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Cincinnati Development Fund
1100 Walnut StreetCincinnati OH, 45202-7225
CDFI Awards for Cincinnati Development Fund
NMTC (2009) - $30,000,000
The Cincinnati Development Fund (CDF) is a non-profit lending institution established in 1988 to finance affordable housing development and community revitalization in the greater Cincinnati area. With the addition of NMTC allocation authority, CDF will seek to underwrite and facilitate community development real estate projects that preserve affordable housing and revitalization of urban communities. By offering a range of products such as debt with equity features, subordinated debt, below-market interest rates, lower than standard origination fees, and flexible borrower credit standards, CDF aims to make a lasting impact on the lives of residents.
FA (2007) - $305,298
Created in 1988, Cincinnati Development Fund, Inc. (CDF) is a certified CDFI, non-profit lending institution. It was established to provide loans to finance affordable housing development and community revitalization in the Greater Cincinnati Area. CDF will use its FY07 Financial Assistance award to address foreclosures within its target market. The Technical Assistance grant will be used to support the staff’s professional development, develop new products and services, and redesign its website.
NMTC (2005) - $52,000,000
The allocation of NMTCs will enable CDF to: 1) provide flexible and customized below-market rate loans, including senior and subordinated debt in support of mixed-use commercial revitalization; 2) build and rehab ?for-sale? housing in eligible low-income communities; and 3) invest in small businesses in the City"s Federally-chartered Empowerment Zone. The Uptown Cincinnati Development Fund is expected to serve as the catalyst for a reinvigorated Uptown Cincinnati and leverage over $1 billion in commercial real estate and public revenue bond financing activity.
SECA (2000) - $37,500
The assistance from the CDFI Fund will help CDF in these efforts by funding the technological improvements needed to increase staff efficiency and improve reporting to funders.
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
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
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