Perfecting Financing Strategies
The Early Beginnings
Formerly known as Campus Development Associates, we originally focused on financing educational facilities. Due to difficulty securing capital for nonprofit schools, we pioneered the use of tax-exempt bond financing for facility projects. At the time, utilizing tax-exempt financing for small to midsized projects ($4 to $10 million) sponsored by local nonprofits was virtually uncharted territory.
Our founders assembled a team and a network of investors to fund facility projects for numerous agencies — often at 100% of project cost — via the privately placed tax-exempt bond market. As we perfected our financing strategies, we expanded expertise in a range of options to close financing gaps.
Utilizing a powerful financing tool
A Variety Of Sources To Secure Gap Financing
Since 2003, we have utilized the federal New Markets Tax Credit (NMTC) program as a powerful financing tool. As a testament to our team’s effectiveness, the US Treasury Department has made six NMTC awards totaling $150 million to our subsidiary Community Development Funding, LLC. Additionally, we have led the process for clients resulting in eighteen NMTC awards totaling over $1 billion.