Border Communities Capital Company

 

BCCC, an affiliate of Chelsea Investment Corporation,  was formed as a Community Development Entity (CDE) in 2002 and won a $50 million New Markets Tax Credit (NMTC) allocation in the program’s first funding round. BCCC won an additional $50 million of NMTC in the 2009 funding round and another $25 million in 2014. 

BCCC provides financing for land and infrastructure development, and vertical building of commercial, medical, educational, hospitality, and industrial space, in eligible counties. Products offered include development and construction short- and intermediate-term loans. BCCC can offer below market interest rates, a longer than standard period of interest-only payments, more flexible borrower credit standards, loan loss reserves that are lower than standard, non-traditional forms of collateral, and other below market or unconventional features. With its NMTC allocations, BCCC will continue to provide capital and financing to projects that spur development, upgrade communities, and create services and opportunities for low-income communities.