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Iowa Community Development LC
Johnston IAIowa Community Development LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to real estate businesses throughout Iowa for construction and rehab projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target projects sectors such as, advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below market rates, to eliminate origination fees, and to offer longer than standard interest-only payment periods and longer amortizations.
CDFI Awards for Iowa Community Development LC
NMTC (2009) - $70,000,000
Iowa Community Development, LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to businesses throughout Iowa for construction and rehabilitation projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target project sectors such as advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below-market rates, eliminate origination fees, and offer longer than standard interest-only payment periods and longer amortizations.
NMTC (2008) - $50,000,000
Iowa Community Development, LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to businesses throughout Iowa for construction and rehabilitation projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target projects sectors such as advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below market rates, eliminate origination fees, and offer longer than standard interest-only payment periods and longer amortizations.
NMTC (2006) - $45,000,000
Iowa Community Development LC (ICD) will use its NMTC allocation to provide debt-financing products combined with forgivable loan products to real estate businesses throughout Iowa for construction and rehab projects, building acquisition, equipment purchases, operating and maintenance expenses, site development, and working capital. ICD will target projects sectors such as, advanced manufacturing, life science, information technologies, retail, and value-added agriculture processing. The NMTC allocation will enable ICD to make loans at below market rates, to eliminate origination fees, and to offer longer than standard interest-only payment periods and longer amortizations.
Other Community Development Financial Institutions in Iowa
Covenant Financial Services Co.
Davenport
Grow Iowa Foundation, Inc.
Greenfield
Homeward, Inc.
Allison
Iowa Community Capital
Coralville
Rural Development Partners, LLC
Mason City
The Abilities Fund
Centerville
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