The Greenville New Markets Opportunity LLC ("GNMO") will use its NMTC allocation to expand the economic development activities of the City of Greenville, South Carolina in neighborhoods targeted for redevelopment under Greenville’s Comprehensive Plan. The utilization of NMTCs by GNMO will enable it to expand its financial offerings and leverage more private sector involvement. Most notably, the NMTC will allow GNMO to: offer debt financing at interest rates 300-400 basis points lower than standard; provide subordinated debt at a 50% discount; offer interest only terms for the 7 -year credit period; lower its origination fees; and finance projects with loan-to-value ratios of up to 100%.