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 non-profits, 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.