Community Ventures Corporation Inc

Programs: Providing lending assistance to low-income individuals seeking first time home ownership and low income business owners. Advantages of cvc's lending programs over conventional financing include: low down payments, fixed interest rates, long terms, low interest rates, and the ability for loan fees to be financed in the loan. Examples of programs operated to facilitate lending assistance are; 1) department of treasury (community development financial institutions funds) - provides assistance to strengthen and expand community development to low-income individuals 2) the community housing development organization ("chdo") - represents funds provided by a community-based service organization that has significant capacity to develop affordable housing for the community it serves.

assistance in the acquisition and substantial rehabilitation of single- family homes for first time buyers. Cvc offers a number of programs developed to offer detailed home ownership counseling to help individuals qualify for lending services. Examples of programs operated to facilitate this housing mission are the kentucky housing corporation ("khc")(home funding)project which helps with the acquisition, substantial rehabilitation of single-family homes for first-time homebuyers, and e-home america which provides counseling services for homebuyers and homeowners.

cvc helps people make full use of their talents, skills and energies by providing training and lending services to emerging entrepreneurs in central kentucky. Our professional staff of business development specialists assists clients in all phases of business development with lending services and training to both new business owners and existing businesses wishing to expand. Financial products and training are available for new businesses and small enterprises seeking financing for initial launch and early-stage growth. Examples of programs and projects developed to assist in the furtherance of these target businesses are; 1) the small business administration (sba) - provides intensive marketing, management, and technical assistance to qualifying individuals seeking to start or expand small businesses 2) the small business administration loan fund - provides lending assistance to qualifying business owners 3) the community development block grant microenterprise program - provides individual technical assistance and classroom training to low-income and moderate-income individuals wishing to become self-sufficient by starting their own business.

cvc serves as the managing member of 18 community development entities (cde) functioning as new markets tax credit qualified cde's. The mission is to provide investment capital for low income communities in kentucky using new markets tax credits. The cde's provide flexible financing for commercial real estate projects and community and business facilities locating or expanding in the commonwealth of kentucky. Signed into law as part of the community renewal tax relief act of 2000, the new markets tax credit is designed to stimulate 15 billion in private equity investment in under-served communities. Policymakers believe this investment will create new jobs, spur increased economic activity through business development, and promote community revitalization.