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Corporation for the Development of Community Health Centers
Austin TXCDFI Awards for Corporation for the Development of Community Health Centers
NMTC (2003) - $12,000,000
CDCHC will utilize capital raised through it NMTC allocation to increase the volume of its activity, to reduce the cost to its borrowers, and to attract additional private investment. Since the capital raised through the NMTC allocation must remain "fully invested" for a minimum term of seven years, this helps provide a longer repayment term than is often offered by conventional financing sources. In some high-distress communities, the NMTC subsidy will spell the difference in a loan being made and a loan not being made.
FA (2003) - $150,000
The Fund"s $150,000 award will be used to make additional loans from the financing of buildings and equipment through the CDCHC"s revolving loan fund. Approximately 100% of this award will be targeted to Hot Zones.
SECA (2002) - $45,000
The Fund"s technical assistance grant will be used to purchase technology, train staff and board members, and obtain consulting and staff salary services to develop legal instruments and a comprehensive set of organizational policies and procedures.
Other Community Development Financial Institutions in Texas
ACCION Texas, Inc.
San Antonio
Azteca Community Loan Fund
San Juan
Bexar County Teachers Federal Credit Union
San Antonio
Community Development Corp. of Brownsville
Brownsville
Community Development Loan Fund
San Antonio
Community Development Loan Fund (CDLF)
San Antonio
Equitrend Capital
Amarillo
Neighborhood Housing Services of Dimmit County, Inc.
Carrizo Springs
PACESETTER CDE INC
Richardson
Rural Development and Finance Corporation
San Antonio
Featured Government Grant Resources
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
What Are Opportunity Zones
Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.
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