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Urban Action Community Development, LLC
Baltimore MDCDFI Awards for Urban Action Community Development, LLC
NMTC (2009) - $15,000,000
Urban Action Community Development, LLC (UACD) provides financial products and services for communities where visions of neighborhood transformation are stymied by a lack of access to capital. Features of UACD’s NMTC financing include below-market interest rates coupled with flexible financing features, such as no origination or placement fees, extended interest only periods and longer than standard amortization periods. The developments in UACD’s pipeline are all part of comprehensive neighborhood transformation programs and are designed to provide local retail and other services, while simultaneously creating a mix of affordable and market-rate housing, community facilities and business space.
NMTC (2008) - $50,000,000
: Urban Action Community Development, LLC (UACD) provides financial products and services for low-income communities whose visions of neighborhood transformation are stymied by a lack of access to capital. Features of UACD"s NMTC-financing include well below-market interest rates coupled with flexible financing features, such as no origination or placement fees, extended interest only periods and longer than standard amortization periods. The developments in UACD"s pipeline are all part of comprehensive neighborhood transformation programs and are designed to provide local retail and other services, while simultaneously creating a mix of affordable and market-rate housing, community facilities and business space.
NMTC (2007) - $75,000,000
Urban Action Community Development LLC (UACD) will predominantly focus on funding mixed-use developments that would otherwise have an insurmountable financing gap without the aid of NMTC enhancement. UACD intends to provide a mix of low-cost, flexible equity and low-interest subordinate debt with equity-like features to the projects, minimizing their required cash outlays and thus enhancing both their overall viability and their ability to provide financial incentives to prospective tenants. NMTC dollars will be used to help leverage a variety of other grants and public subsidies, including CDBG funds, brownfields funds, historic tax credits and tax increment financing.
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
Featured Government Grant Resources
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
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.
Social Entrepreneurship
Spotlight
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.”
