National Community Fund I, LLC

Portland OR


National Community Fund I, LLC (“NCF”) will use its NMTC allocation to provide senior and subordinate loans and equity investments in retail, industrial, community facility, commercial and mixed-use projects located exclusively in highly-distressed communities throughout the country. NCF will offer loans and patient equity capital at least 400 basis points below market rates. NCF will partner with local and regional economic development organizations to ensure that its financing will be provided only to projects that generate the highest community benefit and could not have been financed without NMTC-subsidized financing.

CDFI Awards for National Community Fund I, LLC


NMTC (2009) - $60,000,000

National Community Fund I, LLC (NCF) provides senior and subordinate loans and patient equity investments for community facility, retail, commercial, mixed-use and industrial projects located exclusively in highly-distressed communities. NCF will provide financing that is 50 percent below-market and/or contains at least five flexible or non-traditional rates or terms. NCF will also offer patient equity at rates that are a fraction of those offered in the conventional marketplace. With additional low-cost, flexible NMTC capital, NCF will expand the volume of financing provided to high-impact projects and deliver greater financial benefit and deeper community impacts (including living wage jobs) to highly-distressed communities.



NMTC (2008) - $50,000,000

National Community Fund I, LLC (NCF) intends to provide senior and subordinate loans and patient equity investments in retail, industrial, community facility, commercial and mixed-use projects located exclusively in highly distressed, low-income communities. NCF will use its NMTC allocation to make loans at least 400 basis points below market with maturities far in excess of conventional financing options, as well as patient equity capital at rates that are a fraction of those offered in the marketplace. NCF will leverage its existing affiliations with local and regional economic development organizations to ensure that financing will be provided only to projects that generate high community benefit and that would not be financed without NMTC-subsidized financing.



NMTC (2007) - $65,000,000

National Community Fund I, LLC (“NCF”) will use its NMTC allocation to provide senior and subordinate loans and equity investments in retail, industrial, community facility, commercial and mixed-use projects located exclusively in highly-distressed communities throughout the country. NCF will offer loans and patient equity capital at least 400 basis points below market rates. NCF will partner with local and regional economic development organizations to ensure that its financing will be provided only to projects that generate the highest community benefit and could not have been financed without NMTC-subsidized financing.



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