
CDCapital’s primary market is the New Orleans Metropolitan arrea and all of southeast Louisiana.
Virtually all loans are targeted to serve low-moderate income home buyers and renters. It is essential that affordable housing be made available in order to speed economic recovery in the city and region.
FINANCIAL FACTS
CDCapital’s revolving investment portfolio is typically fully deployed in viable loans for affordable-housing-development projects
From 2002 to 2006, CDCapital has financed the acquisition or development of 1,200 blighted or underutilized properties.
From 2002 to 2006, CDCapital has channeled $20 million in private investment into underserved markets.
From 2002-2006, CDCapital’s loan performance has been excellent, even by banking standards, with less than one-half of one percent in loan losses since inception. This figure includes over 40 loans made over a five-year period (pre-and post-Katrina) totaling in excess of $7.5 million.
CDCapital has grown from being 40% self-sufficient, based on net interest income in 2003, to being 85% self-sufficient in 2006, based on the same criteria.
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