PR Redevelopment Fund, LLC

San Juan PR


PR Redevelopment is a subsidiary of the Municipality of Vega Baja, Puerto Rico. PR Redevelopment will use its NMTC Allocation to promote capital investment in targeted community development projects which advance the Municipality’s economic development strategy and stimulate job creation and self-sufficiency in severely depressed communities. PR Redevelopment will invest equity capital and offer deeply subsidized equity equivalent subordinate loans, below-market interest rates, and reduced up-front fees for urban infrastructure, the construction of educational and medical facilities, rehabilitation activities, affordable housing projects and assistance programs within the Vega Baja community.

CDFI Awards for PR Redevelopment Fund, LLC


NMTC (2009) - $10,000,000

PR Redevelopment is a subsidiary of the Municipality of Vega Baja, Puerto Rico. PR Redevelopment will use its NMTC Allocation to promote capital investment in targeted community development projects which advance the Municipality’s economic development strategy and stimulate job creation and self-sufficiency in severely depressed communities. PR Redevelopment will invest equity capital and offer deeply subsidized equity equivalent subordinate loans, below-market interest rates, and reduced up-front fees for urban infrastructure, the construction of educational and medical facilities, rehabilitation activities, affordable housing projects and assistance programs within the Vega Baja community.



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