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$10 Million in New Markets Tax Credit Financing

Capital Trust Agency
Community Development Entity

Investing Into Redevelopment Projects that Contribute to The Revitalization of Florida’s Disadvantaged Communities

CTA-CDE Community Development

Capital Trust Agency (CTA), was formed in August 1999 by two local government agencies – the City of Gulf Breeze, Florida and the Town of Century, Florida. This legal separate entity was created for the public purpose of promoting, planning, establishing, financing, acquiring, constructing, equipping, operating, maintaining, repairing, and leasing projects and establishing, implementing, financing, and administering programs.

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Capital Trust Agency Community Development Entity, LLC (CTA-CDE) is a subsidiary of CTA and is a CDE with the primary mission of revitalizing disadvantaged communities. This is achieved by offering non-traditional loans and investments toward redevelopment programs located throughout Florida’s severely distressed, previously underserved neighborhoods.

CDE Start-Up Services

CBO Financial provided the CTA-CDE with CDE start-up services and assisted the organization in writing and submitting two successful NMTC applications, one resulting in a $75 million federal NMTC award, and the second a $10 million state of Florida NMTC award. CTA-CDE is the first CDE to secure a Florida State NMTC allocation.


NMTC Placement Agent Services

The CTA-CDE spent $30 million of their NMTC allocation on the Vince Whibbs Sr. Community Maritime Park, a $46 million project in Pensacola, Florida. CBO’s NMTC placement services then helped the CTA-CDE successfully raise $16 million from other CDEs to complete financing for the project.

The Maritime Park will be a focal point of the regional community and provide much-needed services and recreational opportunities while simultaneously removing blight in a severely distressed Census Tract. The NMTCs will help support private development of a multi-use project that includes residential, retail, hotel and office space, a conference center, a community multi-use facility, a maritime museum and a 3,500-seat multi-use stadium for the Pensacola Pelicans baseball team.

CBO continues to represent the CTA-CDE as its NMTC consultant and advisor by assisting the organization in locating projects, structuring financing packages by working closely with their auditing and legal advisory firms, and continuing to help them meet their mission.

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“Our governing board retained CBO Financial to ensure our CDE would perform as desired. We have found their support and expertise throughout the NMTC process to be quite valuable, and that their fee structure is fair. We highly recommend CBO Financial for any consultative services related to the NMTC program.”

Ed Gray III
Executive Director
Capital Trust Agency (CTA)

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.
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iLearn Academy Charter School

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FARMINGTON FOODS

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EASTERN PUERTO RICO PROMISE ZONE: ROOSEVELT ROADS

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JIM’S LOCAL MARKET

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THE SALVATION ARMY OF GREATER CLEVELAND: “THE CLEVELAND PLAN”

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SUMMER TOWN ESTATES COMMERCIAL CENTER, DEDEDO, GUAM

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NEIGHBORHOOD CENTERS, INC., BAKER-RIPLEY NEIGHBORHOOD CENTER

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CTA-CDE

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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

Other Financing Services

CBO Financial provides a range of services to help plan and finance projects located in low income communities, including below-market loans and subsidies.

Project Planning And Financial Modeling

Start a project right by identifying anticipated predevelopment expenses, project budget, sources/uses of funds, cash flow forecasts and debt service coverage.
Project Planning And Financial Modeling

Financing Request Package Development

Developing a comprehensive Financing Request Package (FRP) is an important first step in securing financing and/or project subsidies for community development.
Financing Request Package Development

US Department of Agriculture Programs (USDA)

The USDA offers various economic development projects; two of which are beneficial to community development projects are the Community Facilities and Rural Utilities Programs.
US Department of Agriculture Programs (USDA)

HISTORIC TAX CREDIT APPLICATION Assistance

CBO Financial can assist and take a leadership role in developing both Part I and Part II federal and state Historic Tax Credit applications.
HISTORIC TAX CREDIT APPLICATION Assistance

RACP APPLICATION PREPARATION Assistance

Redevelopment Assistance Capital Program is intended for regional economic, cultural, civic, recreational, and historical improvement in Pennsylvania.
PENNSYLVANIA RACP APPLICATION PREPARATION

Puerto Rico Financing Programs Assistance

Puerto Rico financing programs offers many community development opportunities for mainland investors and local business owners.
Puerto Rico Financing Programs Assistance

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
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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