ASB Community Development Corp

Portsmouth OH


The Allocatee will serve five counties in the Appalachian Region of southern Ohio: Adams County, Jackson County, Lawrence County, Pike County and Scioto County. An estimated 45% of its activities will be targeted to rural areas, 40% will be targeted to suburban areas, and 15% will be targeted to urban areas.

CDFI Awards for ASB Community Development Corp


NMTC (2002) - $2,000,000

The Allocatee will utilize its NMTC allocation to make loans to businesses that locate or expand into the low-income communities served by the bank"s parent company. The Allocatee anticipates that the NMTC allocation will enable it to offer loan products to its borrowers at discounted rates.



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