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AHC Community Development, LLC
Cleveland OHCDFI Awards for AHC Community Development, LLC
NMTC (2009) - $10,000,000
AHC Community Development, LLC (AHC) will make loans to finance three types of real estate projects: 1) higher education facilities; 2) commercial / retail projects in urban communities; 3) community oriented centers. The NMTC allocation will enable AHC to offer more favorable debt products to borrowers developing real estate projects in low-income communities. The loans provided by AHC will have preferable rates and terms, including interest rates that are 400 basis points below-market; interest only payments for a period of seven years; higher loan-to-value ratios; lower debt service coverage ratios; and no origination fees.
NMTC (2008) - $55,000,000
AHC Community Development, LLC (“AHC”) will make loans to finance three types of real estate projects: 1) higher education facilities; 2) commercial / retail projects in urban communities; 3) community oriented centers. The NMTC allocation will enable AHC to offer significantly more favorable debt products to borrowers developing real estate projects in low-income communities. The loans provided by AHC will have preferable rates and terms, including below-market interest rates, interest only payments, higher loan to value ratios, lower debt service coverage ratios and no origination fees.
Other Community Development Financial Institutions in Ohio
ACEnet Ventures
Athens
AHC Community Development, LLC
Cleveland
Appalachian Development Federal Credit Union
Nelsonville
ASB Community Development Corp
Portsmouth
Cincinnati Development Fund
Cincinnati
Cincinnati New Markets Fund, LLC
Cincinnati
Columbus Compact Corporation
Columbus
Columbus Growth Fund, Inc., The
Columbus
Enterprise Development Corporation
The Plains
National City New Market Fund, Inc.
Cleveland
Neighborhood Capital Corporation
Cleveland
Shorebank Enterprise Group
Cleveland
ShoreBridge Capital
Cleveland
Uptown Consortium, Inc.
Cincinnati
Village Capital Corporation
Cleveland
Featured Government Grant Resources
Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
Disaster Relief Loans from GovLoans
GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information. One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.
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A Bar That Saves Children’s Lives
Ryan Devlin, Todd Grinnell and Ravi Patel have traveled to Africa on a humanitarian trip a few years back, encountering children suffering from severe malnutrition get healthy through Plumpy’Nut®.
