Welcome to the Kansas City, Missouri Community Development CDE (KCMO CDE) website.
The KCMO CDE is a 501(c)(4) community development entity committed to creating opportunities in Kansas City's most economically distressed communities.
Whether it is providing financing to a business or catalytic development project through the New Markets Tax Credit (NMTC) program, financing property improvements through its façade improvement loan program, supporting microlending to start-up and small businesses, or helping to deliver services and resources to small business owners and residents of low income communities (LICs) through its many strategic partners, the KCMO CDE is dedicated to promoting and supporting innovative, targeted and collaborative economic and community development initiatives to help build and grow vibrant, sustainable and prosperous communities throughout Kansas City, Missouri.
KCMO CDE Closes on $10 Million NMTC Transaction
The KCMO CDE closed a $10MM New Markets Tax Credit transaction in June supporting the redevelopment and expansion of the Linwood YMCA at 3800 Linwood Boulevard. The project, breaking ground this summer, will involve a complete redevelopment of the existing structure and an expansion to include an enlarged health and wellness center, renovated gym, an indoor swimming pool, and additional community space. The facility will also include an on-site clinic operated by Truman Medical Centers (TMC). The completed facility will be renamed the Linwood YMCA James B. Nutter Community Center.
In addition to the NMTC facilitated gap financing, the project is being funded primarily through philanthropic contributions. The KCMO CDE contributed $10 million in NMTC allocation, which will deliver to the project approximately $3 million in NMTC facilitated financing. The tax credit investor is US Bancorp Community Development Corporation, an affiliate of US Bancorp/US Bank. J.E. Dunn will be the contractor for the project.
For more information about the KCMO CDE's NMTC program contact the KCMO CDE’s Executive Director Ruben Alonso III at 816-216-1851, ext. 2 or email email@example.com.
Workshop in Business Opportunities (WIBO)
The KCMO CDE is proud to be an Affiliate Partner of New York-based Workshop in Business Opportunities (WIBO). We offer the WIBO 16-Week Workshop, How to Build a Growing Profitable Business, to support the startup and growth of entrepreneurs from low-income and underserved communities.
The Workshop in Business Opportunities (WIBO) 16-Week Workshop: How to Build a Growing Profitable Business is for entrepreneurs currently running a business or who plan to open a specific business within one year. WIBO is comprehensive and rigorous, combining extensive curriculum, a supportive and interactive class format, the expertise of business owners and subject experts, guest speakers, and mentoring to offer participants a truly unique experience. Participants learn the skills and confidence necessary to start and manage all aspects of their own business. With a strong emphasis on marketing and financials, participants learn how to build a profitable business model.
Visit our WIBO webpage to learn more. If you are interested in this program or have any questions about the WIBO workshop, please contact Christine Kahm at 816-216-1851, ext. 3 or email firstname.lastname@example.org.
The Community Capital Fund
- The Community Capital Fund was founded with an initial grant by the KCMO CDE in 2012 to support innovative and measurable community development in historically under-invested and under-resourced areas of Kansas City, Missouri. The CCF supports community development and neighborhood capacity building in Kansas City through thoughtful and targeted programming with the Neighborhood Opportunity Grant program and the Community Development Workshop to transform communities of distress into communities of opportunity. Visit the CCF website to learn more.