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Kansas City, Missouri Community Development CDE
Kansas City MOCDFI Awards for Kansas City, Missouri Community Development CDE
NMTC (2009) - $35,000,000
The Kansas City, Missouri Community Development CDE serves low-income communities in the city limits of Kansas City, Missouri. Its business strategy is to facilitate lending to low-income persons, investing and lending to support high-impact redevelopment, as well as the delivery of technical assistance. It will consider investments in community facilities, clinics and charter schools, initiatives in the proposed Black Heritage District, as well as a “Green” Zone, and capitalization of programs targeted toward small businesses. The CDE will offer below market interest rate loans, subordinate debt, and will utilize a variety of flexible underwriting standards and loan terms.
NMTC (2008) - $40,000,000
The Kansas City, Missouri Community Development CDE (KCM) will provide investment capital in order to incentivize revitalization and redevelopment efforts in highly distressed neighborhoods in Kansas City, Missouri. It will combine its NMTC allocation with other established public financing instruments in order to help reduce the conventional debt burden. These structures will take the form of debt with below-market interest rates and subordinate debt with flexible features. KCM will invest in qualified businesses and real estate projects that will integrate neighborhood plans, remediate blighted or contaminated areas, redevelop catalytic shell properties, and provide affordable housing opportunities.
Other Community Development Financial Institutions in Missouri
Central Bank of Kansas City
Kansas City
Choices Federal Credit Union
St. Louis
Great Rivers Community Capital
St. Louis
HFHI-SA NMTC I, LLC
St. Louis
MBS Urban Initiatives CDE, LLC
St Louis
Missouri Family Credit Union
Independence
St. Louis Development Corporation
St. Louis
Travois New Markets, LLC
Kansas City
USBCDE, LLC
St. Louis
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.
National Endowment for the Humanities: National Digital Newspaper Program
The goal of the National Digital Newspaper Program is to crate a national digital resource of historically significant newspapers published between the years 1836 and 1922, from all of the States and its territories.
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A Bar That Saves Children’s Lives
Ryan Devlin, Todd Grinnell and Ravi Patel have traveled to Africa on a humanitarian trip a few years back, encountering children suffering from severe malnutrition get healthy through Plumpy’Nut®.
