Urban Development Fund (“UDF”) will use its allocation of New Markets Tax Credits to provide loans to businesses located in low-income communities to finance the construction or rehabilitation of retail space, office space, industrial facilities, and community facilities. UDF’s primary focus is on creating full-time jobs that provide health care and other benefits to residents of low-income communities. UDF’s loan products will incorporate a number of flexible or non-traditional features, including below-market interest rates and higher loan-to-value ratios, that will help encourage economic growth in the nation’s most highly distressed communities.