/do receive a living wage ($28.10/hr.), at 1 adult, 1 child standard(Required)

Number of employees who will/do receive pay over $18/hr. and receive health benefits(Required)

Estimated average hourly/annual wage for full-time permanent jobs(Required)

Estimated average hourly/annual wage for part-time permanent jobs(Required)

Number of employees who will/do receive employment benefits(Required)

Please describe how the above figures were estimated.

Number of PERMANENT jobs that will be targeted and/or available to low-income persons, residents of low-income communities, people with lower levels of education (High- School diploma or less), and/or people who face other barriers to employment (disabled persons, ex-offenders, etc.)(Required)

Please specify which groups will be targeted and how they will be targeted.

Number of CONSTRUCTION jobs that will be targeted and/or available to low-income persons, residents of low-income communities, people with lower levels of education (High- School diploma or less), and/or people who face other barriers to employment (longer-term unemployed, disabled persons, ex-convicts, etc.)(Required)

Please specify which groups will be targeted and how they will be targeted.

How many of the jobs created are entry-level, requiring only a high-school education or GED equivalency?(Required)

How many of the created jobs are accessible to people who face other barriers to employment (e.g., longer-term unemployed, ex-offenders, etc.)(Required)

How many of the created jobs will provide on-the-job training opportunities?(Required)

Are jobs in an Opportunity Industry*?

Yes

Please explain said jobs

Please indicate the number of promising jobs created. A Promising Job* is an entry-level job that doesn’t provide the pay or benefits of a good job* but will enable a worker to reach a good job* within ten years.(Required)

What is the nature of the anticipated jobs in terms of wages, benefits, etc.? Please do not provide average wages. Instead, give a breakdown of the number of jobs by wage category and benefits provided. Indicate if positions are full or part-time and if salaried or hourly. (Please feel free to attach a supplementary file, such as Excel)(Required)

Job Pay and Benefit Breakdown Materials

Max. file size: 256 MB.

What percentage of current employees reside in Marion County?(Required)

What percentage of new employees (hired as a direct result of this project) will reside in Marion County?(Required)

To what extent are the tenants likely to be creating new jobs rather than relocating jobs from another location?(Required)

Are relocated jobs, if any, being relocated from another low-income community? Explain.(Required)

To what extent are jobs likely to go to low-income community residents or low-income people from other areas? Explain.(Required)

Community Alignment

Please identify and describe the neighborhood where the project will be located.(Required)

Does this project align with or contribute to a community revitalization/neighborhood plan?(Required)

Yes

If so, please describe.

Does this project anchor or support a larger planned revitalization effort?(Required)

Yes

If so, please describe.

Please describe community support for this project. If available, please include any letters of support from community members or organizations for the project.(Required)

Letters of Support

Drop files here or

Accepted file types: pdf, docx, odt, rtf, txt, Max. file size: 256 MB.

Beyond the commitments described above, please describe any additional community benefits that this project will generate.(Required)

Project Finance

Please attach other project finance documents as needed (pro formas, projections, etc.)

Drop files here or

Max. file size: 256 MB.

What is the total estimated cost of the project?(Required)

What is the gap in your financing structure that NMTC could fill?(Required)

Please indicate why favorable NMTC financing is needed to generate the economic and social benefits described above.(Required)

Please explain if this is a standalone project or part of a larger project with a larger budget.(Required)

Please provide a breakdown of your estimated total project budget by category

Land/Building Acquisition

New Construction

Rehabilitation

Equipment/Installation

Working Capital

Other

If you selected ‘Other’, please explain.

If your project includes housing, what portion of your estimated project budget will support housing-related costs?(Required)

How much NMTC funding are you requesting? How will you use the requested NMTC funds?(Required)

Please list financing sources other than New Markets Tax Credits that you have secured or plan to use to finance this project.

Source

Type

Amount

Status

Primary Need for NMTC Financing(Required)

To fill a gap in the development budget

To reduce debt service in the operating pro forma

Other

If other, please define the need.

What would be the impact on the project/business if it does not receive NMTC financing?(Required)

Construction/Rehab Project Start Date (estimated date when construction or rehab can begin)(Required)

Project End Date(Required)

What is the status of site control? (If the project involves real estate acquisition)(Required)

What is the status of environmental work?(Required)

What is the status of project permits?(Required)

Are designs and renderings of the project available?(Required)

Yes

If so, designs and renderings must be reviewed by City staff before receiving a NMTC allocation.

Drop files here or

Max. file size: 256 MB.

Have you approached any other CDE about NMTC allocation?(Required)

Yes

If yes, please identify the CDE.

In no more than 2,500 words, provide a narrative describing how the project is a “critically important transaction” to the City of Indianapolis, and NMTC assistance is critical to ensure this project's completion.(Required)

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NMTC Intake

Organizational Information

Applicant Point of Contact

Project Information

Project Location

Project Specifications

Third Party Tenants

Historic Rehabilitation

Community Benefits

Social Support Outcomes

Neighborhood Development Outcomes

If your project has a residential component, please complete the fields below. Please note that to be eligible for a NMTC allocation, no more than 80% of the project’s gross revenue can come from rent proceeds.

Educational Attainment Outcomes

Economic Development Outcomes

Project Success Criteria

Job Creation and Retention

Workforce Development and Training – Respond to this question if the project provides training or is a dedicated job training program.

Graduation Data

Job Placement Data

Community Alignment

Project Finance