CDE: Urban Development Fund (Aries Capital)

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

Community, Nonprofit Hub

CDE(s): Chase, Urban Development Fund (Aries Capital)

Mobile Loaves & Fishes built a supportive community for people transitioning out of chronic homelessness. A planned expansion will more than triple its size.

Mobile Loaves and Fishes – Community First Village Phase II

Austin,
TX
(2021)

Addiction Treatment, Affordable Housing, Behavioral Health, Community Center, Community Kitchen, FQHCs, HFFI, Homeless Services, Nonprofit Hub, Vocational Training

CDE(s): 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.

R & B Machine

Huntsville,
AL
(2013)

Manufacturing

CDE(s): Urban Development Fund (Aries Capital)

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

Midway Center, Jones Center

Chicago,
IL
(2021)

Nonprofit Hub

CDE(s): Chase, Urban Development Fund (Aries Capital)

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

Grand Opening Scheduled for Bear Levin Studer Family YMCA

Community, Recreation, YMCAs and YWCAs

CDE(s): Urban Development Fund (Aries Capital)

PlazAmericas

Houston,
TX
(2011)

Business Development, Retail, Retail and Commercial

CDE(s): Texas Mezzanine Fund, Urban Development Fund (Aries Capital)

Rehabilitation of the former Sharpstown Mall.

Meals on Wheels San Antonio

San Antonio,
TX
(2021)

Food Bank or Pantry, Shelters and Community Food

CDE(s): Chase, Corporation for Supportive Housing, Urban Development Fund (Aries Capital)

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

Florida Aquarium

Tampa,
FL
(2013)

Arts, Community

CDE(s): Urban Development Fund (Aries Capital)

A private non-profit educational organization located on Clearwater Beach, FL expanded, creating a world-class facility.

Downtown Rescue Mission

Huntsville,
AL
(2016)

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

CDE(s): 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.

The Center for Pursuit

Houston,
TX
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Disability Services, Food Bank or Pantry, Healthcare, HFFI, Homeless Services, Mixed-use, Nonprofit Hub, Restaurants and Catering, Retail, Retail and Commercial, Shelters and Community Food

CDE(s): Local Initiatives Support Corporation, PeopleFund NMTC, Texas Mezzanine Fund, Urban Development Fund (Aries Capital)

Financing to acquire, develop, construct and lease certain improvements on a campus providing services for persons with intellectual and developmental disabilities.

Friend Health Woodlawn HQ

Chicago,
IL
(2020)

Affordable Housing, Community, FQHCs, Healthcare, Mixed-use, Racial Equity, Retail, Retail and Commercial, Targeted Populations

CDE(s): MBS Urban Initiatives, SCORE, Urban Development Fund (Aries Capital)

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.

The Briscoe Western Art Museum

San Antonio,
TX
(2011)

Arts, Community, Museums

CDE(s): Texas Mezzanine Fund, Urban Development Fund (Aries Capital)

NMTC financing supported the construction of The Briscoe Western Art Museum

Bear Levin Studer Family YMCA

Pensacola,
FL
(2014)

Community, Recreation, YMCAs and YWCAs

CDE(s): Urban Development Fund (Aries Capital)

The NMTC financed the construction of a brand new YMCA.

Bethany Village

Nauvoo,
AL
(2013)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Disability Services, Recreation, Rural, Youth and Families

CDE(s): 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.

Goodwill Easter Seals of the Gulf Coast

Mobile,
AL
(2013)

Adult Education, College or Vocational Training, Community, Community Center, Disability Services, Goodwill, Vocational Training, Youth and Families

CDE(s): 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.

Carnival Center for Excellence

Miami,
FL
(2015)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Urban Development Fund (Aries Capital), USBCDE

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

Houston Food Bank 1

Houston,
TX
(2016)

Community, Food Bank or Pantry, Harvey, HFFI, Homeless Services, Shelters and Community Food

CDE(s): Urban Development Fund (Aries Capital)

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

Roseland Community Hospital

Chicago,
IL
(2011)

Addiction Treatment, Behavioral Health, Community, FQHCs, Healthcare, Hospitals and Emergency Services, Safety Net Hospital

CDE(s): Park National Bank Initiatives, Urban Development Fund (Aries Capital)

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

University of Chicago Medical Center

Chicago,
IL
(2017)

Community, Fighting Cancer, Healthcare, Higher Education

CDE(s): Urban Development Fund (Aries Capital)

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