NYCB Community Development Corp

Westbury NY


The profile for this organization is not currently available.

CDFI Awards for NYCB Community Development Corp


NMTC (2005) - $42,000,000

NYCB Community Development Corp (NYCB-CDC) will use its NMTC allocation to provide loans to support businesses and real estate developments in low-income communities in the greater New York metropolitan area. As a result of the NMTC allocation, NYCB-CDC will be able to finance difficult to fund projects by offering flexible lending terms such as below market interest rates, lower than standard origination fees, longer than standard periods of interest-only loan payments, higher then standard loan to value ratios, longer than standard amortization periods, more flexible borrower credit standards, nontraditional forms of collateral, and lower then standard debt service coverage ratios.



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