Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
MBS Urban Initiatives CDE, LLC
St Louis MOCDFI Awards for MBS Urban Initiatives CDE, LLC
NMTC (2009) - $40,000,000
MBS Urban Initiatives CDE, LLC (MBS-CDE) will use its NMTC allocation to invest in low-income communities across the country, with a focus on developments that can accelerate revitalization by bringing jobs and economic activity back to these neighborhoods. MBS-CDE will offer a combination of below-market debt and patient equity investments to developments which can demonstrate significant impact, both in their own right and as catalysts for others to follow. MBS-CDE will invest in commercial, mixed-use, community service and for-sale developments that enhance new housing efforts taking place in distressed communities.
NMTC (2008) - $50,000,000
MBS Urban Initiatives CDE, LLC (MBS-CDE) will use its NMTC allocation to invest in low-income communities across the country, with a focus on developments that can accelerate revitalization by bringing jobs and economic activity back to these neighborhoods. MBS-CDE will offer a combination of below-market debt and patient equity investments to developments which can demonstrate significant impact, both in their own right and as catalysts for others to follow. MBS-CDE will use its NMTC allocation to invest in commercial, mixed-use, community service and for-sale developments that enhance new housing efforts taking place in distressed communities.
NMTC (2007) - $60,000,000
MBS Urban Initiatives CDE (“MBS”) will invest in developments that bring new jobs and new services into low income communities to accompany quality affordable housing, as a means of dramatically accelerating revitalization. It will focus on commercial, retail, mixed-use and for-sale developments which can demonstrate significant impact, both in their own right and as catalysts for others to follow. MBS will offer a two-tier Debt/Equity product as well as a Mini-Perm Debt product at significantly below-market interest rates and with more flexible loan-to-value and repayment terms. MBS is partnering with Urban Strategies, a non-profit organization, to provide critical human services programs including job training and financial education to community residents.
NMTC (2006) - $60,000,000
MBS Urban Initiative CDE is an affiliate of the McCormack Baron Salazar family of companies, with a 25 year track record of building housing, commercial, retail and community resources in distressed communities throughout the nation. It will use the NMTC allocation award to provide gap financing to real estate projects, such as mixed use commercial and housing projects, for-sale housing and community facilities. It will combine the tax credits with local government and/or philanthropic sources to provide a combination of debt and equity products. Its mini-perm debt financing will carry a rate of up to 500 basis points below market, 7-year interest only and up to 100% loan-to-value.
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
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
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.
