Paramount Community Development Fund, LLC

Granville OH


The Fund has a nationwide service area but anticipates focusing most of its activities in the states of California, Colorado, Florida, Illinois, New York, Ohio and Texas. An estimated 50% of its activities will be targeted to urban areas, 30% of its activities will be targeted to rural areas, and 20% of its activities will be targeted to suburban areas.

CDFI Awards for Paramount Community Development Fund, LLC


NMTC (2002) - $75,000,000

The organization will utilize its NMTC allocation to support: 1) secondary market facilitation services such as loan purchase, pooling, and seasoning services, as well as securitization and investor guarantee services targeted to a national network of CDEs; and 2) direct commercial investments which offer mezzanine financing, equity investments, and senior debt investments. Paramount indicates that the value of the NMTC allocation will be used to finance projects that, but for the benefit of the tax credits, would not have been underwritten.



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