CBSI Development Fund, Inc.

New Albany IN


CBSI Development Fund serves Floyd and Clark Counties in southeastern Indiana, and Jefferson County in Kentucky. An estimated 100% of its activities are likely to be concentrated to low-income communities in urban areas (principally New Albany, Indiana and Louisville, Kentucky).

CDFI Awards for CBSI Development Fund, Inc.


NMTC (2002) - $3,000,000

CBSI Development Fund will utilize its NMTC allocation to make loans to businesses that are located in low-income communities in the markets served by the bank parent company. CBSI plans to offer reduced rate loans with flexible terms as a result of the NMTC Program, and anticipates that the volume of loans to distressed communities will increase due to the favorable terms than an NMTC allocation will enable them to provide.



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