Loan Products and Other Business Services
Community Growth Fund
Eligible loans under the Community Growth Fund (“CGF”) may include investments for businesses engaged in community reinvestment act (“CRA”) programs located within low-income communities throughout South Florida, as well as, for businesses, which may develop, own and operate their own real estate properties within the low-income communities. Examples of potential investments include the development of office buildings, drug stores, restaurants, etc. which are owned and operated by businesses in their particular industry. Other potential CGF investments include development of single-family homes in low to moderate-income communities as well as the redevelopment of BAC’s commercial complex. The thrust of CGF activities is to align its activities with the master plan as determined by local government agencies.