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Related Community Development Group, LLC
New York NYCDFI Awards for Related Community Development Group, LLC
NMTC (2007) - $75,000,000
Related Community Development Group (“Related”) will make loans and investments to commercial real estate projects to finance land development and vertical development of retail and office projects. Related will offer new products, including equity investments and deeply subordinated debt products with interest rates that are at least 33% below conventional market interest rates. Related will utilize its NMTC allocation to specifically target areas located in census tracts with high poverty or unemployment rates, in an effort to promote the creation and retention of new jobs for low-income persons as well to provide valuable goods and services for residents of low-income communities.
NMTC (2003) - $140,000,000
RCDG intends to use the NMTC allocation to expand the volume of its activities in disadvantaged areas. The NMTC allocation will make projects more financially feasible by reducing borrower costs and providing more favorable terms to borrowers. In addition, the allocation will allow RCDG to target more distressed areas than otherwise possible.
Other Community Development Financial Institutions in New York
AAFE Community Development Fund
New York
ACCION New York
New York
Adirondack Economic Development Corporation
Saranac Lake
Akwesasne Indian Housing Authority
Hogansburg
BOC Capital Corp.
Brooklyn
Carver Federal Savings Bank
New York
CDCLI Funding Corporation, Inc.
Centereach
Citibank NMTC Corporation
New York
Commercial and Industrial Capital Corporation
Staten Island
Credit, Inc.
Bronx
GS New Markets Fund
New York
HEDC New Markets, Inc
New York
Home Headquarters, Inc.
Syracuse
Iroquois Venture Corporation
Hogansburg
JobStart Chautauqua, Inc.
Mayville
MSD New Markets, Inc
New York
Nos Quedamos
Bronx
NYCB Community Development Corp
Westbury
Progressive Neighborhood FCU
Rochester
Project Enterprise
New York
Seedco
New York
Seedco Financial Services
New York
Seneca Nation of indians
Salamanca
Sephardic Angel Fund
Brooklyn
St. Charles Borromeo Church FCU
New York
The Disability Fund, Inc.
Albertson
UA, LLC
New York
Westchester Housing Fund, Inc.
Hawthorne
Women"s Venture Fund, Inc.
New York
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