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Chase New Markets Corporation
New York NYCDFI Awards for Chase New Markets Corporation
NMTC (2009) - $40,000,000
Chase New Markets Corporation (CNMC) will use its NMTC allocation to finance businesses, commercial real estate ventures, community based facilities, and CDFIs operating in low-income communities. With the NMTC allocation, CNMC will go into areas of higher economic distress and finance businesses that are otherwise unable to obtain adequate financing from conventional sources. CNMC assists these businesses by offering flexible financial products, including senior debt at below-market interest rates and with no fees; below-market interest rate loans; flexible loan structures and better than market underwriting terms.
NMTC (2008) - $85,000,000
Chase New Markets Corporation (“CNMC”) will use its NMTC allocation to finance small and middle market businesses, commercial real estate ventures, community based facilities, and CDFIs in Low-Income Communities. The NMTCs enable CNMC to go deeper into areas of higher economic distress and finance businesses that are otherwise unable to obtain adequate financing from conventional sources. CNMC will offer loans at interest rates significantly below market and subordinated debt financing with no fees. CNMC will also continue to incorporate flexible underwriting standards including higher-than-standard loan-to-value ratios, debt service coverage ratios and/or longer repayment terms in order to provide borrowers with greater access to capital.
NMTC (2007) - $60,000,000
Chase New Markets Corporation ("CNMC") will use its NMTC Allocation to offer products and programs that will meet the needs of small and middle market businesses, commercial real estate ventures, community based facilities, and CDFIs operating in Low-Income Communities. CNMC will offer loans at interest rates that are below market, with reduced up-front fees and relaxed underwriting standards for its borrowers, including higher-than-standard loan to value ratios and/or longer repayment terms in order to provide borrowers with greater access to capital than previously possible. CNMC plans to focus a substantial portion of its allocation in the Gulf Coast states that were devastated by Hurricanes Katrina and Rita.
(0) - $0
Other Community Development Financial Institutions in New York
AAFE Community Development Fund
New York
ACCION New York
New York
Adirondack Economic Development Corporation
Saranac Lake
Akwesasne Indian Housing Authority
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BOC Capital Corp.
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Carver Federal Savings Bank
New York
CDCLI Funding Corporation, Inc.
Centereach
Citibank NMTC Corporation
New York
Commercial and Industrial Capital Corporation
Staten Island
Credit, Inc.
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GS New Markets Fund
New York
HEDC New Markets, Inc
New York
Home Headquarters, Inc.
Syracuse
Iroquois Venture Corporation
Hogansburg
JobStart Chautauqua, Inc.
Mayville
MSD New Markets, Inc
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Nos Quedamos
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NYCB Community Development Corp
Westbury
Progressive Neighborhood FCU
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Project Enterprise
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Seedco
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Seedco Financial Services
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Seneca Nation of indians
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Sephardic Angel Fund
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St. Charles Borromeo Church FCU
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The Disability Fund, Inc.
Albertson
UA, LLC
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Westchester Housing Fund, Inc.
Hawthorne
Women"s Venture Fund, Inc.
New York
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