UACD invests in high-impact, catalytic projects that will not only deliver career-track jobs to low-income communities, but also strengthen overall community outcomes.
UACD has also participated in various state NMTC programs in FL, KY, IL, and NV. To date, UACD has provided $51.32MM in state NMTC proceeds to 12 projects.
Through its innovative partnership with American Communities Trust (ACT), UACD has directed an additional $4.43 MM in grants and technical support to the low-income communities in which these projects are located.
To encourage community-engagement and responsiveness, UACD incorporates Community Benefit Agreements (CBAs) into its lending agreements with project developers. As part of the CBA, ACT may work with the project developers to create programming focused on educational and workforce training, permanent and construction employment, and tenancy and procurement objectives, all targeted to the community residents most in need of assistance. ACT advances community benefits in and around UACD investments and leverages additional resources to sustain and strengthen community outcomes.