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East Baton Rouge Community Development Entity
Baton Rouge LACDFI Awards for East Baton Rouge Community Development Entity
NMTC (2009) - $60,000,000
The East Baton Rouge Community Development Entity LLC (EBRCDE) serves the City of Baton Rouge/Parish of East Baton Rouge, Louisiana. The EBRCDE will deploy New Markets Tax Credits through a targeted neighborhood strategy, focusing on real estate development projects that provide community services, additional goods and services, and/or support development of affordable housing and the elimination of blight. The NMTC allocation will allow EBRCDE to offer interest rates at least 50 percent below market, and passive equity investments equal to 25 percent of loan amounts. These products are not currently provided by EBRCDE or its controlling entity.
Other Community Development Financial Institutions in Louisiana
ASI Federal Credit Union
Harahan
Capital One Community Renewal Fund, LLC
New Orleans
Dryades Savings Bank, FSB
New Orleans
Eagle Louisiana Federal Credit Union
Baton Rouge
Enhanced Delta Community Development, LLC
New Orleans
Liberty Bank and Trust Company
New Orleans
Liberty Financial Services
New Orleans
National Cities Fund, LLC
New Orleans
New Orleans Community Development Fund
New Orleans
NEWCORP Business Assistance Center
New Orleans
Red River Valley BIDCO, Inc.
Shreveport
Southern Mutual Financial Services, Inc.
New Iberia
Stonehenge Community Development, LLC
Baton Rouge
Whitney New Markets Fund, LLC
New Orleans
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.
Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
Social Entrepreneurship
Spotlight
Aspire Food Group Wins Hult Prize for Innovative Social Entrepreneurship Idea
The 2013 Clinton Global Initiative challenges student teams to create a social enterprise that will surpassingly increase food security for urban slums by 2018.
