CBO Financial

Portfolio

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

CBO Financial is Able to Fill a Need for a Sector that Banks Either Ignore or Perceive as High-Risk

We understand the challenges faced by project sponsors working in low-income communities

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.

CBO is dedicated to funding projects that will help to revitalize the nation’s most disadvantaged communities. We work throughout the United States and its territories including Puerto Rico, Guam, and the USVI; in fact we were the first to fund New Markets Tax Credit transactions in Puerto Rico, and recently took a leadership role in helping a Guam-based client secure an allocation award.

CBO has taken a leadership role in the investment of

Over $1 billion 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.

MILLIONS OF DOLLARS. IMMEASURABLE RETURNS.

These are the real success stories of how CBO Financial has been able to help its clients obtain funding for life-changing projects.

iLearn Academy Charter School

The iLearn Academy Charter School in Dededo is the first brand new public school to be built on Guam in over 10 years. ILearn will provide 900 K-5 students with programs to increase students’ Science, Technology, Engineering, and Math (STEM) skills by integrating technology into the curriculum. The 3.6-acre campus includes 30 classrooms, a large cafeteria/dining facility designed to allow on-site meal preparation with a focus on healthy food initiatives, and a full-size gymnasium. CBO Financial wrote the original NMTC Allocation Application for the Guam-based CDE that provided $20M in NMTCs for the $33M project, and coordinated closing.

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.

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.

JIM’S LOCAL MARKET

CBO provided $3.5 million in New Markets Tax Credits funds to bring Jim’s Local Market, a 69,000 square foot fully-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.

ronald-mcdonald-house-ft-worth-tx-400x300

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 22.9% 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.

salvation-army-greater-cleveland-400x300

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.

SUMMER TOWN ESTATES COMMERCIAL CENTER, DEDEDO, GUAM

CBO Financial secured $5 million 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.

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.

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.

FLORECE HIDROPONIA, MOROVIS, PUERTO RICO

CBO Financial’s subsidiary, Community Development Funding, provided $3.6 million 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.

NEIGHBORHOOD CENTERS, INC., BAKER-RIPLEY NEIGHBORHOOD CENTER

CBO Financial provided $2.9 million in NMTC financing for the new construction of the Baker-Ripley Neighborhood Center. Their area in Houston, TX was one of the city’s poorest, with a 26.7% poverty rate and 52.4% of benchmarked median family income.

HARLEM HEIGHTS CULTURAL ARTS & COMMUNITY CENTER, FORT MYERS, FL

CBO Financial took a leadership role in securing $5 million in New Market 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.

st-margarets-at-mercy-new-orleans-400x300

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 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.

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.

FARESTART CULINARY ACADEMY

CBO provided $17 million in New Market Tax Credits and Historic Tax Credits to help this Seattle, Washington based nonprofit renovate and upgrade their building.

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.

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.

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

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.

Learn more

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

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