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Mid-City Community CDE, LLC
Bethesda MDCDFI Awards for Mid-City Community CDE, LLC
NMTC (2009) - $60,000,000
Mid-City Community CDE, LLC’s (Mid-City) business strategy is to provide flexible and subsidized equity and debt for the acquisition, development or renovation of commercial, mixed-use and community facility projects. A significant portion of Mid-City’s activities will be tailored to address the liquidity shortage facing CDFIs and community development banks by providing flexible and subsidized terms in the purchasing of loan portfolios from eligible CDEs. Mid-City will also serve as a mentor to smaller project sponsors that work in highly distressed communities and are being left behind as a result of the current economic crisis.
NMTC (2002) - $36,000,000
Mid-City will utilize its NMTC allocation to provide the following products and services: 1) real estate loans and equity investments; 2) local franchise equity investments, which will provide equity capital to disadvantaged individuals/entities seeking to own and operate franchises in underserved urban markets; 3) lines of credit for minority contractors and organizations promoting workforce development; 4) infrastructure gap loans, which will provide gap financing for the public infrastructure of streets, water and sewer and other amenities of large redevelopment projects; and 5) community facilities loans. The Allocatee believes the NMTC Program will allow it to offer more flexible and favorably priced financing, especially to difficult to finance projects and borrowers.
Other Community Development Financial Institutions in Maryland
Advance Bank
Baltimore
Baltimore Community Lending, Inc.
Baltimore
CDF Development, LLC
Baltimore
Charter Facilities Funding, LLC
Clarksville
Community Development Ventures, Inc.
Baltimore
Development Credit Fund, Inc. (DCF)
Baltimore
ESIC New Markets Partners, LP
Columbia
Faith Fund, Inc.
Baltimore
First Combined Community Federal Credit Union
UPPER MARLBORO
Harbor Bankshares Corporation
Baltimore
Maryland Capital Enterprises, Inc.
Salisbury
McAuley Institute
Silver Spring
Mid-City Community CDE, LLC
Bethesda
Native American Capital, LP (NAC)
Silver Spring
Urban Research Park CDE, LLC
Hunt Valley
Featured Government Grant Resources
Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
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
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Building a Million Dollar Company Where Everyone Counts
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