New Markets Tax Credits

Testimonials

Client satisfaction is paramount in our support of many leading organizations involved in the New Markets Tax Credit Program. Here is what some of our clients are saying about the work we do, and the relationships we have developed with them.

"As a substantial CDE with $300 million in allocation but a small staff, we would be unable to close deals at a record pace and maintain a strong and rigorous reporting and compliance infrastructure without our partnership with the Reznick Group. Combining deep industry knowledge and stellar customer service, we consider them an invaluable member of our team."

Marie Bibbs
President and CEO
City First New Markets Fund II, LLC

"I have to say that working with the Reznick Group at all levels is such a positive experience – from running projections and treating you like a team player, doing annual audits and tax work in an efficient and friendly manner and working with us on a whole range of compliance issues. The Reznick people are professional, creative and helpful. Always willing to think about problems from the client point of view.

We work on fairly complicated projects and the Reznick people always approach a set of problems as a shared set of problems. A terrific blend of professional and friendly at the same time."

David Ennis
President
Affirmative Investments, Inc.

"One of the best choices I have made is the selection of the Reznick Group for professional services. Outside of the knowledge and professionalism there is a value added benefit from the responsiveness and patience of each representative we have worked with. This has been the treatment we have received from all levels of Reznick personnel, no matter the stature within the organization.

After receiving an Allocation of NMTC, we began the process of ensuring a sufficient and specific platform was established for its compliance nuances. The Reznick Group not only provided the training needed but also assisted with preparing the appropriate policies adopted and has consistently been available to consult on the complex issues.

Advisory services for tax as well as audit services have always been handled in a thorough manner with limited intrusion. In addition, the flexibility to meet our specific needs has been nothing short of spectacular and always courteous.

Thank you for all that you have done and the ongoing guidance we can rely upon".

Bruce Bryant
Senior Vice President
New Market Tax Credit Team Leader
Fifth Third CDC

 

"The principals in the Reznick Group provide far more than the fundamentals and the accounting projections to a transaction; they are critical in structuring and developing the financial model which is relied upon by all the parties and their respective attorneys…… plus excellent compliance capacity. I trust their judgment and rely on their advice regarding the financial assumptions in a deal".

Michael I. Sanders
Partner
Blank Rome LLP

 

"When I think of what Reznick Group offers, the word that most often comes to mind is responsiveness. We can always count on the Reznick team to be ready to step in with timely and thoughtful input that's right on the mark."

David Hays
Chief Financial Officer
CEI Capital Management LLC

 

"Our CDE was a first time recipient of NMTCs in 2009. We wanted to be certain we established correct accounting procedures, adhered to the audit and compliance guidelines of the CDFI Fund, and be certain our governing board received the proper consultation in the financial reporting of our CDE activities. Reznick was responsive to our needs, quickly returned our request for training and operating guidelines, and became a valued partner in our CDE putting NMTCs to proper use".

Ed Gray III
Executive Director
Capital Trust Agency CDE LLC

"We have been very pleased to have worked with the Reznick Group in all phases of our NMTC activities, from transaction modeling through the preparation of audits and tax returns. Their professionalism and high quality of service has been a great resource to our team".

Kenneth Brezenoff
Senior Vice President
Seedco Financial Services

"Reznick Group has been by our side since before we even received our first NMTC allocation. Gary Perlow and his team of seasoned professionals have always been impressive with their knowledge of every facet of the NMTC program. From tax & audit work to transactional structuring & modeling to assisting with compliance filings, Reznick Group's NMTC practice is unequivocally the industry leader."

Joe Morrell
Vice President - NMTC Program Director
MassDevelopment New Markets LLC

 

"Reznick Group was an unknown to us in 2000 as we considered involvement in the NMTC program. They were recommended as professionals with integrity which we have found to be an understatement. Their willingness to look behind the numbers at organizational structure and strategy has made them invaluable to our team".

James R. Klein
Chief Executive Officer
Finance Fund

"TRF uses Reznick Group for the full scope of services. They are extremely knowledgeable with details of the NMTC program and we have come to rely on their expertise. In addition to keeping us appraised on latest developments in the program, they are patient teachers who understand how to work well with staff – both those quite expert in the program and those new to it".

Suzanne Anastasi Aloi
Corporate Controller
The Reinvestment Fund

"The California Urban Investment Fund has used Gary Perlow and the team at the Reznick Group because of their in depth of expertise, knowledge, and ability in getting transactions completed and vetted. They have brought immeasurable value not only in real estate related transactions, but in working through complex operating company transactions as well. We truly see them as superior partners to have on our team".
 
Dwayne Hall
California Urban Investment Fund, LLC

“The Reznick Group staff has been an excellent resource for us – in financial modeling for many transactions as well as preparing audits and tax returns. The level of expertise is consistently high, the service has been friendly and helpful, responses to questions have been timely.  I also appreciate the focus on continuous improvement”.

Julia Nelmark
Director of NTMC Financing
Midwest Minnesota Community Development Corporation