Community Funding Group is a certified Community Development Entity that operates in the the States of Washington and Oregon. CFG works with non-profit organizations by providing allocations that allow them to realize a significant financial benefit from the New Martkets Tax Credit program. The use of the program brings equity funding to the non-profit's projects that is typically in the range of 15-20% of its total cost.
To date CFG has received a $30 million allocation award from the CDFI Fund in October 2008. Since signing the CDFI Fund’s allocation agreement in January 2009, CFG has successfully, as of June 2009, deployed approximately $24 million of its allocation on 3 projects - (see “Projects” tab). CFG is currently seeking a non-metro project to deploy the remainder of its allocation. CFG has also applied for an additional allocation award for the October 2009 round of awards.
In addition to supplying NMTC allocations and the related loans and investments to non-profit agencies’ projects, CFG also applies it expertise and industry connections to investors, lenders and other allocatees through its NMTC consulting practice.
If you would like to discuss accessing the funds available though a NMTC transaction, please feel free to contact us at any time to obtain general information concerning the NMTC program or to discuss your specific project.