Model/Z leverages $32 million in New Markets Tax Credit financing to scale modular housing production and streamline early-stage project development.
Model/Z has successfully secured $32 million through a New Markets Tax Credit (NMTC) transaction, which serves as a strategic financial instrument to accelerate the capital-intensive process of modular housing production. By leveraging this financing, the company is positioned to overcome traditional liquidity barriers in factory-built construction, allowing for a more rapid scaling of operations to address the increasing market demand for housing solutions.
The transaction is designed to enable earlier financing for modular housing production, allowing Model/Z to scale its manufacturing capacity to meet growing demand.
It addresses a longstanding challenge in modular construction by allowing developers to finance factory-built housing earlier in the process, thereby accelerating production timelines.
Modular housing firm Model/Z has closed a $32 million New Markets Tax Credit transaction to accelerate production capacity. The capital injection allows the company to finance factory-built housing projects earlier in the development cycle, addressing critical bottlenecks in the construction sector.
The company plans to use the New Markets Tax Credit funds to scale its modular housing production capacity and facilitate earlier financing for its factory-built housing projects.