Port Huron CDE, LLC

Port Huron MI


The Port Huron CDE will use its NMTC allocation to provide subordinate-debt to projects designed to revitalize downtown Port Huron, which suffers from high vacancy rates and high rates of unemployment. The businesses and real estate investments targeted for financing will be job-creation engines that will have a significant impact on the community, with a focus on health care, industrial, mixed-use projects and community facilities. The Port Huron CDE intends to offer debt products at rates up to 50 percent below-market, so that scheduled projects can receive financing necessary to proceed.

CDFI Awards for Port Huron CDE, LLC


NMTC (2007) - $15,000,000

The Port Huron CDE will use its NMTC allocation to provide subordinate-debt to projects designed to revitalize downtown Port Huron, which suffers from high vacancy rates and high rates of unemployment. The businesses and real estate investments targeted for financing will be job-creation engines that will have a significant impact on the community, with a focus on health care, industrial, mixed-use projects and community facilities. The Port Huron CDE intends to offer debt products at rates up to 50 percent below-market, so that scheduled projects can receive financing necessary to proceed.



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