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News Release


$50,000 DONATION FROM U.S. BANK CREATES FIRST FOOD CART PLAZA IN SEATTLE
Latino entrepreneurs launch businesses with innovative program


SEATTLE (March 31, 2017) – Seattle is getting its first food cart plaza thanks in part to a $50,000 donation from U.S. Bancorp Community Development Corporation, a division of U.S. Bank, to the nonprofit El Centro de la Raza.

USBCDC made the donation to El Centro’s Business Opportunity Center Program. The program is helping eight Latino entrepreneurs launch their food cart business at Plaza Roberto Maestas, 2524 16th Ave. S. April 1 is the first day the carts will open for business, making them the only place in Seattle to offer a concentration of such vendors.

“We are excited for all of our vendors to be able to grow their businesses and eventually open in a permanent location,” said Gricelda Montes, asset building programs manager at El Centro de la Raza. “USBCDC’s donation sets these entrepreneurs on a firm footing to launch their business and enables us to support the creation of Hispanic businesses that will enrich Seattle’s economy.”

Each of the eight vendors received $1,000 from the donation to help with start-up costs such as purchasing food. The donation also helped renovate El Centro’s commercial kitchen for the vendors to prepare some menu items in advance.

“"Plaza Roberto is already a destination in Seattle, and the addition of a food cart scene only enhances the vibrant, engaged community El Centro de la Raza has created on Beacon Hill. We at USBCDC are proud to support small business activities and look forward to many success stories from these courageous entrepreneurs,” said Ann Melone, vice president of affordable housing business development for USBCDC.

The entrepreneurs are renting the carts and space in the commercial kitchen from El Centro. They will offer a variety of Latin and American foods ranging from spicy fruits, tortas, cupcakes, ceviche, pupusas, hot dogs and more.

USBCDC invested $22.3 million in tax credit equity and $27 million in construction loans to build 112 affordable housing apartments at Plaza Roberto Maestas in 2015. Since 1998, USBCDC has invested nearly $245 million in tax credit equity in 28 affordable housing developments across Washington state.

With $22.6 billion in managed assets as of Dec. 31, 2016, U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country using state and federally sponsored tax credit programs. USBCDC's commitments provide capital investment to areas that need it the most and have contributed to the creation of new jobs, the rehabilitation of historic buildings, the construction of needed affordable and market-rate homes, the development of renewable energy facilities, and the generation of commercial economic activity in underserved communities. Visit USBCDC on the web at http://bit.ly/2p25jQi.

Minneapolis-based U.S. Bancorp (NYSE: USB), with $446 billion in assets as of Dec. 31, 2016, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,106 banking offices in 25 states and 4,842 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at http://bit.ly/2oEbIoy.


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Cincinnati Music Hall Financing in Place

CINCINNATI (October 13, 2016) - The Cincinnati Center City Development Corporation (3CDC), Music Hall Revitalization Company (MHRC), and the City of Cincinnati reached the long-awaited closing on the historic tax credit and bridge loan financing for the $135 million renovation of Cincinnati’s Music Hall. The closing, which occurred last week, puts in place a complicated structure that includes four banks, two forms of tax credits, and dozens of major philanthropic donors.

U.S. Bank, PNC Bank, and Fifth Third Bank are providing the bridge loan financing to the project, a $62.5 million loan to bridge construction costs as multi-year philanthropic pledges are realized over time. The debt also bridges part of the $45 million in Ohio and Federal historic tax credit equity, provided by AIG Global Real Estate, U.S. Bank Community Development Corporation, and First Financial Bank.

“The process of securing these loans with multiple sources proved to be a complicated exercise,” said Stephen G. Leeper, 3CDC’s president & chief executive officer. “But the credit goes to our local banking community for ensuring that one of the nation’s most treasured performance venues receives the necessary capital for massive improvements that will enhance the performer and patron experience.”

The project has approximately $3 million left to raise toward its goal. MHRC is spearheading that fundraising effort with $65 million already in place from major donors such as the Carol Ann & Ralph V. Haile, Jr. / U.S. Bank Foundation.

The rest of the project funding is coming from the City of Cincinnati and the State of Ohio through the Ohio Facilities Construction Commission.

“The renovation of Music Hall is made possible through a strong partnership,” Mayor John Cranley said. “I want to express my gratitude to 3CDC for their outstanding development efforts and to the Lindner Family, the Haile Foundation and Otto Budig for their generous financial contributions. The City, 3CDC, MHRC and many project stakeholders have collaborated to ensure that Cincinnati can enjoy this architectural gem for the next 150 years.”

The renovation began in August of 2015 with preliminary work backstage in Springer Auditorium. Work in the North and South halls commenced in December 2015, and Music Hall’s venerable performing arts tenants moved out in the second quarter of 2016 when the building closed for comprehensive work throughout. Music Hall will reopen in October of 2017.

Music Hall is owned by the City of Cincinnati and leased to MHRC, which contracts with the Cincinnati Arts Association (CAA) to manage the building. 3CDC is serving as the developer on the renovation project, with Messer Construction as the construction manager. The design team is comprised of PWWG, Martinez + Johnson, Schuler Shook, and Akustiks.



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Primary Care Development Corporation, U.S. Bancorp to Finance
New Family Health Centers of San Diego in El Cajon

New York, San Diego, St. Louis, September 15, 2016 – The Primary Care Development Corporation (PCDC) and U.S. Bancorp Community Development Corporation (USBCDC) have closed on financing to support Family Health Centers of San Diego’s (FHCSD) construction of a new, comprehensive care center in the city of El Cajon. New Markets Tax Credits (NMTC) financing was critical to this $9.7 million project to acquire and substantially renovate a one-story, 25,000 square foot health care facility located at 525 East Main Street.

The newly constructed facility will use 30 exam rooms to provide integrated services, including family medicine and pediatrics, OB-GYN, HIV and STD care, dental services, behavioral health, and optometry. Family Health Centers of San Diego will be the first to provide all of these services under one roof in El Cajon.

“We’re excited to work with the Primary Care Development Corporation and U.S. Bank to break down the barriers to accessing quality healthcare,” said Fran Butler-Cohen, FHCSD Chief Executive Officer. “Our new, state-of-the-art facility, with its array of healthcare offerings, will ensure patients in East San Diego County won’t have to travel far for a place to call their primary care medical home.”

The city of El Cajon has one of the highest poverty rates in San Diego County, with nearly half of the population living below 200 percent of the federal poverty level. Additionally, more than 10 percent of residents in El Cajon are uninsured, making it more difficult to obtain important medical and preventive care.

Community health centers like Family Health Centers of San Diego specialize in providing comprehensive care to all patients, regardless of insurance coverage, making this new center a valuable addition to the community.

“El Cajon is a city with a significant need for access to quality medical care,” said PCDC Managing Director, Anne Dyjak. “PCDC is proud to be able to support Family Health Centers of San Diego as a provider of high quality comprehensive, integrated care to the community.”

The financing package consisted of $8.5 million in NMTC allocation and $1.0 million in debt financing from PCDC. USBCDC is the NMTC investor.

“Comprehensive care is the gold standard for community health and we are delighted to be able to help bring these much-needed coordinated services to El Cajon,” said Maria Bustria-Glickman, vice president of USBCDC, a division of U.S. Bank.

Family Health Centers of San Diego began providing quality care with a focus on uninsured, low-income, and medically underserved patients in 1970. Their new location will be able to provide services to

13,000 patients in El Cajon, in addition to the 170,000 patients they serve at their 22 primary care locations throughout San Diego County.

PCDC has worked extensively in California in recent months, providing loans and NTMC to community health centers and training and technical assistance to over 35 health care organizations over the past year.

About PCDC
Founded in 1993, the Primary Care Development Corporation is a nationally recognized nonprofit organization that catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. To date, PCDC has helped over 1,000 primary care practices in 34 states to improve delivery of care by providing capital as well as training and technical assistance services. Since its founding, PCDC has leveraged over $800 million on projects that enhance capacity in low-income communities. Learn more at http://bit.ly/2cCVs3b.

About U.S. Bancorp Community Development Corporation
With $20.7 billion in managed assets as of June 30, 2016, U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country using state and federally sponsored tax credit programs. USBCDC's commitments provide capital investment to areas that need it the most and have contributed to the creation of new jobs, the rehabilitation of historic buildings, the construction of needed affordable and market-rate homes, the development of renewable energy facilities, and the generation of commercial economic activity in underserved communities. Visit USBCDC on the web at http://bit.ly/2cCWtbu.

About Family Health Centers of San Diego
Family Health Centers of San Diego has been an integral part of San Diego County’s health care safety net for almost half a century and is proud to be one of the largest, private, nonprofit networks of community clinics in the nation. FHCSD’s mission is to provide affordable, high-quality health care and supportive services to everyone, with a special commitment to uninsured, low-income and medically underserved persons. More information is available at http://bit.ly/2cCX2lr.
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News Release


UNBANKED IN ST. LOUIS WILL GET NEW WEALTH ACCUMULATION CENTER
WITH U.S. BANK INVESTMENT

St. Louis Community Credit Union opens new branches with services aimed at low-income residents in North and South St. Louis


ST. LOUIS (Aug. 31, 2016) – In an effort to bring banking and economic stability to low-income St. Louisans, U.S. Bank is investing $1.3 million in the construction of two St. Louis Community Credit Union branches, one of which will be a Wealth Accumulation Center for the unbanked.

U.S. Bancorp Community Development Corporation (USBCDC), a subsidiary of U.S. Bank, invested $1.3 million in federal New Markets Tax Credit equity in the $4 million project for the credit union, which is a Community Development Financial Institution. The investment follows U.S. Bank’s rollout Aug. 22 of its Safe Debit Account, aimed at the under- or unbanked, which provides the safety and service of traditional checking but no checks or overdraft fees.

USBCDC is also donating $15,000 to Prosperity Connection®, the credit union’s nonprofit partner affiliate that provides free financial coaching and group classes on a variety of personal finance topics in predominately economically stressed areas.

“This investment is the second we have made with St. Louis Community Credit Union because we believe so strongly in helping the underserved have access to financial services and education that will bring them more economic stability,” said Steve Kramer, senior vice president of USBCDC.

The newest project helped finance the build-out of the credit union’s recently opened Gateway Branch in North St. Louis at 3412 N. Union Blvd. and the construction of the Wealth Accumulation Center at 2828 Gravois Ave. in Benton Park. The Gateway Branch is at the site of the former Gateway Bank, the first and only black-owned bank in Missouri.

“These branches and the new services they will offer will help break down barriers so that residents of our community can have access to affordable financial services,” said Patrick Adams, CEO of St. Louis Community Credit Union. “By collaborating with banks for the greater good of our community, we are able to combine our resources to help increase people’s standard of living and better their lifestyle.”

Three combined facilities will provide educational and financial services at the Benton Park Branch’s Wealth Accumulation Center, especially those aimed at helping low-income residents avoid high-cost predatory lending:

• Free financial education and coaching: The Excel Center®. The Excel Center offers free one-on-one financial coaching and free group classes, access to academic scholarship funds for adult students, and more. Prosperity Connection educators teach topics related to personal financial management, including budgeting, banking, credit, avoiding predatory lending and identity theft. Additional topics include debt reduction, paying for college and tackling student loans, auto-buying, FHA home-buying, emotional spending and more. Classes and coaching sessions are also open to the entire community.

• Alternative payday lending services: The RedDough® Money Center, operated by Prosperity Connection, is a non-profit alternative to payday lending and check cashing services, providing consumers a lower-cost option and a pathway to financial freedom. RedDough offers check cashing, short-term loans, bill pay, money orders, prepaid debit cards, money transfers and more.

RedDough is designed for people who use other money services. As a non-profit, it offers similar services at a much lower cost – thus keeping more money in the consumer’s pocket. RedDough reinvests the money it earns back into the community to support financial education and social services available at the on-site Excel Center. This move further enhances the cycle of wealth creation.

• Mainstream banking: A St. Louis Community Credit Union Branch. This location will house the next generation of service through a standalone Interactive Teller Solution (ITS) unit – a fast and convenient way for members to do their banking.

The Wealth Accumulation Center will be the second branch of its kind for St. Louis Community Credit Union and Prosperity Connection. The flagship facility opened in the heart of Pagedale in late February through a partnership with Beyond Housing and the 24:1 Community Land Trust.

To date, the Pagedale Wealth Accumulation Center has benefitted the community in the following ways:
• Excel Center – reached more than 570 people with free financial education
• RedDough Money Center – secured over 180 loans totaling more than $68,000
• St. Louis Community Credit Union (walk-in branch) – processed more than 1,100 ITS transactions
USBCDC invested $1 million with the credit union in 2015 to build branches to serve underbanked residents in Ferguson, Jennings and St. John.

U.S. Bank has invested more than $320 million in New Markets Tax Credit equity in projects in the St. Louis area since 2003.

With $20 billion in managed assets as of June 30, 2016, U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country using state and federally sponsored tax credit programs. USBCDC's commitments provide capital investment to areas that need it the most and have contributed to the creation of new jobs, the rehabilitation of historic buildings, the construction of needed affordable and market-rate homes, the development of renewable energy facilities, and the generation of commercial economic activity in underserved communities. Visit USBCDC on the web at http://bit.ly/2bBxKUk.

Credit unions are not-for-profit financial cooperatives, owned by their members. St. Louis Community Credit Union has more than $250 million in assets and serves 52,000 members. As part of its giveback to the community, St. Louis Community Credit Union offers affordable account services and loans, locations in underserved communities and free, hands-on financial education. St. Louis Community Credit Union provides a variety of consumer financial services, including checking accounts, ATMs, credit and debit cards, new and used vehicle loans, real estate loans, unsecured lines of credit, savings products, online banking and more. All accounts are federally insured to $250,000 by the National Credit Union Administration, a deposit-insurance agency of the federal government, and privately insured up to an additional $250,000 by Excess Share Insurance. St. Louis Community Credit Union is recognized as a Community Development Credit Union (CDCU), a Community Development Financial Institution (CDFI), a Low-Income Designated credit union and a Minority Depository Institution as designated by the National Credit Union Administration.



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For Immediate Release

STUDEBAKER INNOVATION CENTER RECEIVES HUGE BOOST WITH NEW MARKETS TAX CREDITS

South Bend, Ind. (May 4, 2016) – RDistrict One LLC is pleased to announce the $22.9 million financing of the restoration and adaptive reuse of the Studebaker assembly complex into a mixed-use innovation center, providing manufacturing, training, education, technology firm and incubator space in the Renaissance District in South Bend, Indiana.

The formerly shuttered Studebaker complex was once home to the Studebaker Corporation, one of the largest automakers in the United States. Studebaker closed its doors in 1963 and left the City of South Bend struggling to revitalize the neighborhood and economy over the last few decades.

The redevelopment of 220,000 square feet of the nearly million square foot campus is estimated to create in excess of 400 permanent jobs, allowing for competitive lease rates for nonprofit and entrepreneurial space, and providing for an innovative mix of technology, manufacturing and retail opportunities in the low-income community. Through collaboration with the local community and educational institutions the Innovation Center’s mission is to create and encourage light manufacturing and technology oriented careers and to provide training and support.

"The Studebaker Innovation Center will be a formidable economic driver for the South Bend economy for years to come. We are excited to be part of this innovative development," said Robert Espeland, vice president of U.S. Bancorp Community Development Corporation, a division of U.S. Bank.

“This ambitious redevelopment serves as the perfect catalytic anchor for the transformation and revival of the Renaissance District. We are pleased to have provided advisory services for the financing of this exciting project and are thrilled for the substantial positive impact it will bring to the area and surrounding low-income community,” said Joel Superfon, Director of Investment Management and Advisory Services at Dudley Ventures.

The Project financing was secured by RDistrict One LLC, a partnership between Union Station Technology Center and Paul Kite, combined with Capital One, U.S. Bank, and United Federal Credit Union and utilized $18.6 million in New Markets Tax Credit allocation provided by Urban Research Park CDE, LLC and the National Trust Community Investment Corporation. The New Markets Tax Credits provided a much needed and critical resource in the financing of the Studebaker Innovation Center.


Butler Snow LLP and Krieg DeVault LLP provided transaction legal counsel and Dudley Ventures, through its affiliate Dudley Ventures Advisory Services, LLC, provided New Markets Tax Credit structuring, advisory and closing execution services.

For information about the Renaissance District, please visit http://bit.ly/1rnY6en.

About Union Station Technology Center
Union Station Technology Center (USTC) is a state-of-the-art technology hub for digital information, providing an ideal venue for off-site data centers, data transport and carrier operations. Geographically situated in fiber-rich northern Indiana, USTC offers low-cost computing space, power and connectivity as well as high-tech office space that enable customers to connect to the world and compete in the global marketplace. Their turn-key infrastructure has propelled USTC to becoming one of the fastest growing companies in Indiana, the region’s largest data center, and Indiana’s 2nd largest carrier hotel. USTC was selected as one of Indiana’s “Companies to Watch” in 2013 and is housed in the former New York Grand Central Station – known as Union Station – and within the Renaissance District. For more information, please visit http://bit.ly/1rnY6uN.

About Strongbox Commercial
Strongbox is the development arm of Paul Kite, a privately held real-estate development and investment company focused on developing, owning and operating first-class retail, office and mixed-use propertieisn the Midwest. Fo
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News Release

NEW BELOW-MARKET RENT APARTMENTS SLATED FOR BLOOMINGTON

SAN BERNARDINO, Calif. (April 27, 2016) – More than 80 low-income individuals or families will be able to obtain affordable housing with the expansion of Bloomington Grove Apartments thanks to an investment from U.S. Bank with developer Related Companies of California in Los Angeles.

The nearly $33 million Bloomington phase II will receive from the bank’s U.S.
Bancorp Community Development Corporation $22.5 million in equity raised from federal low-income housing tax credits and $21 million in construction and
permanent loans. The financing will be used to construct 84 one-, two- and
three-bedroom units at 18030 Valley Blvd. in Bloomington.

“Expanding the availability of affordable housing for the future tenants in Bloomington will be a significant factor in stabilizing their finances,” said Vihar Sheth, senior vice president of USBCDC. “The first phase has been very well received and we have great partners in Related."

Bloomington Grove will offer free social services to all project residents such as English as a second language classes, financial training and health maintenance through education. An after-school program will also be available for all school-aged children of the development through the San Bernardino County Public library. Children will have access to after school programs that will include homework tutoring, reading classes and computer skills training. All services will be provided free of charge to Bloomington Grove residents.

The adjacent Lillian Court will offer social service programs tailored to the
senior resident. These services will include classes on accessing senior
services throughout the area, exercise classes, and health and nutrition
counseling.

Bloomington Grove tenants will earn between 30 percent and 60 percent of the area median income. Rent will range from $268 to $843 a month. Construction on phase II is expected to be complete in April 2017.

"The second phase of Bloomington Grove is going to provide 84 families with a fantastic place to live in an established Bloomington community. We’re very proud of how the development has enhanced the neighborhood,” said R. Stan Smith, vice president of development for Related California in Irvine.

U.S. Bank has invested more than $150 million in 13 affordable housing projects that created 800 apartments in the San Bernardino area since 2001.

With $20 billion in managed assets as of March 31, 2016, U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country using state and federally sponsored tax credit programs. USBCDC's commitments provide capital investment to areas that need it the most and have contributed to the creation of new jobs, the rehabilitation of historic buildings, the construction of needed affordable and market-rate homes, the development of renewable energy facilities, and the generation of commercial economic activity in underserved communities. Visit USBCDC on the web at http://bit.ly/26tPvqX.

U.S. Bancorp (NYSE: USB) with $429 billion in assets as of March 31, 2016, is the
parent company of U.S. Bank National Association, the fifth largest commercial
bank in the United States. The company operates 3,129 banking offices in 25
states and 4,954 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at http://bit.ly/26tPtiF.















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Making our nation greener

Since 2008, U.S. Bank has been investing in solar, wind and other renewable energy suppliers. In 2015 alone, we provided $2 billion in tax credit equity to renewable energy companies to install wind and solar arrays for homes, business and utilities across the nation. That’s the equivalent of removing
540,000 cars from the roads throughout the year.

Through the work of U.S. Bancorp Community Development Corporation, U.S. Bank has invested nearly $5.5 billion in renewable-energy tax-credit equity over the last eight years. We are committed to renewable energy and making our planet a greener place to live.




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FOR IMMEDIATE RELEASE

March 15, 2016

Economic Development Partners Announce Major Revitalization Project for Greenville, Mississippi

Mixed-use redevelopment of downtown Sears, Roebuck & Company store will create jobs, increase the local tax base and stimulate economic growth

Greenville, Miss. – The City of Greenville, developer Bill Boykin, Guaranty Bank and Trust Company, U.S. Bancorp Community Development Corporation and Enhanced Community Development, a subsidiary of Enhanced Capital, announced today their plans to redevelop the former Sears, Roebuck & Company store and three adjacent buildings in downtown Greenville, a project four years in the making that will provide an estimated 36 permanent jobs, along with 75 construction jobs, and is anticipated to spur additional economic development in the area.

Once considered the “Queen of the Delta,” Greenville is the heart and soul of the Mississippi River Delta. Unfortunately Greenville has faced some challenging economic realities, and area leaders are focused on efforts to create job opportunities and encourage greater growth. The redevelopment of the shuttered Sears, Roebuck & Company store, which was built in the 1940s, and adjacent vacant buildings in downtown Greenville marks a major step forward.

“Redevelopment of the historic Sears Building will be a major step forward in the
revitalization and reemergence of our downtown as a place for business,
education and entertainment,” Greenville Mayor Errick Simmons said. “This
building will become a showcase property, as it stands in the heart of downtown
and is the first major revitalization project to utilize the municipal tax
abatements for buildings in the central business district. I applaud Bill
Boykin, Guaranty Bank and Trust, U.S. Bancorp Community Development Corporation and Enhanced Community Development for their collaborative efforts in this project and encourage others to come to our downtown to open up their businesses.”

The $9.1 million project was financed in part by federal New Markets Tax Credit allocation, Mississippi state New Markets Tax Credit allocation, and state and federal historic rehabilitation tax credits.

When renovations are completed in July 2017, the property will contain retail space, a health-care component, microbrewery and full restaurant, boutique hotel, and co-working space to support and incubate local entrepreneurs. In addition, some New Markets Tax Credit proceeds will fund improvements at nearby Stein Mart Park.

“Having worked on this project for the past four years, I’m excited to turn the page in downtown Greenville and finally reopen these vacant buildings,” developer Bill Boykin said. “Significant support from programs such as New Markets Tax Credits gave us the ability to move forward, setting the stage for additional revitalization in Greenville.”

“The funding process has been a labor of love for many reasons,” said Andy Dixon, Senior Vice President and Relationship Banker at Guaranty Bank and Trust, Greenville. “We are reflecting our long legacy of investing in the lives of families and business owners across the region, just as we have since 1943. In our role as a true community bank, opportunities such as this allow us to serve as a catalyst for projects that enhance the quality of life we share in Greenville and to take another step in downtown revitalization.”

The federal and Mississippi New Markets Tax Credit programs were designed to encourage private capital investment in areas of economic distress, to create jobs and catalyze additional economic activity. Federal and state historic rehabilitation tax credits support the rehabilitation of historically significant buildings.

"The Delta's long economic struggle will take a substantial step forward with the development of the Sears project and adjacent buildings,” said Tom Oldenburg, vice president of U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank. “Greenville will flourish thanks to the involvement
of the New Markets Tax Credits and these committed partners.”

“Enhanced Capital proudly participates in economic development projects in locations across the United States,” said Richard Montgomery, Vice President of Enhanced Community Development. “New Markets Tax Credits and historic tax credits were critical to making the Sears Department Store project a reality. These programs are making a positive impact for so many communities, and we are excited for the positive impact this project will make for the people of Greenville.”

An event to celebrate the redevelopment project is planned for March 24, 2016. The property is located at 517 Washington Ave. in Greenville.



About Guaranty Bank
and Trust Company:



When founders first opened the
doors to Guaranty Bank and Trust in 1943, they did so with a commitment to
serve as a true community bank, a bank that would prosper on a foundation of
exceptional, relationship-based service, local loan decisions, value-driven
accounts and active corporate citizenship. Today, the bank has grown to 15
locations in 10 communities across northwestern Mississippi, from Southaven to
Vicksburg, but the mission remains unchanged: to make a difference in the lives
of families and business owners while working to enhance the quality of life in
each of our communities. In Greenville, the bank is working to revitalize
downtown while investing in the dreams of its customers.



About U.S. Bancorp
Community Development Corporation:



With nearly $19.4 billion in managed assets as of Dec. 31, 2015, U.S. Bancorp
Community Development Corporation, a subsidiary of U.S. Bank, provides
innovative financing solutions for community development projects across the
country using state and federally sponsored tax credit programs. USBCDC's
commitments provide capital investment to areas that need it the most and have
contributed to the creation of new jobs, the rehabilitation of historic
buildings, the construction of needed affordable and market-rate homes, the
development of renewable energy facilities, and the generation of commercial
economic activity in underserved communities. Visit USBCDC on the web at http://bit.ly/1prZX1r.



About Enhanced
Capital:



Enhanced Capital, with offices in New York City and New Orleans, is a diversified private
investment firm focused on financing small and mid-sized companies
overlooked by traditional sources of capital. Founded in 1999, many of Enhanced
Capital’s funds are backed by institutional capital and finance businesses
across targeted investment, asset management and tax credit platforms. In
addition, the firm participates in a variety of state and federal
public-private investment programs, including the federal SBIC program. For
more information, visit http://bit.ly/1QVoG6O.



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News Release

U.S. Bank donates $30,000 and invests $2.3 million in Plaza Mariachi in South
Nashville

NASHVILLE, Tenn. (March 14, 2016) – U.S. Bank donated $30,000 and invested $2.3 million for the creation of Plaza Mariachi, a retail complex offering artisanal and traditional goods, entertainment, professional services and healthy food in South Nashville.

U.S. Bank is donating $30,000 to the Hispanic Family Foundation for a variety of
educational and workforce training programs. The bank’s U.S. Bancorp Community Development Corporation will also invest $2.3 million in equity from New Markets Tax Credits for the construction.

“This rehab is the perfect opportunity to inject new life into a struggling
neighborhood including providing healthy food options in a designated food
desert,” said Tom Oldenburg, vice president of USBCDC. “The addition of entertainment options with a Hispanic flair will attract residents, tourists and economic development to South Nashville."

The 73,000-square-foot development at 3955 Nolensville Pike is expected to produce 216 new jobs and retain 130 existing positions. At least 70 percent of those hired for the new jobs will be low-income applicants.

The Hispanic Family Foundation will provide space to businesses launched by
low-income entrepreneurs, particularly minorities, at Plaza Mariachi. Free
space will also be provided to government or nonprofit agencies that provide
English-language training, GED, financial literacy and citizenship classes to
low-income residents, particularly Hispanics.

“Obtaining this investment assisted with enhancing the buildout of Plaza Mariachi,” Developer Mark Janbakhsh said. “The donation will help the Hispanic Family Foundation provide job training, arts education for children and GED preparation for this growing community.”

Over the next two decades, Hispanics are expected
to comprise 34 percent of metro Nashville’s population, an increase of 10
percent over 2010, the U.S. Census projects.



Mid-City
Community CDE contributed the federal New Markets Tax Credits to the project.







Construction
is expected to be complete by spring.







Since 2012, U.S. Bank has invested nearly $18
million in affordable housing and economic development projects in the metro
area, including Plaza Mariachi.







With
nearly $19.4 billion in managed assets as of Dec. 31, 2015, U.S. Bancorp
Community Development Corporation, a subsidiary of U.S. Bank, provides
innovative financing solutions for community development projects across the
country using state and federally sponsored tax credit programs. USBCDC's
commitments provide capital investment to areas that need it the most and have
contributed to the creation of new jobs, the rehabilitation of historic
buildings, the construction of needed affordable and market-rate homes, the
development of renewable energy facilities, and the generation of commercial
economic activity in underserved communities. Visit USBCDC on the web at
http://bit.ly/1QYCU4F.







U.S. Bancorp
(NYSE: USB), with $422 billion in assets as of Dec. 31, 2015, is the parent
company of U.S. Bank, the fifth-largest commercial bank in the United States.
The company operates 3,133 banking offices in 25 states and 4,936 ATMs, and
provides a comprehensive line of banking, investment, mortgage, trust and
payment services products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at http://bit.ly/1QTghCc.




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News Release


U.S. BANK SUPPORTS CATHOLIC CHARITIES’ NEW VISION FOR DOROTHY DAY CENTER


Project will provide emergency shelter, permanent homes and paths out of poverty for the homeless


ST. PAUL, Minn. – Feb. 1, 2016 – U.S. Bank is investing $19 million to advance a
bold new vision for Catholic Charities’ Dorothy Day Center.

The dual-phase $100 million project will prevent and end
homelessness for those most in need by focusing on three key components:
dignified shelter, affordable permanent housing and dedicated self-sufficiency
services that will create true pathways out of poverty and homelessness. Higher
Ground Saint Paul, the first phase of the project, is under construction at 411
N. Main St. and will include 193 affordable apartments, 48 pay-for-stay beds,
and a 232-bed emergency shelter for the homeless.

Higher Ground Saint Paul will replace the 155-apartment Mary Hall
and the emergency shelter at the Dorothy Day Center, which will be demolished.
It will also feature specialized housing and services for veterans, people with
disabilities and those who have complex medical challenges. The second phase of
the project, the Saint Paul Opportunity Center, will provide a hub of support
services as well as additional permanent housing to help people out of poverty
and on to brighter futures.


“Higher Ground is a great partnership where public and private
resources combine to strengthen our community,” said Zack Boyers, chairman and
CEO of U.S. Bancorp Community Development Corporation—the bank subsidiary that
invested in Higher Ground. “We must take care of the most vulnerable members of
our neighborhoods, and I’m proud that U.S. Bank is a partner in this vital
effort to care for the homeless.”





The new Dorothy Day Center will offer mental and physical health
services; education; job training and placement; a Veterans Resource HUB;
financial services and much more to individuals experiencing deep poverty and
homelessness. The project is based on a
national model run by Catholic Charities called Higher Ground Minneapolis.







U.S. Bank made two separate investments totaling $13 million in
equity raised from federal New Markets and low-income housing tax credits as
well as a $6.2 million construction loan for the $40 million Higher Ground
Saint Paul project. U.S. Bank Foundation is donating $1 million to the building
effort. U.S. Bank Chief Operating Officer and President Andy Cecere is
co-chairman of Catholic Charities’ capital campaign.







“We are honored that U.S. Bank has made such a strong commitment
to lead this historic public-private partnership that will strengthen this
entire region, and transform the lives of our most vulnerable neighbors,” said
Tim Marx, president and chief executive officer of Catholic Charities of St.
Paul and Minneapolis. “U.S. Bank’s
investment is critical to making this vision a reality—and to making our
community a place where all residents have the opportunity to thrive.”







Construction of 111,000-square-foot Higher Ground Saint Paul
building began in October 2015 and is expected to finish near the end of 2016.
The second phase of the project, the Saint Paul Opportunity Center, is
scheduled to begin construction in 2017. To date, the project has engaged
around 250 workers onsite and another 140 workers offsite.







This investment marks USBCDC’s 100th community development project
in the Minneapolis metro area in which USBCDC has invested $508 million since
the division began more than 20 years ago.
The developments across Minneapolis have produced more than 4,100
affordable apartments.







With
nearly $19.4 billion in managed assets as of Dec. 31, 2015, U.S. Bancorp
Community Development Corporation, a subsidiary of U.S. Bank, provides
innovative financing solutions for community development projects across the
country using state and federally sponsored tax credit programs. USBCDC's
commitments provide capital investment to areas that need it the most and have
contributed to the creation of new jobs, the rehabilitation of historic
buildings, the construction of needed affordable and market-rate homes, the
development of renewable energy facilities, and the generation of commercial
economic activity in underserved communities. Visit USBCDC on the web at http://bit.ly/1UDa4Kb.







Minneapolis-based
U.S. Bancorp (NYSE: “USB”), with $422 billion in assets as of Dec. 31, 2015, is
the parent company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The company operates 3,133 banking
offices in 25 states and 4,936 ATMs and provides a comprehensive line of
banking, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at http://bit.ly/1QTzap5.







Catholic Charities of St. Paul and Minneapolis serves those most
in need. We are a leader at solving poverty, creating opportunity, and
advocating for justice in the community. Our programs for children, families and
adults annually help nearly 30,000 people, regardless of faith, background or
circumstance. Through our advocacy efforts, Catholic Charities serves as a
tireless voice for those who often go unheard. Our work would not be possible
without our dedicated volunteers and donors. For more information about the new
vision for the Dorothy Day Center, visit http://bit.ly/1UDa4K9.







# # #







Contact:



Shera
Dalin, U.S. Bank Corporate Communications – 314.335.3335, shera.dalin@usbank.com
Twitter @usbank_news




















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