Carver Community Development Corporation will use its NMTC Allocation to expand capital to businesses -- particularly non-profits and small, local and minority developers – that provide critical services to low-income communities throughout New York City"s boroughs of Manhattan, Queens, the Bronx and Brooklyn. Carver CDC will offer products and services that are more favorable than market, including: construction loans up to 300 basis points below prevailing market rates and interest only payments from 12-36 months; pre-development loans up to 650 basis points below prevailing market rates, and loans with up to 90% loan-to-value ratios on commercial and mixed-use property.