Commonwealth Cornerstone Group

Harrisburg PA


The goal of the Commonwealth Cornerstone Group ("CCG") is to fund projects that offer intrinsic catalytic opportunities for revitalization and are characterized by their communities as “cornerstone” initiatives within their renewal plans. CCF will provide loans and equity capital investments for: 1) business expansion; 2) mixed-use development; 3) for-sale housing; and 4) community facilities in low-income communities throughout the commonwealth of Pennsylvania. The flexibility offered by the NMTC Program will enable CCG to create funding packages that include reduced origination fees, longer amortization and/or interest-only periods, reduced rate debt and the use of equity and/or equity-like products that would not otherwise be available to meet the needs of the projects, their communities and the investors.

CDFI Awards for Commonwealth Cornerstone Group


NMTC (2008) - $60,000,000

The mission of the Commonwealth Cornerstone Group (CCG) is to support and enhance neighborhood and community revitalization efforts in core urban, minor urban and non-metropolitan communities throughout the Commonwealth of Pennsylvania. Working in concert with local planning officials to leverage funding from federal, state, county and local resources, CCG focuses on expediting revitalization and coordinated growth plans that will result in the creation of jobs and the provision of services within low-income communities. CCG will utilize the benefits of the NMTC Program to provide loans and equity capital investments for business expansion, mixed-use development, for-sale housing and community facilities, using both leveraged and interest rate reduction structures.



NMTC (2006) - $60,000,000

The goal of the Commonwealth Cornerstone Group ("CCG") is to fund projects that offer intrinsic catalytic opportunities for revitalization and are characterized by their communities as “cornerstone” initiatives within their renewal plans. CCF will provide loans and equity capital investments for: 1) business expansion; 2) mixed-use development; 3) for-sale housing; and 4) community facilities in low-income communities throughout the commonwealth of Pennsylvania. The flexibility offered by the NMTC Program will enable CCG to create funding packages that include reduced origination fees, longer amortization and/or interest-only periods, reduced rate debt and the use of equity and/or equity-like products that would not otherwise be available to meet the needs of the projects, their communities and the investors.



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