harlem-heights-cultural-arts-and-community-center-florida-nmtc-placement-Building
$5 Million of New Markets Tax Credit Allocation

Harlem Heights Cultural
Arts & Community Center
Fort Myers, FL

Breaking The Cycle Of Poverty In The Harlem Heights Neighborhood

Harlem Heights Cultural Arts & Community Center - Florida Community Development Project

The Heights Foundation, Inc., the project owner, works to break the cycle of poverty in the Harlem Heights neighborhood with a mission to promote family and community development, support education and wellness, and provide the benefits of the cultural and expressive arts. The foundation is a grassroots, hands-on organization that celebrates the strength and diversity of the community.

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The Harlem Heights Cultural Arts & Community Center is a 14,000 sf facility designed to offer a variety of programs for children and adults – The Heights Foundation’s goals revolve around family development, economic self-sufficiency, learning and enrichment opportunities, wellness and personal growth, and access to expressive and cultural art programs. The center will also be the home of the Senior Friendship Centers lunch program which offers a daily hot lunch to local senior citizens. The Fort Myers’ Harlem Heights community is a severely distressed area where the average household income is less than $29,000 per year; 36% of Harlem Heights families live in poverty, which is double the rest of Lee County.

Harlem Heights 12-5-19

CBO Financial secured $5 M in New Markets Tax Credits to complete the Harlem Heights Cultural Arts & Community Center, which had sat partially completed for three years before the tax credit subsidy provided the funding needed to complete the facility.

MILLIONS OF DOLLARS. IMMEASURABLE RETURNS.

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

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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
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 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