Silverlode helped a real estate development company that was awarded Ohio Transformational Mixed-Use Development (TMUD) tax credits for a Wooster, Ohio project to secure the Alternate Method Valuation (AMV) of the tax credits. The project included economic impact analysis to demonstrate that the requirements for qualifying for AMV were met and presenting the findings to the Ohio Tax Credit Authority, which awards the AMV. We also worked with our network of tax credit investors to identify several who were interested in purchasing the credits and helped the client to select the investor offer that was the best fit for the project and provided the most value to the client.
The TMUD Program provides tax credits for mixed-use developments that will catalyze future development in the surrounding community.