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New Markets Community Capital, LLC
Los Angeles CACDFI Awards for New Markets Community Capital, LLC
NMTC (2009) - $55,000,000
New Markets Community Capital, LLC’s (NMCC) strategy is to provide debt financing and equity investments in real estate projects to assist in the acquisition, development, and rehabilitation of properties in low-income communities. The allocation of tax credits will allow NMCC to facilitate the flow of capital to small businesses that add value to distressed communities through flexible and non-traditional loan products. The resulting increase in capital investment will stabilize low-income communities, promote the creation and retention of new jobs and wealth creation for low-income community residents, and provide new services to low-income community residents.
NMTC (2008) - $40,000,000
New Markets Community Capital, LLC (NMCC) will utilize its NMTC allocation to provide flexible, non-traditional loan products to make capital available to businesses and commercial real estate projects which would not be economically feasible without an allocation of NMTCs. NMCC will be able to provide below market interest rates, increased loan to value ratios, longer than standard loan amortization periods, lower than standard loan origination fees, and loan loss reserve requirements that are less than standard. The resulting increase in capital investment will stabilize the low-income communities, promote the creation and retention of new jobs for community residents and provide new services to community residents.
NMTC (2002) - $30,000,000
NMCC will utilize its NMTC allocation to provide both debt financing to and equity investments in real estate projects to assist in the acquisition, development, and rehabilitation of properties in low-income communities. NMCC will also provide loans to or invest in CDEs that provide both real estate lending and capital for small business development projects in low-income communities. NMCC believes the NMTC Program will allow it to facilitate the allocation of capital to commercial real estate developments and small businesses that add value to distressed communities through flexible and non-traditional loan products.
Other Community Development Financial Institutions in California
ACCION San Diego
San Diego
Banco BuenaVentura
Oxnard
Bethany Square, LLC
Santa Monica
BEYOND THE BOTTOM LINE, LLC
San Fernando
Big Pine Paiute Tribe
Big Pine
Chevron NMTC Fund, LLC
San Franscisco
Clearinghouse CDFI, The
Lake Forest
Comunidades Federal Credit Union
Los Angeles
CT/KDF Community Development Partners, LLC
Newport Beach
El Futuro Credit Union
Porterville
Episcopal Community Federal Credit Union
Los Angeles
Faith Based Federal Credit Union
Oceanside
Genesis LA CDE, LLC
Los Angeles
Housing Trust Fund of Santa Barbara County
Santa Barbara
Impact Community Capital CDE, LLC
San Francisco
Karuk Community Loan Fund, Inc.
Happy Camp
KHC New Markets CDE, LLC
Carlsbad
LA Charter School New Markets CDE
Los Angeles
Los Angeles Development Fund
Los Angeles
Los Angeles LDC, Inc.
Los Angeles
Low Income Investment Fund
San Francisco
Lowe Economic Development Company, LLC
Los Angeles
Mission Area Federal Credit Union
San Francisco
Mission Community Bancorp
San Luis Obispo
Mission Community Bank, N.A.
San Luis Obispo
National New Markets Fund, LLC
Los Angeles
Neighborhood Bancorp
National City
New Markets Community Capital, LLC
Los Angeles
NHS Neighborhood Lending Services
Los Angeles
Northeast Community Federal Credit Union
San Francisco
Northern California Community Loan Fund
San Francisco
OneCalifornia Bancorp, Inc.
San Francisco
Opening Doors, Inc.
Sacramento
Pacific Community Ventures Investment Partners II, LLC
San Francisico
Pacific Community Ventures, Inc.
San Francisco
Pacoima Development Federal Credit Union
Lake View Terrace
Pasadena Development Corporation
Pasadena
Revolution Community Ventures, LLC
San Diego
Rural Community Assistance Corporation
West Sacramento
TELACU Community Capital
Los Angeles
Women"s Economic Ventures of Santa Barbara
Santa Barbara
Featured Government Grant Resources
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
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