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Chase Community Development Corporation
New York NYCDFI Awards for Chase Community Development Corporation
NMTC (2005) - $75,000,000
Chase Community Development Corporation (?CCDC?) will use its NMTC Allocation to offer new products and programs that will meet the needs of small and middle market businesses, commercial real estate ventures, community based facilities, and Community Development Financial Institutions operating in Low Income Communities. The NMTC allocation will allow the CCDC to offer loans at interest rates significantly below market rates with reduced up-front fees. CCDC estimates that 95% of its activities will support projects and businesses that would not have met the parent company?s underwriting or profitability guidelines. The NMTC Allocation will also allow CCDC to provide subordinated debt and equity equivalent products to qualified businesses in Low Income Communities, products that it does not currently offer.
Other Community Development Financial Institutions in New York
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Adirondack Economic Development Corporation
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Akwesasne Indian Housing Authority
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Carver Federal Savings Bank
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CDCLI Funding Corporation, Inc.
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Citibank NMTC Corporation
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Commercial and Industrial Capital Corporation
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Credit, Inc.
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GS New Markets Fund
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Home Headquarters, Inc.
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Nos Quedamos
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St. Charles Borromeo Church FCU
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The Disability Fund, Inc.
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UA, LLC
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