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$1 Million in New Markets Tax Credit Funds

Farmington Foods

Additional Local Food Supply and Food-Based Jobs Created in Illinois

Farmington Foods Community Development Project

Located in Forest Park, Illinois, Farmington Foods has been a family-owned and operated business since it was established in 1972, and specializes in portioning and packaging fresh pork and other quality meats and custom cooking of prepared foods. Some of their largest customers include Aldi, Sam’s Club, Meijer, and Trader Joes, and they serve international markets.

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In 2015, Farmington Foods started looking to buy adjacent land and expand their facilities for the purpose of implementing new manufacturing lines in order to meet a recent increase in demand. The business already employs 145 people, and after this 20,000 square foot expansion of their facilities, they would be able to provide 45 additional jobs to those who need them.

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CBO saw the potential for much-needed job creation, and its subsidiary, Community Development Funding, contributed $1 million in State New Markets Tax Credit financing. This was in partnership with Twain Financial Partners and Urban America, leaders in the industry. Thanks to CDF, additional local food supply and food-based jobs will be created in Illinois.

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

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NEIGHBORHOOD CENTERS, INC., BAKER-RIPLEY NEIGHBORHOOD CENTER

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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 can take a leadership role in developing a capital stack for transformative projects in disadvantaged communities or fill a gap for projects that have almost all the capital they need to proceed by being an access point to a variety of federal programs. Expert guidance is provided for strategy development, followed by drafting narrative responses and assembling (or preparing) the myriad documents associated with federal funding applications.

Expert Guidance for Securing Financing

We offer specialized services to secure financing for transformative projects, including:

Project Planning and Financial Modeling

Comprehensive planning and financial modeling for project feasibility and sustainability
Project Planning And Financial Modeling

Financing Request Package Development

Assistance in developing detailed financing request packages
Financing Request Package Development

Structured Financing Solutions

such as tax-exempt bonds and tax-credit financing structures
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
community-development-project-funding

The funding is out there

CBO can be your access point for a variety of federal financing and subsidy programs, including those offered by the CDFI Fund, EPA, USDA and other agencies.
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
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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