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CDE: Urban Development Fund (Aries Capital)

Urban Development Fund (Aries Capital) website

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

The most talked-about neighborhood in Austin ()

Mobile Loaves & Fishes built a supportive community for people transitioning out of chronic homelessness. A planned expansion will more than triple its size.
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Mobile Loaves and Fishes – Community First Village Phase II (2021)

Austin, TX
  • Addiction Treatment, Affordable Housing, Behavioral Health, Community Center, Community Kitchen, FQHCs, HFFI, Homeless Services, Nonprofit Hub, Vocational Training
  • CDEs: Urban Development Fund (Aries Capital)
Mobile Loaves will use UDF’s investment to finance the new construction of a campus providing affordable housing and supportive services for Austin’s homeless community.
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R & B Machine (2013)

Huntsville, AL

R & B Machine is a leading manufacturer of highly engineered aerospace components and assemblies, specializing in the precision machining, fabrication and EDM of complex, tight tolerance, mission critical metal

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Midway Center, Jones Center (2021)

Chicago, IL

Social service provider for low-income families. Project supports the major renovations and program expansion at two MFS facilities. Major upgrades and 5,000 sq. ft. expansion to create a modern 18,600

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Grand Opening Scheduled for Bear Levin Studer Family YMCA ()

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PlazAmericas (2011)

Houston, TX
Rehabilitation of the former Sharpstown Mall.
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Meals on Wheels San Antonio (2021)

San Antonio, TX
New construction of a 43,730 sq. ft. facility that will have an optimized production kitchen with increased cold and dry storage; an efficient food preparation space; a dedicated volunteer training
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Florida Aquarium (2013)

Tampa, FL
A private non-profit educational organization located on Clearwater Beach, FL expanded, creating a world-class facility.
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Downtown Rescue Mission (2016)

Huntsville, AL
  • Behavioral Health, Community, Daycare and Early Childhood, Food Bank or Pantry, Healthcare, Homeless Services, Homeless Shelter, Shelters and Community Food, Youth and Families, Youth Program
  • CDEs: Urban Development Fund (Aries Capital)
The Building Hope project is a new construction of a 30,230 sq. ft. facility with both shelter and longer-term housing for 64 single adult women and 48 families.
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The Center for Pursuit (2020)

Houston, TX
Financing to acquire, develop, construct and lease certain improvements on a campus providing services for persons with intellectual and developmental disabilities.
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Friend Health Woodlawn HQ (2020)

Chicago, IL
Construction of a 38,000 square foot new medical clinic and corporate offices located in the economically distressed and medically underserved neighborhood of Woodlawn on Chicago’s south side.
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The Briscoe Western Art Museum (2011)

San Antonio, TX
NMTC financing supported the construction of The Briscoe Western Art Museum
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Bear Levin Studer Family YMCA (2014)

Pensacola, FL
The NMTC financed the construction of a brand new YMCA.
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Bethany Village (2013)

Nauvoo, AL
  • Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Disability Services, Recreation, Rural, Youth and Families
  • CDEs: Urban Development Fund (Aries Capital)
An expansion of Camp McDowell, a private retreat and camp that primarily serves people with disabilities and low-income persons.
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Goodwill Easter Seals of the Gulf Coast (2013)

Mobile, AL
  • Adult Education, College or Vocational Training, Community, Community Center, Disability Services, Goodwill, Vocational Training, Youth and Families
  • CDEs: Urban Development Fund (Aries Capital)
Goodwill Easter Seals of the Gulf Coast is a nonprofit agency serving 12 counties in the Alabama-Florida Gulf Coast area.
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Carnival Center for Excellence (2015)

Miami, FL
After 57 years of serving Miami in rental facilities, the Big Brothers Big Sisters Miami Foundation, Inc. secured a pledge to gain site control for a facility to become the
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Houston Food Bank 1 (2016)

Houston, TX
The Houston Food Bank utilized NMTC financing to rehabilitate and add space to their current properties and to move the location of their kitchen to this updated site in order
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Roseland Community Hospital (2011)

Chicago, IL
Roseland used $19.7 NMTC million investment to fund two critical projects: (1) the creation of the Adolescent Behavioral Health Unit, a 28-bed inpatient psychiatric care program for at-risk teenagers; and
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University of Chicago Medical Center (2017)

Chicago, IL
UDF provided financing to the University of Chicago Medical Center for completion of multiple projects.
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