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AHC Community Development, LLC
Cleveland OHCDFI Awards for AHC Community Development, LLC
NMTC (2009) - $10,000,000
AHC Community Development, LLC (AHC) will make loans to finance three types of real estate projects: 1) higher education facilities; 2) commercial / retail projects in urban communities; 3) community oriented centers. The NMTC allocation will enable AHC to offer more favorable debt products to borrowers developing real estate projects in low-income communities. The loans provided by AHC will have preferable rates and terms, including interest rates that are 400 basis points below-market; interest only payments for a period of seven years; higher loan-to-value ratios; lower debt service coverage ratios; and no origination fees.
NMTC (2008) - $55,000,000
AHC Community Development, LLC (“AHC”) will make loans to finance three types of real estate projects: 1) higher education facilities; 2) commercial / retail projects in urban communities; 3) community oriented centers. The NMTC allocation will enable AHC to offer significantly more favorable debt products to borrowers developing real estate projects in low-income communities. The loans provided by AHC will have preferable rates and terms, including below-market interest rates, interest only payments, higher loan to value ratios, lower debt service coverage ratios and no origination fees.
Other Community Development Financial Institutions in Ohio
ACEnet Ventures
Athens
AHC Community Development, LLC
Cleveland
Appalachian Development Federal Credit Union
Nelsonville
ASB Community Development Corp
Portsmouth
Cincinnati Development Fund
Cincinnati
Cincinnati New Markets Fund, LLC
Cincinnati
Columbus Compact Corporation
Columbus
Columbus Growth Fund, Inc., The
Columbus
Enterprise Development Corporation
The Plains
National City New Market Fund, Inc.
Cleveland
Neighborhood Capital Corporation
Cleveland
Shorebank Enterprise Group
Cleveland
ShoreBridge Capital
Cleveland
Uptown Consortium, Inc.
Cincinnati
Village Capital Corporation
Cleveland
Featured Government Grant Resources
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
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
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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.
