Puerto Rico Financing Programs

Invest in Puerto Rico

Puerto Rico offers many opportunities for mainland investors and local business owners.

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.

The Eastern Puerto Rico Promise Zone is comprised of the three communities of Ceiba, Fajarado, and Naguado in the Northeast corner of Puerto Rico. The area suffered a big financial loss when the Roosevelt Roads Naval Station closed in 2004. The three communities affected by this closure have joined forces to form the Local Redevelopment Authority of Roosevelt (LRA). The LRA plans to not only improve community infrastructure but also to rejuvenate economic activity in the region, increase access to health care, improve educational opportunity, reduce violent crime, and jumpstart job creation. In 2013, the Navy completed the transfer of 3,409 acres and 1,600 facilities to LRA.
Eastern Puerto Rico Promise Zone

The Local Redevelopment Authority (LRA) for Roosevelt Roads in partnership with more than 10 organizations will lead the Promise Zone initiative in Eastern Puerto Rico. With an unemployment rate of 17.34%, job creation is a key priority for the region. The LRA plan to spearhead job growth by partnering with MidAtlantic Shipyards to construct the Roosevelt Roads Marina, attracting film and TV projects, and building an advance ship recycling facility.

For additional information regarding various financing programs, please view the presentation made in May of 2019 at a “Invest in Puerto Rico” conference for which CBO Financial’s CEO, Craig Stanley, sat on a panel entitled “Opportunities for Mainland Investors”:  Investing in Puerto Rico. Also please view the Promise Zone Fact Sheet for additional details.

Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

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Our Financing Programs

The CBO Financial team specializes in helping project sponsors secure flexible, below-market financing with a focus on high-impact projects in low-income communities. Our financial experts are skilled at combining public and private funding sources so that projects that might have otherwise stalled can move forward quickly and cost-effectively.

We’ve financed over $1 billion in high-impact investments nationwide, including $150 million using New Markets Tax Credits awarded to a CBO subsidiary. Backed by powerful funding tools and expertise, you’ll be pushed through to the finish line.

New Markets Tax Credits

A federal subsidy program designed to incentivize development projects that help revitalize distressed communities.
New Markets Tax Credits

Property Assessed Clean Energy Financing

A new instrument for commercial property owners to finance improvements to existing property or close gaps in financing for new construction.
Property Assessed Clean Energy Financing

Federal Historic Tax Credits

The federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
Federal Historic Tax Credits

Community Development Financial Institutions

A federal subsidy program designed to incentivize development projects that help revitalize distressed communities.
Community Development Financial Institutions

US Department of Agriculture

The USDA offers several programs that can be useful for economic development projects, two of which in particular are the Community Facilities and Rural Utilities Programs.
US Department of Agriculture

Redevelopment Assistance Capital Program

The federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
Redevelopment Assistance Capital Program

Puerto Rico Financing Programs

Puerto Rico offers many opportunities for mainland investors and local business owners.
Puerto Rico Financing Programs

 Opportunity Zones

The Opportunity Zone program was enacted in the Tax Cuts and Jobs Act. Many of the major policy decisions related to Opportunity Zones were ceded to the states.
 Opportunity Zones

You see challenges. We see possibilities.
Your community sees change.

Established in 1999, CBO Financial is a financial consulting firm that specializes in helping businesses secure funding for development projects in the nation’s most distressed communities. Our experts understand how to present economic, environmental, and societal benefits to public and private organizations so your project receives the funding it needs to move forward quickly and reasonably. A CBO Financial subsidiary, Community Development Funding, LLC, has received six awards under the federal New Markets Tax Credit program totaling $150M. In addition the team has taken a leadership role in securing 18 awards for clients totaling over $400M.
Our Services
community-development-project-funding

The funding is out there

CBO can be your access point for a variety of flexible financing sources including gap financing using New Markets Tax Credits, Historic Tax Credits, Tourism Tax Credits, Property Assessed Financing, Opportunity Zone Funds and others.
Programs
community-development-project-financing

 a Significant Impact

CBO is on a mission to help elevate the lives of people living in distressed communities by providing flexible, below-market gap financing to high-impact projects that cannot otherwise move forward. Does your project qualify for financing?
Team
low-income-community-development-project-financing

Million-dollar stories

The CBO team has funded over $1 billion in projects for local and national nonprofits, for-profit developers, and municipal agencies. Our team can help you find the low-cost financing or new market tax credits needed for your projects.
Projects

Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

Reach out to our specialists to discuss how we can work together.
Get a Free Project Analysis