CIDC provides consulting services to governmental entities and non-profit corporations for the purpose of stimulating economic development and creating affordable housing.
CIDC draws upon a network of nationally recognized developers and financing sources to carry out the approval process, building construction, and marketing of projects.
CIDC has assisted client communities in funding several billion dollars of industrial, office, lodging and mixed-use sectors including a mining company in New Jersey, a regional arts complex in Reading, Pennsylvania, several restaurants in Austin, Texas, a sign manufacturer in Rivera Beach, Florida, the garages for the new Yankee Stadium in the Bronx, New York, and a wide assortment of manufacturing facilities, hotels, office buildings, and malls.
In assisting Public Entities with the Section 108 Program, CIDC provides and has provided the following assistance:
Underwrites the projects to see if they can be financed. This includes detailed P&L and Balance sheet analysis to determine adequate cash flow to repay the loan and adequate collateral. Personal financial statements are also analyzed. CIDC prepares a complete written loan analysis.
Assists in the preparation and submission of the 108 Package to both the HUD Field Office and the Central Office.
Assists the public entity in attracting private financing to the project.
Assists the public entity with HUD compliance, closings and servicing issues.
Is available and frequently attends negotiating sessions with the Borrower.
CIDC also has considerable experience with the SBA 504 Program and the SBA 7A program.
CIDC banking associates:
CIDC has working relationships with several banks ranging from national banks to regional, community banks such as
Berkshire Bank
Fulton Bank
JP Morgan Chase Bank
Bank of Belle Glade
ABC Bank
Provident Bank
Customers Bank
Key Bank
Bank of Greene County
First Bank of Clewiston