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The desire to make things better is what drives CBO Financial.

By understanding the challenges faced by project sponsors working in low income communities, and by building strong relationships with them, CBO is able to fill a need for a sector that banks either ignore or perceive as “high-risk” borrowers.

CBO is dedicated to funding projects that provide social services and healthy foods in the nation’s most disadvantaged communities. CBO works throughout the United States and its territories including Puerto Rico, Guam and the USVI.

CBO has taken a leadership role in the investment of over $850 million into low-income communities nationwide. While this number is significant, we believe our greatest achievements lie in the lives we have helped transform. A single mother on her way to a new career and a more secure life for her family. An ex-convict given a second chance and sharing it with others. And a child discovering that his future can shine brighter beyond the streets.

In the past, CBO’s investments have primarily focused on national nonprofit organizations providing community services such as education, health care, arts, and child care programs. Recently, CBO has broadened its focus by including projects committed to bringing healthy foods to low income communities through investment in food-related projects.

CBO is continually seeking new investment opportunities within low-income communities in the United States and its territories. We’d love to work together to transform your community. E-mail us at info@cbofinancial.com or call us at 410-730-0490 so we can get started.

Millions of dollars, immeasurable returns. These are the real success stories (click on each picture to learn more):

FARMINGTON FOODS
CBO contributed $1 million in State New Markets Tax Credit financing to a 20,000 square foot expansion of Farmington Foods, which specializes in portioning and packaging fresh pork and other quality meats in Forest Park, Illinois. Expanding this family-owned business creates additional local food supply and food-based jobs for the surrounding area.    (March 2016)

EASTERN PUERTO RICO PROMISE ZONE: ROOSEVELT ROADS
The first Promise Zone designation for Puerto Rico was designated in June of 2016 with the lead agency as the Local Redevelopment Authority of Roosevelt Roads.  Implementation partners include the municipalities of Ceiba, Fajardo and Naguabo, and CBO Financial.     (2016)

JIM’S LOCAL MARKET 
CBO provided $3.5 million in New Markets Tax Credit funds to bring Jim’s Local Market, a 69,000 square foot full-service grocery store providing healthy foods to a designated food desert in the Southeast Community Corridor of Newport News, VA, an area with one of the highest concentrations of poverty in the city.     (Jan. 2016)

RONALD MCDONALD HOUSE – FT. WORTH, TEXAS 
CBO provided $4 million in New Markets Tax Credit financing to expand the Ronald McDonald House in Fort Worth, Texas, which provides services to families of terminally ill children in an area with 22.7% poverty. The funding increased the number of families served to 967 with a cumulative 14,009 nights of stays; an estimated 80% of guests are Medicaid recipients. (2015)

THE SALVATION ARMY OF GREATER CLEVELAND: “THE CLEVELAND PLAN”
CBO assisted The Salvation Army in securing $18 Million in NMTC funding for the expansion of four new and/or renovated community center facilities, all of which are severely distressed.  More than 35% of the Cleveland population lives below the poverty level. (2015)

SUMMER TOWN ESTATES COMMERCIAL CENTER, DEDEDO, GUAM 
CBO Financial secured $5 M in New Markets Tax Credits to complete the first NMTC transaction on the island of Guam. Summer Town Estates Commercial Center is a mixed-use community center providing quality-of-life services in the heart of an affordable housing development for low-income and disabled seniors in the northern village of Dededo, Guam.     (2015)

RAY AND JOAN KROC CENTER, CAMDEN, NEW JERSEY
CBO assisted The Salvation Army in securing $28 Million in NMTC funding for this project.  This extraordinary project will impact Camden’s families for generations to come by targeting a population with a staggering 51% who live at or below the poverty line.     (2014)

COOS HISTORY MUSEUM, COOS BAY, OREGON
CBO provided $9 million of its New Markets Tax Credit allocation and secured an additional $8 million allocation from the State of Oregon, to relocate the Coos History Museum to the waterfront in severely distressed Coos Bay and expand the facility, revitalizing a deteriorating community devastated by unemployment 186% of the national average. (2014)

FLORECE HIDROPONIA, MOROVIS, PUERTO RICO
CBO Financial’s subsidiary, Community Development Funding, provided $3.6M in New Markets Tax Credit financing for Florece Hidroponia, a 175,000 sf hydroponic tomato production facility in Puerto Rico, that is growing 40,000 tomato plants in a low income community with 64% poverty and 22% unemployment, on an island that imports approximately 90% of its food. The project is an excellent example of a public-private partnership working to provide jobs and promote an industry of vital importance to Puerto Rico’s food security and healthy food initiatives.     (2014)

NEIGHBORHOOD CENTERS, INC., BAKER-RIPLEY NEIGHBORHOOD CENTER
CBO’s assistance netted $35 million in NMTC funding, applied to PACE centers; housing for the disadvantaged; and Social Services facilities that support low-income residents and communities.     (2009)

HARLEM HEIGHTS CULTURAL ARTS & COMMUNITY CENTER, FORT MYERS, FL
CBO Financial took a leadership role in securing $5 M in New Markets Tax Credits to complete the Harlem Heights Cultural Arts & Community Center after construction was halted due to lack of funds. The center provides services and programs to the Harlem Heights community in Fort Myers, FL, a severely distressed area where the average household income is less than $29,000 per year, and 36% of families live below the poverty level.     (2011)

ST. MARGARET’S NURSING HOME, NEW ORLEANS, LA
CBO Financial’s subsidiary Community Development Funding provided $11.3 million in New Markets Tax Credits to St. Margaret’s Daughter’s Home, a non-profit nursing home for low income elderly in the Lower 9th Ward of New Orleans, to build a new facility after the hospital suffered extensive flood damage from Hurricane Katrina. CBO is proud to have helped provide crucial  services in this distressed community with a poverty rate of 36%, while saving 145 jobs.     (2010)

VOLUNTEERS OF AMERICA, GREATER NEW YORK
CBO deployed $15 million in financing to construct VOA’s new preschool facility dedicated to children with developmental delays and $8 million in financing for the renovation of their 63-bed domestic violence shelter.     (2008)

FARESTART CULINARY ACADEMY
CBO provided $17 million in NMTCs and Historic Tax Credits to help this Seattle, Washington based nonprofit renovate and upgrade their building.     (2004)

VOLUNTEERS OF AMERICA NATIONAL SERVICES
CBO’s assistance netted $35 million in NMTC funding, applied to PACE centers; housing for the disadvantaged; and Social Services facilities that support low-income residents and communities.     (2010)

CTA-CDE
CBO assisted CTA-CDE in securing the first Florida State NMTC allocation of $10 million, bringing considerable change to a severely distressed Census Tract.     (2009)

CBO has taken a leadership role in helping mission driven organizations secure direct allocations of New Markets Tax Credits, including those listed below:

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