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National Cities Fund, LLC
New Orleans LACDFI Awards for National Cities Fund, LLC
NMTC (2009) - $30,000,000
National Cities Fund, LLC (NCF), provides real estate financing to public/private partnership developments in low-income communities in both large cities and small towns. It will deploy its NMTC Allocation by offering equity and convertible debt, mezzanine debt, and construction/mini-perm loans to mixed-use real estate and hospitality projects. NCF will select projects that eliminate blight in urban areas and create economic opportunities for low-income residents. NCF will offer below-market interest rates and more flexible terms and conditions than are available in the marketplace.
NMTC (2005) - $25,000,000
National Cities Fund, LLC (NCF)will use its NMTC allocation to expand the number and scope of its redevelopment projects in low-income communities, including hospitality, office, retail and mixed-use projects. The NMTC allocation is a crucial financing source for difficult to finance, but otherwise viable, inner-city revitalization projects, and will enable NCF to offer additional capital to real estate projects to close financing gaps. NCF?s principal product will be paired Federal Historic Tax Credit/NMTC investments. NCF intends to offer equity and debt products with rates that are several hundred basis points below market, and more flexible terms and conditions than those currently available in the commercial real estate market place.
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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
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
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.
