About

Passion. Experience. Diligence.

History

Stephen B. Clark founded the firm in 2001 after having worked as a public finance investment banker for over 25 years. The business started with financial advising for key local hospitals and municipalities and grew to include work with housing authorities and other public entities. Laura, Steve's daughter, joined the firm in 2003 and has grown to be recognized as an expert in tax credit financing. Monica, Laura's twin, joined the family business in 2012 to lead the firm's New Markets Tax Credits division. Over its 18-year history, S.B. Clark Companies has built a robust team of consultants, all striving to provide experienced, passionate and diligent work products for the firm's clients.

Mission

S.B. Clark Companies strives to provide the highest quality advisory services possible to its clients. Each client has unique issues and objectives. The key to providing high quality advisory services is spending time up-front learning the client's business, culture, and style. Frequent transparent communication and maintained confidentiality are priorities.

Style and Approach

The client's interest is foremost and sole. All of S.B. Clark Companies' actions and work associated with an assignment are for and on behalf of the client. S.B. Clark Companies acts only as an agent and does not act as principal in the purchase or sale of financial instruments, nor does the firm participate as a development owner, principal, or guarantor. Any potential conflicts of interest are disclosed and discussed at the assignment outset or whenever such potential may arise.

Since its formation S.B. Clark Companies has grown a significant practice representing clients in transactions including, but not limited to,:

  • Facilitating successful New Markets Tax Credit (NMTC) financing for commercial and non-profit projects in low-income communities, including: securing tax credit allocation from community development entities (CDEs), negotiating an advantageous financing structure for the project, and working with investors and lenders to secure investment and leverage debt;

  • Applying for and using both 4% and 9% competitive low-income housing tax credits (LIHTC) for affordable housing developments. The firm provides financial modeling and follow-through support in competitively securing debt and equity for these projects and 15-year exit analysis;

  • Proforma finance plans for Mixed Finance,Rental Assistance Demonstration (RAD), permanent supportive housing (PSH), Opportunity Zones, disposition of Public Housing;

  • Advising on tax-exempt and taxable bond issues, including advertised public sale, competitive direct placement and negotiated public offering formats; and

  • Evaluation and recommendations for refinancing opportunities including defeasance of existing bonds prior to call date.