Community Staples CDFI Deal Examples
Community Staples CDFI Deal Examples showcase various projects such as building a new health center in Bronx, expanding healthcare services in Minnesota, and strategic community outreach partnerships. These examples demonstrate how Community Development Financial Institutions (CDFIs) support initiatives in low-income communities to promote economic development and access to essential services. Each deal highlights the collaboration between CDFIs, organizations, and communities to address specific needs and create positive impact.
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Training Module: Community Staples CDFI Deal Examples This training contains general information only and Deloitte is not, by means of this training session, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This training is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this training session. Provided by: Page 0
CDFI Deal Example: Primary Care Development Corporation Children's Aid Society Builds New Bronx Health Center to Serve 4,000 Children Terms: $7 million 25 year 5.26% fixed rate loan from PCDC, up to 25% of loan is guaranteed New Markets Loan Program - Offers below-market, long-term fixed rate loans to expand primary care in low-income communities Part of the US Dept. of Treasury's New Markets Tax Credits (NMTC) Program Source: http://www.pcdc.org/news/press-releases/the-childrens-aid-society-to.html Provided by: Page 1 Page 1
CDFI Deal Example: Initiative Foundation Expanding Healthcare Services in Minnesota Stearns-Benton Employment & Training Council Project: Certified Nursing Assistant Course for English Language Learners Grant Amount: $10,000 Program: Workforce Development This project is a way to help central MN residents, with an emphasis on English Language Learners, prepare for and enter a career in healthcare support. This is building on a successful pilot program and increasing the capacity to complete more training. Provided by: Page 2 Page 2
CDFI Deal Example: Seedco Financial Services - Strategic Community Outreach Partnerships Without branches they have sought out alternative outreach strategies Rely on partnerships with community-based organizations with aligned interests as qualified referral sources support each other with building community credibility Provide partners with information on target small businesses and parameters of borrowing Partners organize groups of community business owners Format: Roundtable discussion with 5 minute summary of Seedco and the remaining time to listen to issues of businesses Outcome: high conversion rate to borrowers Provided by: Page 3 Page 3
CDFI Deal Example: Boston Community Loan Fund CropCircle Kitchen Expansion of Shared Kitchen Space CropCircle is Boston s only shared commercial kitchen and food business incubator Financing towards the renovation of a 36,500 sq/ft abandoned meat processing plant will support the expansion of CropCircle s shared use space CropCircle Kitchen would also be responsible for property management Partners believe that with a multi-tenant approach focused on small- scale food production businesses it can be fully leased within 10-12 months Site expected to employ 100-150 people Funders are increasingly interested in supporting healthy food initiatives in low income areas Provided by: Page 4 Page 4
For further information, see the Community Staples section of the Virtual Resource Bank About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Provided by: Page 5
