Kitsap County NMTC Facilitators I, LLC

Silverdale WA


Kitsap County NMTC Facilitators I, LLC will make loans to develop real estate in low-income areas of Kitsap County, Washington. This allocatee has a pipeline of redevelopment projects in low-income areas that it seeks to assist with NMTC-subsidized loans. These include: a new 17-acre retail development that is part of a HOPE VI revitalization of a large public housing project; a hotel and restaurant that will be part of a new conference center complex that will rejuvenate an older downtown area; and a 210-unit homeownership housing development that will spark renewal of a formerly industrial waterfront area.

CDFI Awards for Kitsap County NMTC Facilitators I, LLC


NMTC (2008) - $20,000,000

Kitsap County NMTC Facilitators I, LLC (“Facilitators”) will use its NMTC allocation to: 1) make investments in businesses that develop mixed use real estate in low-income communities; 2) provide loans to other CDEs to increase their small business lending (with a specific focus in rural communities), and 3) provide loans to finance community facilities. Based on project need, Facilitators will provide a 7-year reduced rate debt product, an equity investment, or equity-equivalent loans in support of projects that will increase jobs, create new commercial space and add substantial residential units to downtown communities.



(0) - $0



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