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City First New Markets Fund II, LLC
Washington DCCDFI Awards for City First New Markets Fund II, LLC
NMTC (2008) - $67,000,000
City First New Markets Fund II, LLC (City First) will provide equity capital and loans to high-impact development projects that have the potential to be catalysts for change in the surrounding neighborhood. City First will use the NMTC program to support community facilities (e.g., single- or multi-tenanted facilities for social services, educational, health care, arts and recreational uses), as well as retail, mixed-use, office and affordable housing projects. The NMTC allocation allows City First to finance projects with much more flexible terms, such as equity investments, below-market interest rates, partial debt forgiveness, and/or longer periods of interest-only payments.
NMTC (2006) - $90,000,000
City First will provide equity capital and loans to high-impact development projects that have the potential to be catalysts for change in the surrounding neighborhood. City First will focus primarily on using the NMTC program to support community facilities, although it will also finance retail, light industrial, mixed-use, office and similar commercial projects that have the potential to influence the character of a community. The NMTC program subsidy allows City First to finance projects with much more flexible terms, including lower down payments, lower interest rates, partial debt forgiveness, and/or long periods of interest-only payments.
Other Community Development Financial Institutions in District of Col
Banc of America CDE, LLC
Washington
CFBanc Corporation
Washington
City First New Markets Fund II, LLC
Washington
Consortium America, LLC
Washington
Cornerstone, Inc.
Washington
CSDC New Markets Fund, LLC
Washington
DC Housing Enterprises
Washington
Faithworks
Washington
FINCA USA, Inc.
Washington
Home Depot New Markets Corp., Inc.
Washington
Housing Assistance Council
Washington
National Fund for Enterprise Development
Washington
NT CDFI, Inc.
Washington
Partners for the Common Good
Washington
Telesis CDE Corporation
Washington
Washington Area Housing Trust Fund
Washington
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