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New Markets Redevelopment, LP
Oklahoma City OKCDFI Awards for New Markets Redevelopment, LP
NMTC (2009) - $10,000,000
New Markets Redevelopment LLC will use its NMTC allocation to provide below-market interest rate loans and soft equity investments for real estate projects in distressed low-income communities in or near downtown areas in the state of Oklahoma. Projects will include mixed-use buildings, office buildings, and health care facilities, with a focus on adaptive re-use of existing structures. The lower cost of capital created by the CDE’s below-market interest rates, interest-only loan terms, and flexible underwriting standards will support greater project funding and allow lower lease rates for project tenants.
NMTC (2008) - $50,000,000
New Markets Redevelopment, LLC will use its NMTC allocation to provide low interest rate loans and soft equity investments in support of real estate projects in low-income communities in near-downtown Oklahoma City, primarily in the Federal Empowerment Zone. Projects will include office buildings, health care facilities, and mixed-use buildings – including adaptive re-use of existing structures. Eligible projects must demonstrate not only significant economic impact in the low-income community, but also the promise of a catalytic impact in stimulating further investment. Projects will be selected with active input from community residents and businesses.
NMTC (2005) - $34,000,000
The New Markets Redevelopment LP (NMR-LP) will use its NMTC allocation to provide loans and equity investments for real estate construction and redevelopment projects in high-distress areas of Oklahoma City (primarily in the City?s Empowerment Zone). Projects will include office space, health care facilities, retail and mixed-use buildings, for-sale housing, and hotels. The NMTC allocation will enable the NMR-LP to offer new products with flexible and nontraditional terms, including soft equity, low interest rates and longer than standard periods of interest-only loan payments.
Other Community Development Financial Institutions in Oklahoma
Chickasaw Banc Holding Company
Oklahoma City
MetaFund Corporation f.k.a. Oklahoma MetaFund CDC
Oklahoma City
MetaMarkets OK, LLC.
Oklahoma City
Neighborhood Housing Services of Oklahoma City, Inc.
Oklahoma City
New Markets Redevelopment, LP
Oklahoma City
Osage Nation
Pawhuska
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