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CDF Development, LLC
Baltimore MDCDFI Awards for CDF Development, LLC
NMTC (2009) - $50,000,000
CDF Development, LLC (CDF) is focused primarily on distressed urban districts. Its business strategy is to provide loans and equity investments to increase the number of developments of large-scale retail and mixed-use projects in low-income communities. CDF will only invest in projects that would not occur but for the addition of NMTC financing, and must be located in areas of particularly acute economic distress, as measured by poverty and income levels, unemployment, crime rates, and other measures. All of CDF’s investments involve public-private partnerships whereby significant private sector investment is aided by state and/or city public sector efforts, in combination with NMTC financing.
NMTC (2005) - $60,000,000
CDF Development, LLC will use the NMTC to provide preferential rates and terms, including interest rates up to 300 basis points below market and significantly reduced fees. CDF will only invest in projects that will create significant community development impact and could not be undertaken without the subsidy provided by the NMTC.
NMTC (2003) - $100,000,000
CDF Development will use its NMTC allocation to subsidize financing to allow low-income community developers to maintain and expand their activities, particularly in areas of greater economic distress.
Other Community Development Financial Institutions in Maryland
Advance Bank
Baltimore
Baltimore Community Lending, Inc.
Baltimore
CDF Development, LLC
Baltimore
Charter Facilities Funding, LLC
Clarksville
Community Development Ventures, Inc.
Baltimore
Development Credit Fund, Inc. (DCF)
Baltimore
ESIC New Markets Partners, LP
Columbia
Faith Fund, Inc.
Baltimore
First Combined Community Federal Credit Union
UPPER MARLBORO
Harbor Bankshares Corporation
Baltimore
Maryland Capital Enterprises, Inc.
Salisbury
McAuley Institute
Silver Spring
Mid-City Community CDE, LLC
Bethesda
Native American Capital, LP (NAC)
Silver Spring
Urban Research Park CDE, LLC
Hunt Valley
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Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.
Social Entrepreneurship
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Childcare Charitable Group Named Top Social Enterprise
Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”
