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Merrill Lynch Community Development Company
New York NYCDFI Awards for Merrill Lynch Community Development Company
NMTC (2007) - $112,000,000
Merrill Lynch Community Development Company’s (MLCDC) strategy is to lend and invest through community development intermediaries, building strategic relationships to benefit disadvantaged businesses and communities. MLCDC will offer flexible and significantly discounted debt and equity capital to CDFIs/CDEs, especially those that do not have their own NMTC allocation. The lowest rates and most relaxed terms will be offered to CDFIs in areas of increased distress, as wall as those that commit to pass through substantial benefit to their end-borrowers. MLCDC will deliver this low-cost, flexible capital in combination with an expanded financial advisory and technical assistance program.
NMTC (2006) - $93,000,000
The Merrill Lynch Community Development Company (MLCDC) will use its NMTC Allocation to provide low-cost, flexible financing to CDFIs and other mission-driven CDEs. The MLCDC will: 1) provide equity investments and senior and subordinated loan products; 2) purchase loan portfolios; and 3) offer technical expertise and financial structuring. The NMTC allocation will enable MLCDC to provide long-term risk capital in the form of equity or debt with equity features, make loans at interest rates significantly below market rates and with reduced up-front fees, and develop products with relaxed underwriting standards.
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
Hogansburg
BOC Capital Corp.
Brooklyn
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.
Bronx
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
Rochester
Project Enterprise
New York
Seedco
New York
Seedco Financial Services
New York
Seneca Nation of indians
Salamanca
Sephardic Angel Fund
Brooklyn
St. Charles Borromeo Church FCU
New York
The Disability Fund, Inc.
Albertson
UA, LLC
New York
Westchester Housing Fund, Inc.
Hawthorne
Women"s Venture Fund, Inc.
New York
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