Through economic policy research and development, Urban Atlantic remains at the forefront of new and emerging financial products to leverage development and investment opportunities in our target markets. This forward-thinking approach resulted in Urban Atlantic being selected as one of the U.S. Treasury’s first NMTC investment companies in 2003, as well as becoming one of the most frequently awarded allocates over time, having invested NMTC’s to create over $2 Billion in real estate projects and operating businesses.
This approach led us into green finance, launching Urban Ingenuity in 2014 to structure Property Assessed Clean Energy (PACE) and other clean energy and energy efficiency financial products. It has allowed us to work with multiple public partners to innovate and improve public finance tools such as TIF and PILOT infrastructure finance; seed grant programs such as HUD’s HOPE VI; multiple HUD mortgage programs; and a broad range of local capital and operating subsidy programs. Most recently, it has led us to commence work with the federal Opportunity Zone program.