Fifth Third New Markets Development Company LLC (“5/3 New Markets”) will utilize its NMTC allocation to invest in housing projects, educational facilities, health care facilities, senior care facilities, and business financing for economic growth and job creation (e.g., grocery stores, hardware stores, department/clothing stores). With its NMTC allocation, 5/3 New Markets will be able to provide a number of flexible and concessionary financial products, including debt with interest rates between 350 and 45 basis points below market. 5/3 New Markets will also dedicate a significant portion of its NMTC investment profits to finance grants to non-profits, businesses and developers in low-income communities.