Community Development Investments
Community Development Funds - Bank of Albuquerque invests in funds that provide intermediary financing to businesses that have
historically not been able to readily access the capital markets therefore providing capital for small businesses to grow and
succeed.
We invest in the following type of funds:
- Funds that focus on low- and moderate-income individuals and geographies or that promote other economic development initiatives such as New Market Tax Credit funds
- Funds that have been licensed as Small Business Investment Companies (SBICs)
Community Development Financial Institution (CDFIs) - By Investing in CDFI we support neighborhood-based, for-profit and nonprofit
financial institutions that provide critical capital and financial services to underserved communities.
Low Income Housing Tax Credit Investments (LIHTCs) - We are an equity investor in rental housing for low- and moderate-income
individuals and families. By investing in Low Income Housing Tax Credit projects, the Bank can invest in affordable housing
initiatives that have sustainable impact in our communities where we do business.
Grants and Contributions - Bank of Albuquerque provides financial assistance to help fund many organizations that administer
community service programs to low- and moderate-income individuals, revitalize and stabilize low and moderate income areas, provide
homebuyer and financial education, as well as many other services that help to strengthen the communities in which we serve.
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