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Wells Fargo Community Development Enterprises, Inc.
Minneapolis MNCDFI Awards for Wells Fargo Community Development Enterprises, Inc.
NMTC (2009) - $90,000,000
Wells Fargo Community Development Enterprises, Inc. (WFCDE) will use its NMTC allocation to support non-profit organizations (particularly healthcare facilities, as well as environmentally geared nonprofits, childcare centers, charter schools, religious organizations, and non-profit office parks), small and middle market businesses, and, real estate redevelopment in areas of higher distress targeted by local governments. With the NMTC allocation, WFCDE will reduce borrowing costs for non-profits and entrepreneurs, and enable higher risk loans and investments that shoulder collateral shortfalls and credit risks. WFCDE’s product offerings will also enable customized or delayed debt payments on real estate loans.
NMTC (2008) - $90,000,000
Wells Fargo Community Development Enterprises, Inc. (WFCDE) will use its NMTC allocation to support nonprofit organizations (particularly healthcare facilities, as well as environmentally geared nonprofits, childcare centers, charter schools, religious organizations, and nonprofit office parks); small and middle market businesses; and, real estate redevelopment in areas of higher distress targeted by local governments. With the NMTC allocation, WFCDE will reduce borrowing costs for non-profits and entrepreneurs, and enable higher risk loans and investments that shoulder collateral shortfalls and credit risks. WFCDE"s product offerings will also enable customized or delayed debt payments on real estate loans.
Other Community Development Financial Institutions in Minnesota
African Development Center
Minneapolis
CAPITAL CITY PROPERTIES
St. Paul
Community Reinvestment Fund, Inc
Minneapolis
Dakota Futures, Inc.
Morton
Development Corporation for Children
Minneapolis
Great Neighborhoods! Development Corp.
Minneapolis
Greater Minnesota Housing Fund
St. Paul
Habitat for Humanity of Minnesota, Inc.
Minneapolis
Indian Land Capital Company
Little Canada
Indian Land Tenure Foundation
Little Canada
Initiative Foundation
Little Falls
Leech Lake Band of Ojibwe
Cass Lake
Midwest Minnesota Community Development Corporation
Detroit Lakes
National New Markets Tax Credit Fund, Inc
Minneapolis
Neighborhood Development Center
St. Paul
Nonprofits Assistance Fund
Minneapolis
Northland Foundation
Duluth
Sparc
Saint Paul
University National Bank
St Paul
WomenVenture
St. Paul
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