What we are up too
Five Points has successfully assisted Qualified Low-Income Businesses (QALICBs) in highly distressed, low-income communities (LICs) nationwide including NMTC enhanced financing greenhouse in conjunction with a GA CDGI that created jobs.
The Benefits of
Five Points
Five Points worked with multiple CDFIs in various capacities, such as partnering with Carolina Small Business Development Fund to fund two borrowers totaling $3.05 million and Mountain Area Community Development Fund to provide NMTC enhanced loans to five borrowers, including two grocers that served rural KY.
Identifying borrowers and structure transactions
Five Points sources financing opportunity for Minority Depository Institutions (MDIs) and CDFI to deploy capital in larger transactions that typically wouldn’t be available on their own. For example, in July 2022, Five Points aggregated capital from three minority led CDFIs to finance a $7.76 million transaction, including a MDI, that individually exceeded their lending limit by at least three times. Furthermore, the risks with mitigated with NMTC enhancements.
Identifying borrowers and structure transactions
Five Points sources financing opportunity for Minority Depository Institutions (MDIs) and CDFI to deploy capital in larger transactions that typically wouldn’t be available on their own. For example, in July 2022, Five Points aggregated capital from three minority led CDFIs to finance a $7.76 million transaction, including a MDI, that individually exceeded their lending limit by at least three times. Furthermore, the risks with mitigated with NMTC enhancements.
Five Points has provided pre-development capital and/or technical assistance to eight affordable housing projects in 2022 sponsored by four Minority sponsored start-up affordable housing development firms.
Shreveport, LA
Five Points has been working with two PHA projects
For multiple years, providing them technical assistance and capital to convert and rehabilitate 128 units of public housing stock into a private, general partnership. Five Points will also serve as a special limited partner in the new partnership to provide a bridge of expertise between the investor and the non-profit sponsor.
Constantly providing technical assistance to help CDFIs utilize resources from the new State Small Business Credit Initiative program being rolled out in 2022 by states and tribes.
Which enables them to access the RAD program and other resources to rehabilitate housing stock that has significant capital needs.
EXAMPLE:
Five Points has been working with two PHA projects in Shreveport, LA for multiple years, providing them technical assistance and capital to convert and rehabilitate 128 units of public housing stock into a private public partnership. Five Points will serve as a special limited partner in the new partnership to provide a bridge of expertise between the investor and the nonprofit sponsor.
This is another emerging service to help MDIs and CDFI banks identify borrowers and structure transactions to utilize a portion of the $9 billion in capital provided to these organizations under the Emergency Capital Injection Program in June of 2022. The capital can be deployed in conjunction with the four other initiatives noted above (deployed with NMTC enhancement, funding minority developers, PHAs and providing matching capital required under the SSBCI program.)
Proven Track Record
Impact in Our Community
Financial Stewards
Five Points has provided pre-development capital and/or technical assistance to eight affordable housing projects in 2022 sponsored by four Minority sponsored start-up affordable housing development firms.
Provide technical assistance and capital to Public Housing Authorities (PHA)
Which enables them to access the RAD program and other resources to rehabilitate housing stock that has significant capital needs.
EXAMPLE:
Five Points has been working with two PHA projects in Shreveport, LA for multiple years, providing them technical assistance and capital to convert and rehabilitate 128 units of public housing stock into a private public partnership. Five Points will serve as a special limited partner in the new partnership to provide a bridge of expertise between the investor and the nonprofit sponsor.
Provide capacity building initiatives to Minority Depository Institutions and CDFI banks.
This is another emerging service to help MDIs and CDFI banks identify borrowers and structure transactions to utilize a portion of the $9 billion in capital provided to these organizations under the Emergency Capital Injection Program in June of 2022. The capital can be deployed in conjunction with the four other initiatives noted above (deployed with NMTC enhancement, funding minority developers, PHAs and providing matching capital required under the SSBCI program.)
