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AI Wainwright LLC
Boston MACDFI Awards for AI Wainwright LLC
NMTC (2008) - $25,000,000
AI Wainwright, LLC will focus its investments in four highly distressed Boston neighborhoods: Hyde Park, Mattapan, Dorchester and Roxbury. It will partner with local community development corporations to finance projects that support transit-oriented development. The NMTC allocation will greatly expand the range of products and terms that AI Wainwright, LLC can offer, in comparison to Wainwright Bank, including loans up to 300 basis points below market, up to 40-year amortization periods, seven year interest-only periods, loan to value ratios up to 90 percent, more flexible borrower credit standards and non-traditional forms of collateral such as capital campaign pledges. AI Wainwright, LLC will also offer technical assistance to groups working at the street-level, to build projects that will spur growth and stimulate other investments.
Other Community Development Financial Institutions in Massachusetts
ACCION USA
Boston
AI Wainwright LLC
Boston
BCLF Ventures II, LLC
Boston
Institute for Community Economics
Springfield
Jobs for Fall River, Inc.
Fall River
Local Enterprise Assistance Fund
Brookline
MHIC, LLC
Boston
NOAH Community Development Fund, Inc.
East Boston
UECDF Corporation
Roxbury
WCHR Securities, Inc.
Worcester
YouthBuild Loan Fund
Somerville
Featured Government Grant Resources
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Common Bean Productivity Research for Global Food Security Competitive Grants Program
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.
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.
