Norfolk Redevelopment and Housing Authority

Norfolk VA


Norfolk will focus its activities on city of Norfolk, Virginia. An estimated 100% of its activities will be targeted to this urban area.

CDFI Awards for Norfolk Redevelopment and Housing Authority


NMTC (2002) - $15,000,000

The Allocatee will utilize its NMTC allocation to target three severely economically disadvantaged communities located in the local Enterprise Zone that are in the process of economic revitalization and, by deploying capital at sub-prime rates, stimulate developers to implement projects in these communities that are complete but for a gap in their financing package. The products and services to be generated include two grocery store anchored shopping centers, a community-services facility and a micro-loan product serving disadvantaged businesses and residents located in the local Enterprise Zone.



Other Community Development Financial Institutions in Virginia





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