1. ON TARGET New Start Community Development

2. ON TARGET

3. What We Do- We assist developers, municipalities and non-profits in creating, developing and completing projects with complex capital stacking. In addition, we self-develop as needed. Summary New Start Community Development- US Treasury certified “Community Development Entity” able to allocate equity investments raised through New Markets Tax Credits Service Area- Primarily the State of Alabama with projects throughout the Southern United States How we do it– We deliver funding from Private Investors, Tax Credit Investors, Federal grants, Cooperative and Improvement Districts and multiple other sources.

4. ON TARGET Example Project Bradenton Florida Desperate need of Healthy Food Alternatives. Distressed Census Tract Trying to bring Grocery Store to area for 5 years Developers could not make the project happen Enter New Start Community Development

5. ON TARGET Land$ 800,000 Construction$ 2,500,000 Soft Costs$ 900,000 Infrastructure$ 500,000 TI & leasing$ 300,000 Other Fees$ 800,000 Total Cost$ 5,800,000 NOI$ 300,000 Investment Value (9%)$ 3,300,000 Loan to Investment Value 175% Problem: How do you pay for a $5.8M project when it’s worth $3.3M to the investment world? Solution: Project Cost$ 5,800,000 NMTC Equity$ (1,800,000) HHS Grant$ (700,000) State NMTC$ (900,000) City TIFF$ (300,000) Total Cost$ 2,100,000 NOI$ 300,000 Investment Value (9%)$ 3,300,000 Loan to Investment Value 65% Actual Project Numbers

6. ON TARGET Financing Model

7. ON TARGET A True Public Private Partnership Developer Leveraged Loan Cash Federal NMTC & Grant State NMTC City Tiff

8. ON TARGET PATRICK A. DENNEY NEW START COMMUNITY DEVELOPMENT 100 41 ST STREET SOUTH BIRMINGHAM, AL 35222 PATRICK.DENNEY@NEWSTARTCD.COM 205-397-9398