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Harbor Bankshares Corporation
25 West Fayette StreetBaltimore MD, 21201-3702
CDFI Awards for Harbor Bankshares Corporation
NMTC (2009) - $20,000,000
Harbor Bankshares Corporation (HBC) will use its NMTC allocation to continue its participation in the holistic redevelopment of the greater Baltimore metropolitan area in conjunction with state and city agencies, private developers, and other community stakeholders. HBC will offer equity-like debt and subordinated debt, and debt with significantly below-market interest rates and flexible terms, including higher than standard loan-to-value ratios, and longer interest-only and amortization periods to projects in targeted low-income communities. Typical investments will be for the development and/or rehabilitation of commercial real estate (including office, retail, and mixed use space), workforce and affordable housing, and community facilities.
NMTC (2008) - $50,000,000
Harbor Bankshares Corporation (HBC) will use its NMTC allocation to continue its participation in the holistic redevelopment of the greater Baltimore metropolitan area in conjunction with state and city agencies, private developers, and other community stakeholders. HBC will offer equity-like debt and subordinated debt, and debt with significantly below market interest rates and flexible terms, including higher than standard loan-to-value ratios, and longer interest-only and amortization periods to projects in targeted low income communities. Typical investments will be for the development and/or rehabilitation of commercial real estate (including office, retail, and mixed use space), workforce and affordable housing, and community facilities.
NMTC (2003) - $50,000,000
Harbor Bankshares Corporation will likely use its allocation to support up to five distinct investment funds: (1) a real estate development fund for the single purpose of developing the housing and business infrastructure relating to the development of a $800M bio-tech park; (2) a real estate equity fund; (3) a real estate development fund, in partnership with Fannie Mae, for the development of "for sale" housing in targeted low-income communities; (4) a small business loan fund; and (5) a commercial loan fund to finance large scale mixed use projects and medium to large sized businesses. Harbor Bankshares intends to take advantage of best-practices financing of low-income urban areas by partnering with local managers with compelling track records and, for the real estate equity fund, a nationally recognized management team. The flexibility that the NMTC Program allows Harbor Bankshares to expand its product mix to include loans with longer amortization periods, longer interest-onl
Other Community Development Financial Institutions in Maryland
Advance Bank
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Baltimore Community Lending, Inc.
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CDF Development, LLC
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Charter Facilities Funding, LLC
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Community Development Ventures, Inc.
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Development Credit Fund, Inc. (DCF)
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ESIC New Markets Partners, LP
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Faith Fund, Inc.
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First Combined Community Federal Credit Union
UPPER MARLBORO
Harbor Bankshares Corporation
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Maryland Capital Enterprises, Inc.
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McAuley Institute
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Mid-City Community CDE, LLC
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Native American Capital, LP (NAC)
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Featured Government Grant Resources
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.
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
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