Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Community Reinvestment Fund New Markets I, LP
Chicago ILCDFI Awards for Community Reinvestment Fund New Markets I, LP
NMTC (2008) - $6,250,000
Community Reinvestment Fund New Markets I, LP (CRF) will provide equity capital to develop for-sale housing units, commercial properties, and to restore landmarks in lower-income communities in Chicago. This patient capital will represent a very small portion of total project costs, and will be used to leverage other sources of financing. The NMTC allocation will enable CRF to provide scarce, flexible, non-traditional equity to qualified real estate projects in distressed communities in its service area at terms that are extraordinarily below market and that are even more favorable than the already low rates offered by the controlling entity.
NMTC (2003) - $5,550,000
This allocatee intends to use its NMTC allocation to expand the volume of the controlling entity"s current activities, target its activities even more closely to areas of high economic distress in Chicago, attract new investors that have not already invested in Chicago"s low-income communities and reduce its return-on-equity requirements, thereby lowering the cost of capital for qualifying projects in low-income communities.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Program for Investment in Micro-Entrepreneurs Technical Assistance
The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
