Chase Community Development Corporation

New York NY


no org. info

CDFI Awards for Chase Community Development Corporation


NMTC (2005) - $75,000,000

Chase Community Development Corporation (?CCDC?) will use its NMTC Allocation to offer new products and programs that will meet the needs of small and middle market businesses, commercial real estate ventures, community based facilities, and Community Development Financial Institutions operating in Low Income Communities. The NMTC allocation will allow the CCDC to offer loans at interest rates significantly below market rates with reduced up-front fees. CCDC estimates that 95% of its activities will support projects and businesses that would not have met the parent company?s underwriting or profitability guidelines. The NMTC Allocation will also allow CCDC to provide subordinated debt and equity equivalent products to qualified businesses in Low Income Communities, products that it does not currently offer.



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