voagny-bronx-early-learning-center-volunteers-of-america-greater-new-york-1-370x250
$23 Million in New Markets Tax Credit Financing

Volunteers of America
Greater New York

Social Service Programs that Support and Empower Those in Need

Volunteers of America Greater New York Community Development

Volunteers of America is dedicated to helping those in need through social service programs that support and empower them to live safe, healthy and productive lives.

Founded in 1896, Volunteers of America (VOA) provides help to those in need while creating opportunities for people to serve others nationwide. Through their thousands of human service programs, including housing and healthcare, VOA helps more than 2 million people in over 400 communities in 46 states as well as the District of Columbia and Puerto Rico.

voans-volunteers-of-america-national-service-PACE-centers-low-income--NMTC-1-300x200-300x200

VOA is to be one of the world’s largest and most comprehensive nonprofit human services organizations, with 54 affiliates in 300 cities across the country. As an affiliated nonprofit agency of VOA, Volunteers of America - Greater New York, Inc. (VOA-GNY) is is dedicated to restoring hope, dignity and self-reliance to individuals and families in need.

Founded in New York City more than 100 years ago, VOA-GNY provides help to those in need while creating opportunities for people to serve others. They currently operate over 80 in the metropolitan New York area, Northern New Jersey and Connecticut. Services range from transitional shelters for families and individuals who are homeless to schools for children with developmental delays; from group homes for youth to in-home services for older adults trying to avoid institutionalization.

Bronx Early Learning Center

Programs for preschoolers with developmental delays in the Bronx are in very high demand. Many of the children come to the center unable to speak or walk, capable of performing very few activities typical for children their age. Two-thirds of the 260 children attending the Bronx Early Learning Center have developmental delays associated with autism, Down syndrome, attention deficit disorder and neurological and emotional issues, some associated with lead poisoning and fetal alcohol syndrome.

The existing Bronx school was in a leased building that was overcrowded. In 2006, CBO Financial created the financing plan to relocate the school into a building owned by VOA-GNY to house an expanded program in better-suited, customized facilities. CBO secured $15 million in NMTC allocation and senior financing for the new campus, which is located in a severely distressed area with a 50% poverty rate.

The Bronx Early Learning Center in its new home now prepares hundreds of preschoolers for success in kindergarten while helping to revitalize a blighted community. After graduating from the program, children leave transformed. Not just walking, but running; not just talking, but interacting in meaningful ways; and not just feeding themselves and putting on their own coats, but helping other children with theirs.

Liberty House

Volunteers of America offers a safe refuge for families and individuals recovering from domestic violence. In 2008, VOA-GNY approachedCBO once again for project financing help, which resulted in $8 million in NMTC allocations and senior financing to fund the construction of a new domestic violence shelter in New York City. The 63-bed shelter, located in an extensively renovated circa-1920s building in Harlem, offers medical and mental health services, crisis intervention, job and housing assistance, and legal advocacy.

The children benefit from interventions appropriate for their age and specific situations. Both children and adults are taught the skills they need to recognize, avoid and respond to violence.

voans-volunteers-of-america-national-service-PACE-centers-low-income--NMTC-2-300x200-300x200

Because of CBO’s successful ongoing partnership with VOA-GNY, our relationship with VOA affiliate agencies has expanded to include Volunteers of America-Chesapeake (VOAC) and also Volunteers of America National Services (VOANS). CBO is currently working closely with both organizations to secure project financing for a variety of projects through our NMTC placement services program.

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-400x300

iLearn Academy Charter School

Read More
farmington-foods-400x300

FARMINGTON FOODS

Read More
roosevelt-roads-400x300

EASTERN PUERTO RICO PROMISE ZONE: ROOSEVELT ROADS

Read More
jims-local-market-400x300

JIM’S LOCAL MARKET

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

RONALD MCDONALD HOUSE – FT. WORTH, TEXAS

Read More
salvation-army-greater-cleveland-400x300

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

Read More
summer-town-estates-400x300

SUMMER TOWN ESTATES COMMERCIAL CENTER, DEDEDO, GUAM

Read More
salvation-army-ray-joan-kroc-400x300

RAY AND JOAN KROC CENTER, CAMDEN, NEW JERSEY

Read More
coos-bay-museum-400x300

COOS HISTORY MUSEUM, COOS BAY, OREGON

Read More
florece-hidroponia-puerto-rico-400x300

FLORECE HIDROPONIA, MOROVIS, PUERTO RICO

Read More
baker-ripley-house-400x300

NEIGHBORHOOD CENTERS, INC., BAKER-RIPLEY NEIGHBORHOOD CENTER

Read More
harlem-heights-community-center-400x300

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

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

ST. MARGARET’S NURSING HOME, NEW ORLEANS, LA

Read More
voagny-bronx-400x300

VOLUNTEERS OF AMERICA, GREATER NEW YORK

Read More
farestart-seattle-400x300

FARESTART CULINARY ACADEMY

Read More
voans-pace-centers-400x300

VOLUNTEERS OF AMERICA NATIONAL SERVICES

Read More
cta-maritime-park-florida-400x300

CTA-CDE

Read More

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
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