As we enter the next real estate cycle, emerging markets are looking to maintain and build upon gains experienced in the last cycle. Unfortunately, the flow of private capital has receded leaving project feasibility depended on public sector support. Within eligible areas Federal, State and Local public entities provide incentives and resources such as: low cost financing, redevelopment bonds, tax-exempt bonds, tax increment financing and abatements, environmental remediation subsidies among other incentives. Many of these eligible locations also qualify for various tax credit programs such as: New Markets Tax Credits, Historic Rehabilitation Tax Credits, and Low Income Housing Tax Credits, all of which provide significant private capital enhancements for revitalization efforts. Monge Capital will assist developers to overcome the seemingly daunting hurdles necessary to access and comply with these various forms of public funding.
The Monge Capital investment strategy combines a strong background in economic development and public finance with a clear understanding on how to meet the goals of both private and public stakeholders. Once interests are aligned, the public financing process should be a necessary catalytic enhancement and not a necessary evil for developers. Monge Capital can provide both private and nonprofit developers public financing within the best investment structure to maximize economic and social impacts.
Monge Capital offers public financing solutions for project feasibility and market returns for private equity investors while meeting the public sector’s economic development goals.