Overview

MBFC CDE, Inc. (“MBFC CDE”) is a nonprofit organization which supports economic revitalization and community development through its investments in, and loans to, real estate development projects and operating businesses located in urban and rural low-income communities in Mississippi.  MBFC CDE received a $20 million New Markets Tax Credit (“NMTC”) allocation in 2007 for use in recovery and redevelopment of the Gulf Opportunity Zone, and combines its efforts with the statewide issuer of Industrial Development Bonds, the Mississippi Business Finance Corporation (“MBFC”).

MBFC CDE will use its NMTC allocation to support a wide variety of projects, including warehousing and distribution facilities, shopping centers, hotels, processors and light and heavy manufacturing facilities located in low-income communities.  MBFC CDE’s strategy is to help businesses overcome financial barriers by providing subordinate loans with favorable terms to decrease risk for the senior lenders and ease the business’s cash flow burdens.  MBFC CDE’s NMTC allocation will also be used in conjunction with MBFC bond programs to further lower the costs of capital for businesses willing to invest in low-income communities in Mississippi.