Featured:

HCI Construction

New Orleans, LA (2003)

COMMUNITY IMPACT
  • 28 FTE jobs
FINANCING SOURCES
  • NMTC amount: $10,000,000
  • Total Project Costs: $10,000,000
  • CDE:
PROJECT LOCATION

909 Poydras Street

New Orleans, LA 70112

Project Description

The Advantage Capital Community Development Fund was created to increase the investment capital available to entrepreneurs in Low-Income Communities throughout the nation, particularly those communities within New Orleans, St. Louis and other markets where Advantage Capital manages other, non-New Markets investment funds. The Fund is able to use the incentives offered by the New Markets Tax Credit program to access Advantage Capital’s deep and diverse stable of investors both to raise large pools of capital dedicated for investment in these areas and, when appropriate, to provide investment for entrepreneurial businesses that are not adequately served by traditional capital providers