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Kansas City, Missouri Community Development CDE
Kansas City MOCDFI Awards for Kansas City, Missouri Community Development CDE
NMTC (2009) - $35,000,000
The Kansas City, Missouri Community Development CDE serves low-income communities in the city limits of Kansas City, Missouri. Its business strategy is to facilitate lending to low-income persons, investing and lending to support high-impact redevelopment, as well as the delivery of technical assistance. It will consider investments in community facilities, clinics and charter schools, initiatives in the proposed Black Heritage District, as well as a “Green” Zone, and capitalization of programs targeted toward small businesses. The CDE will offer below market interest rate loans, subordinate debt, and will utilize a variety of flexible underwriting standards and loan terms.
NMTC (2008) - $40,000,000
The Kansas City, Missouri Community Development CDE (KCM) will provide investment capital in order to incentivize revitalization and redevelopment efforts in highly distressed neighborhoods in Kansas City, Missouri. It will combine its NMTC allocation with other established public financing instruments in order to help reduce the conventional debt burden. These structures will take the form of debt with below-market interest rates and subordinate debt with flexible features. KCM will invest in qualified businesses and real estate projects that will integrate neighborhood plans, remediate blighted or contaminated areas, redevelop catalytic shell properties, and provide affordable housing opportunities.
Other Community Development Financial Institutions in Missouri
Central Bank of Kansas City
Kansas City
Choices Federal Credit Union
St. Louis
Great Rivers Community Capital
St. Louis
HFHI-SA NMTC I, LLC
St. Louis
MBS Urban Initiatives CDE, LLC
St Louis
Missouri Family Credit Union
Independence
St. Louis Development Corporation
St. Louis
Travois New Markets, LLC
Kansas City
USBCDE, LLC
St. Louis
Featured Government Grant Resources
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
