Adaptive Reuse Topic - Community Development Entity

Adaptive Reuse Topic - Community Development Entity

Website: Community Development Financial Institution (wikipedia)
http://en.wikipedia.org/wiki/Community_development_financial_institution

This link leads to a general user-generated definition of a Community Development Financial Institution. In the article, a CDFI is defined as 'a financial institution that: has a primary mission of community development, serves a target market, is a financing entity, provides development services, remains accountable to its community, and is a non-governmental entity.' The article then lists several different examples of CDFI's.

Website: CARS Ratings system for CDFI Ratings
http://carsratingsystem.net/default.asp

This website is a link to a rating system that rates different CDFI programs. There is a searchable database that shows different rated CDFI's in a selected area and allows for purchase of a complete rating of that CDFI. This could be helpful for investors seeking a reputable CDFI to work with.

Article: The New Markets Tax Credit: The "Forgotten" Incentive
http://www.areadevelopment.com/taxesIncentives/dec09/new-markets-tax-credit-incentive1103.shtml?Page=1

This article discusses the use of CDE's and the New Market Tax Credit program. There are two case studies that show use of the NMTC program in order to get a development project underway. In order to use a NMTC through a CDE, the project needs to fall in a low income community and meet other specific criteria.