Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
Page 25
Page 26
Page 27
Page 28
Page 29
Page 30
Page 31
Page 32
CommercialOfx16ceandRetailandIndustrialFacilityDevelopment27geographyx1eandx1etheyx1eneedx1etox1ebex1eax1esuccessfulx1eapplicantx1eforx1ethex1ecreditsx1einx1ethex1eyearx1ethatx1eyoux1eneedx1ethem.x1ex1eInx1eadditionx1eyourx1etypex1eofx1eprojectx1eneedsx1etox1ebex1eax1epriorityx1eforx1ethemx1esomex1especializex1einx1eonlyx1ebusinessx1e.nancingx1esomex1eforx1echarterx1eschoolsx1eetc..x1ex1eAnotherx1estructurex1eforx1eNMTCsx1ethatx1ebene.tsx1ecommunityx1edevelopmentx1eprojectsx1earex1edebtx1eproductsx1ecreatedx1ebyx1e.nancialx1einstitutionx1ethatx1einternallyx1epurchasesx1ethex1eNMTCsx1eandx1eusex1ethex1eproceedsx1etox1elowerx1einterestx1eratesx1eonx1econventionalx1edebtx1eproducts.x1ex1eBecausex1ethex1etaxx1ecreditsx1earex1eexpendedx1ebyx1ethex1einvestorx1einx1e7x1eyearsx1ethex1eloansx1earex1egenerallyx1eforx1e7x1eyearsx1eandx1eratesx1ewillx1ebex1e2x1ebasisx1epointsx1elowerx1ethatx1emarketx1erates.x1ex1eLoansx1ewillx1ebex1emadex1einx1eNMTCx1eeligiblex1eprojectsx1eandx1elocations.LOANsOuRcEsDEbT1.x1ex1eConventionalx1ex1eAsx1enotedx1einx1ethex1epreviousx1esectionx1econventionalx1e.nancingx1eforx1ecommercialx1eprojectsx1eisx1everyx1etough.x1ex1eItx1eisx1eimportantx1etox1elocatex1epotentialx1elendersx1eandx1einsurex1etheyx1eunderstandx1ethex1eprojectx1eandx1ethex1edevelopmentx1eteamx1ethex1enon-pro.tx1eandx1eitsx1esupportx1eteam.x1ex1eInx1esomex1ecasesx1ethex1esmallerx1eregionalx1ebanksx1emayx1ehavex1eax1eclosex1erelationshipx1ewithx1eyoux1eandx1esupportx1eyourx1eeffort.x1ex1eOncex1eyoux1egetx1epastx1ethisx1ehurdlex1eyourx1edealx1emustx1ebex1ex1csolidx1d.x1ex1eTherex1ewillx1ebex1esigni.cantx1eweightx1eputx1etox1ethex1estrengthx1eandx1ecapacityx1eofx1ethex1edeveloperx1eexperiencex1eandx1ebalancex1esheetx1eandx1eax1esolidx1erepaymentx1esourcex1estrongx1etenantsx1eandx1estrongx1ecashx1e8ow.2.x1ex1eOtherx1eLendingx1eInstitutionsx1eandx1eCommunityx1eDevelopmentx1eFinancialx1eInstitutionsx1eCDFIsx1ex1eThesex1eloanx1efundsx1earex1eusuallyx1esupportedx1ebyx1ethex1epublicx1eandx1eprivatex1esector.x1ex1eThesex1earex1epooledx1efundsx1ethatx1etargetx1eax1ecertainx1eindustryx1eorx1emarketx1eandx1ethesex1einstitutionsx1ehavex1ebecomex1everyx1estrongx1eandx1esuccessfulx1einx1etheirx1enichex1emarket.x1ex1eCDFIx19sx1earex1eloanx1efundsx1ethatx1earex1ex18certi.edx19x1ebyx1ethex1eUSx1eDepartmentx1eofx1eTreasuryx1eandx1ecanx1ebecomex1eeligiblex1eforx1efederalx1egrantsx1etox1esupportx1etheirx1eloanx1efunds.x1ex1eInx1eourx1ecurrentx1emarketsx1ethesex1eloanx1efundsx1earex1ethex1emostx1eactivex1e.nancialx1einstitutions.x1ex1ex1ex1eNOTEx1ex1eEveryx1eloanx1efundx1especializes.x1eThex1efundx1emayx1ebex1egeographicallyx1etargetedx1eandx1ewillx1etargetx1ecertainx1enichex1emarketsx1esuchx1easx1esmallx1ebusinessesx1emicrox1ebusinessesx1eorx1eaffordablex1ehousingx1edevelopment.x1ex1eTheyx1ecouldx1ebex1etargetedx1etox1eindividualsx1ebusinessesx1eorx1einx1esomex1ecasesx1enonpro.tx1eorganizations.x1ex1eAnx1eaddedx1edif.cultyx1eisx1ethatx1eeachx1ehasx1etheirx1eownx1elendingx1eguidelinesx1eandx1elimitsx1esox1eonex1emustx1elocatex1ethex1erightx1eloanx1efundx1eandx1ehopex1etheyx1ehavex1ethex1erightx1eproductx1eforx1eyou.3.x1ex1eCDBGSection108x1ex1eAnotherx1elesserx1eknownx1eresourcex1eisx1ethex1eusex1eofx1eSectionx1e108x1eloansx1ebyx1elocalx1egovernmentsx1ethatx1ereceivedx1eCDBGx1egrantsx1eseex1eCDBGx1eabove.x1ex1eThex1elocalx1egovernmentx1eentityx1ewouldx1eprovidex1eloansx1etox1eprojects.x1ex1eThex1elocalx1egovernmentsx1e108x1eloanx1efundsx1earex1esecuredx1ebyx1efuturex1eCDBGx1egrantx1efundingx1eandx1ethex1eloanx1emadex1etox1eyoux1eisx1esecuredx1ebyx1ethex1eprojectx1e.x1ex1eThex1eloanx1etermsx1earex1edeterminedx1elocallyx1eandx1eusex1eisx1esimilarx1etox1eCDBGx1erequirements.x1ex1ex1ex1ex1ex1eNOTEx1ex1eThisx1eisx1edebtx1eandx1emustx1ebex1erepaidx1emuchx1elikex1eax1econventionalx1eloan.x1ex1eTherex1eisx1elikelyx1eax1elongx1eapprovalx1eandx1eclosingx1eprocessx1esincex1emostx1elocalitiesx1edox1enotx1ehavex1eax1esetx1eprogramx1eforx1ethisx1e.nancing.x1ex1eUsex1eofx1ethisx1efundingx1ewouldx1elikelyx1ebex1esomewhatx1eswayedx1ebyx1elocalx1epoliticsx1esox1etalkx1etox1eyourx1ecouncilpersonx1eorx1esupervisorx1ealongx1ewithx1eyourx1ecommunityx1edevelopmentx1edepartment.4.x1ex1eOwnerx1eCarry-backx1ex1e501c3x1eBondx1eFinancingx1ex1eInx1ethisx1everyx1etoughx1erealx1eestatex1eandx1e.nancialx1emarketsx1esomex1eopportunitiesx1eexistx1eforx1einnovativex1estructuresx1ethatx1earex1eavailablex1etox1epotentialx1ebuyersx1ethatx1ehavex1eaccessx1etox1ecapital.x1ex1eManyx1elargerx1edeveloperinvestorsx1emayx1ebex1emotivatedx1etox1esellx1epropertiesx1ethatx1earex1evacantx1eandx1earex1einx1everyx1epoorx1emarkets.x1ex1eOwnersx1emayx1ebex1ewillingx1etox1ecarry-backx1e.nancingx1etox1emakex1ethex1edealx1ework.x1ex1eIfx1eyoux1eorx1eyourx1eprogramsx1earex1etenantsx1ethex1ebuildingx1ethisx1ex1cvaluex1dx1eandx1ecanx1eworkx1eforx1eyou.x1ex1ex1ex1ex1eAsx1eax1equali.edx1e501c3organizationx1ethex1ebuyerx1eisx1eeligiblex1etox1eusex1etax-exemptx1ebondx1e.nancingx1easx1ethex1emainx1esourcex1eofx1eacquisitionx1e.nancing.x1ex1eBasedx1eonx1ethex1eexemptionx1eofx1ethex1einterestx1eonx1ethex1ebondsx1efromx1ebothx1efederalx1eandx1eStatex1etaxationx1ethex1eresultingx1emortgagex1eratex1ederivedx1efromx1ethex1esalex1eofx1ethex1ebondsx1eisx1egenerallyx1e1x1e-x1e1.5x1ebelowx1econventionallyx1eavailablex1erates.x1ex1eForx1eexamplex1eifx1ethex1ebondx1eratex1eisx1esetx1eatx1e5x1ethex1etaxablex1eequivalentx1etox1ethex1einvestorx1einx1ethex1e35x1efederalx1eandx1e9.3x1eStatex1ebracketx1ewouldx1ebex1e8.977x1etheyx1edox1enotx1epayx1etaxesx1eonx1ethex1einterestx1eincomex1etheyx1ereceivex1easx1epartx1eofx1etheirx1e.nancingx1etox1ethex1eproject.