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American Community Renewable Energy Fund, LLC
New Orleans LACDFI Awards for American Community Renewable Energy Fund, LLC
NMTC (2008) - $48,500,000
The American Community Renewable Energy Fund, LLC (AmCREF) will use its NMTC allocation to support startup and early-stage businesses in the Gulf South (AL, LA, MS, TX), with an emphasis on non-metropolitan areas and those portions of the Gulf Opportunity Zone (GO Zone) that are still working to recover from Hurricanes Katrina and Rita. AmCREF will offer loans that are at least 50 percent below market, and equity-equivalent financing that is as much as 75 percent below market, to businesses and industries creating quality jobs that will help diversify and rebuild the Gulf South economy. These industries include renewable energy, technology, disaster recovery, and public safety and services infrastructure.
NMTC (2007) - $30,000,000
American Community Renewable Energy Fund, LLC (ACREF) received an allocation of NMTCs for use in the recovery and redevelopment of the Hurricane Katrina Gulf Opportunity Zone. ACREF provides loans and investments to support innovative industries – including renewable energy and other green technologies – which will help to diversify the GO Zone economy. ACREF will offer equity and subordinated debt products with return expectations substantially below-market. One hundred percent of the financial products offered by ACREF will be flexible/non-traditional in nature and customized to meet the needs of the business.
(0) - $0
Other Community Development Financial Institutions in Louisiana
ASI Federal Credit Union
Harahan
Capital One Community Renewal Fund, LLC
New Orleans
Dryades Savings Bank, FSB
New Orleans
Eagle Louisiana Federal Credit Union
Baton Rouge
Enhanced Delta Community Development, LLC
New Orleans
Liberty Bank and Trust Company
New Orleans
Liberty Financial Services
New Orleans
National Cities Fund, LLC
New Orleans
New Orleans Community Development Fund
New Orleans
NEWCORP Business Assistance Center
New Orleans
Red River Valley BIDCO, Inc.
Shreveport
Southern Mutual Financial Services, Inc.
New Iberia
Stonehenge Community Development, LLC
Baton Rouge
Whitney New Markets Fund, LLC
New Orleans
Featured Government Grant Resources
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Disaster Relief Loans from GovLoans
GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information. One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.
Social Entrepreneurship
Spotlight
New Vineyard Philanthropy Group Supports Island Youth
MVYouth, a newly formed Vineyard philanthropy group with a mission to support Island youth, will pledge $4 million over the next four years to a diverse set of youth causes.
