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$4 Million in New Markets Tax Credit Financing

Ronald McDonald House – Ft. Worth, Texas

Providing Much-Needed Support to The Families of Terminally Ill Children

Fort Worth Ronald McDonald House Community Development Project

Families with terminally ill children face challenges that seem insurmountable. They must travel to get their children the care they need and deserve, leading to separation that puts a strain on child, parents, and siblings alike. Families need to be able to stay together through this, but because of the costs of hotels near hospitals, that is not always an option.

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The Ronald McDonald House in Fort Worth, Texas aims to provide much-needed support to these families. In 2013, CBO’s subsidiary, Community Development Funding, provided $4 million in New Markets Tax Credit financing to expand their facility to include a kitchen and the Ronald McDonald Family Room, which is located inside Cook Children’s Medical Center. CDF’s investment also allowed them to expand to 106 beds and make façade improvements including lighting, signage, and the purchase of adjacent land which will improve access to the facility.

Prior to CDF’s investment, the House served 780 families per year. In 2014, thanks to the expansion made possible by CDF, the Ronald McDonald House served 967 families (a 24% increase) with a cumulative 14,009 nights of stays. On average, families stayed in the facility for 15 days. They operate in an area with 22.7% poverty, and an estimated 80% of guests are Medicaid recipients.

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The construction of the House was completed in June 2014, and created 18 additional jobs, several of which went to low-income people and provided benefits. Subcontractors were sourced locally, supporting 11 small, family owned businesses in the community. The vision of the Ronald McDonald house is never to turn away a family. Thanks to CDF’s investment, they are one step closer to that goal.

MILLIONS OF DOLLARS. IMMEASURABLE RETURNS.

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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
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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