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Gateway CDE, LLC
Newark NJCDFI Awards for Gateway CDE, LLC
NMTC (2007) - $50,000,000
Gateway CDE will use the proceeds of its NMTC allocation to finance medium and large scale, urban real estate projects that were previously economically infeasible for its Controlling Entity. The requested allocation would enable Gateway CDE to increase its Controlling Entity’s current annual level of below market community development investment. Gateway CDE expects to provide a debt product that has no origination fees and significant interest rate reductions. In addition, Gateway CDE expects to provide equity investments that have no upfront or annual fees and minimal return expectations.
Other Community Development Financial Institutions in New Jersey
Elizabeth Development Company
Elizabeth
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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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