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Indiana Redevelopment Corporation
Indianapolis INCDFI Awards for Indiana Redevelopment Corporation
NMTC (2003) - $25,000,000
Indiana Redevelopment Corporation (IRC) will use its NMTC allocation to make loans and investments in commercial and residential real estate projects to finance retail, industrial and office space in addition to financing the development of community facilities such as community and day care centers. The NMTC allocation will enable IRC to offer a series of flexible, below-market financial products and services for commercial and residential real estate projects that will be more favorable to borrowers. With the NMTC Allocation, IRC intends to offer interest rates of up to 3 points below market for loans of comparable length and terms, reduced origination fees, and longer than standard period of interest-only loan payments, as examples.
Other Community Development Financial Institutions in Indiana
CBAI Community Development, Inc.
Indianapolis
CBSI Development Fund, Inc.
New Albany
Community Choice Federal Credit Union
Indianapolis,
Indiana Redevelopment Corporation
Indianapolis
Project Renew
Fort Wayne
South Bend Heritage Foundation, Inc.
South Bend
Featured Government Grant Resources
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
